BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 8.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,144 shares of the company’s stock after selling 7,788 shares during the period. Amalgamated Bank owned 0.06% of BJ’s Wholesale Club worth $7,303,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Wealth Alliance increased its position in BJ’s Wholesale Club by 68.7% in the 2nd quarter. Wealth Alliance now owns 5,051 shares of the company’s stock valued at $444,000 after acquiring an additional 2,057 shares during the period. Virtu Financial LLC increased its position in BJ’s Wholesale Club by 46.7% during the 2nd quarter. Virtu Financial LLC now owns 15,043 shares of the company’s stock worth $1,321,000 after purchasing an additional 4,786 shares during the period. Moors & Cabot Inc. increased its position in BJ’s Wholesale Club by 5.9% during the 2nd quarter. Moors & Cabot Inc. now owns 5,386 shares of the company’s stock worth $473,000 after purchasing an additional 299 shares during the period. Menard Financial Group LLC acquired a new position in BJ’s Wholesale Club during the 2nd quarter worth approximately $223,000. Finally, Dimensional Fund Advisors LP increased its position in BJ’s Wholesale Club by 13.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,370,144 shares of the company’s stock worth $120,351,000 after purchasing an additional 163,526 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total transaction of $873,400.00. Following the transaction, the chief executive officer now owns 445,792 shares of the company’s stock, valued at approximately $35,395,884.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the transaction, the chief executive officer now directly owns 445,792 shares in the company, valued at approximately $35,395,884.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,438 shares of company stock valued at $6,980,938. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BJ shares. Barclays boosted their target price on BJ’s Wholesale Club from $72.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, May 24th. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Evercore ISI boosted their target price on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a research report on Thursday, June 20th. Bank of America dropped their target price on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Finally, Gordon Haskett raised BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Thursday, May 23rd. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.07.

BJ’s Wholesale Club Price Performance

BJ stock opened at $80.95 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $63.08 and a 1 year high of $92.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. The stock’s 50 day moving average price is $84.55 and its 200 day moving average price is $81.90. The firm has a market cap of $10.74 billion, a P/E ratio of 21.03, a PEG ratio of 2.90 and a beta of 0.25.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. During the same quarter in the prior year, the company earned $0.97 EPS. BJ’s Wholesale Club’s revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.84 earnings per share for the current fiscal 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.