Goldman Sachs Group Inc. Lowers Stock Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Goldman Sachs Group Inc. reduced its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 685,542 shares of the company’s stock after selling 10,114 shares during the period. Goldman Sachs Group Inc. owned 0.51% of BJ’s Wholesale Club worth $45,698,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Portside Wealth Group LLC boosted its stake in BJ’s Wholesale Club by 3.7% in the 4th quarter. Portside Wealth Group LLC now owns 6,805 shares of the company’s stock worth $454,000 after purchasing an additional 241 shares during the period. Tectonic Advisors LLC boosted its stake in BJ’s Wholesale Club by 7.9% in the 4th quarter. Tectonic Advisors LLC now owns 3,544 shares of the company’s stock worth $236,000 after purchasing an additional 260 shares during the period. Dfpg Investments LLC boosted its stake in BJ’s Wholesale Club by 6.0% in the 4th quarter. Dfpg Investments LLC now owns 4,904 shares of the company’s stock worth $322,000 after purchasing an additional 278 shares during the period. Cutter & CO Brokerage Inc. boosted its position in shares of BJ’s Wholesale Club by 0.8% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 37,643 shares of the company’s stock valued at $2,509,000 after acquiring an additional 285 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of BJ’s Wholesale Club by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 58,425 shares of the company’s stock valued at $4,170,000 after acquiring an additional 300 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $76.70, for a total transaction of $843,700.00. Following the transaction, the chief executive officer now owns 500,792 shares in the company, valued at $38,410,746.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $76.70, for a total transaction of $843,700.00. Following the transaction, the chief executive officer now owns 500,792 shares in the company, valued at $38,410,746.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Monica Schwartz sold 13,578 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $78.81, for a total value of $1,070,082.18. Following the transaction, the executive vice president now owns 13,545 shares in the company, valued at approximately $1,067,481.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,684 shares of company stock worth $3,204,268. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on BJ shares. UBS Group increased their target price on BJ’s Wholesale Club from $89.00 to $97.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Gordon Haskett upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Thursday, May 23rd. JPMorgan Chase & Co. increased their target price on BJ’s Wholesale Club from $70.00 to $74.00 and gave the company an “underweight” rating in a research report on Tuesday, May 28th. The Goldman Sachs Group upgraded BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and increased their target price for the company from $81.00 to $87.00 in a research report on Monday, April 8th. Finally, Bank of America increased their target price on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, BJ’s Wholesale Club has a consensus rating of “Hold” and an average target price of $82.06.

BJ’s Wholesale Club Stock Performance

BJ stock opened at $88.56 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.74 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $81.06 and its two-hundred day simple moving average is $73.51. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $60.45 and a twelve month high of $90.43. The firm has a market cap of $11.75 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 3.20 and a beta of 0.24.

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

BJ’s Wholesale Club Company Profile

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.