BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by American International Group Inc.

American International Group Inc. lowered its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,035 shares of the company’s stock after selling 8,678 shares during the period. American International Group Inc. owned approximately 0.14% of BJ’s Wholesale Club worth $12,068,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BJ. Charles Schwab Investment Management Inc. boosted its holdings in BJ’s Wholesale Club by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 812,783 shares of the company’s stock worth $54,180,000 after acquiring an additional 20,820 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of BJ’s Wholesale Club in the fourth quarter valued at $892,000. Russell Investments Group Ltd. boosted its stake in shares of BJ’s Wholesale Club by 46.0% in the fourth quarter. Russell Investments Group Ltd. now owns 54,043 shares of the company’s stock valued at $3,603,000 after purchasing an additional 17,024 shares during the period. Thematics Asset Management grew its holdings in BJ’s Wholesale Club by 1.5% during the 4th quarter. Thematics Asset Management now owns 66,532 shares of the company’s stock valued at $4,435,000 after purchasing an additional 992 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in BJ’s Wholesale Club during the 4th quarter worth $5,745,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the completion of the transaction, the senior vice president now owns 12,905 shares in the company, valued at approximately $998,459.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $76.70, for a total value of $843,700.00. Following the completion of the sale, the chief executive officer now owns 500,792 shares of the company’s stock, valued at $38,410,746.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the transaction, the senior vice president now directly owns 12,905 shares in the company, valued at approximately $998,459.85. The disclosure for this sale can be found here. Insiders have sold a total of 39,684 shares of company stock worth $3,204,268 in the last ninety days. 2.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BJ shares. JPMorgan Chase & Co. raised their target price on BJ’s Wholesale Club from $70.00 to $74.00 and gave the company an “underweight” rating in a research note on Tuesday, May 28th. Robert W. Baird raised their price objective on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Evercore ISI upped their target price on BJ’s Wholesale Club from $80.00 to $86.00 and gave the company an “in-line” rating in a research report on Friday, May 24th. Bank of America raised their price target on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Finally, The Goldman Sachs Group raised shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and upped their price target for the company from $81.00 to $87.00 in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $81.88.

BJ’s Wholesale Club Stock Down 1.6 %

Shares of BJ’s Wholesale Club stock opened at $86.79 on Monday. The stock has a market capitalization of $11.52 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 3.08 and a beta of 0.24. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $60.45 and a twelve month high of $89.40. The company has a current ratio of 0.74, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26. The business’s 50 day simple moving average is $80.33 and its 200-day simple moving average is $72.98.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, May 23rd. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The firm had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.86 billion. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. Equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

About BJ’s Wholesale Club

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.