BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. trimmed its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,281 shares of the company’s stock after selling 1,247 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in BJ’s Wholesale Club were worth $2,484,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. AE Wealth Management LLC lifted its position in BJ’s Wholesale Club by 13.6% in the second quarter. AE Wealth Management LLC now owns 19,260 shares of the company’s stock worth $1,692,000 after purchasing an additional 2,303 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of BJ’s Wholesale Club in the 2nd quarter worth $88,000. Benjamin Edwards Inc. lifted its holdings in shares of BJ’s Wholesale Club by 394.5% in the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock valued at $55,000 after buying an additional 501 shares during the period. Intech Investment Management LLC bought a new position in BJ’s Wholesale Club during the second quarter valued at about $2,190,000. Finally, Inspire Investing LLC grew its holdings in BJ’s Wholesale Club by 5.0% during the second quarter. Inspire Investing LLC now owns 24,192 shares of the company’s stock worth $2,125,000 after acquiring an additional 1,152 shares during the period. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Up 0.0 %

Shares of BJ’s Wholesale Club stock opened at $80.99 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $63.08 and a 1 year high of $92.37. The stock has a 50-day moving average price of $84.17 and a 200 day moving average price of $82.02. The company has a market cap of $10.75 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.90 and a beta of 0.25.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. The business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.97 earnings per share. As a group, analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BJ has been the subject of a number of research analyst reports. Wells Fargo & Company raised shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $75.00 to $92.00 in a report on Friday, August 23rd. JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their target price for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Loop Capital lifted their price target on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, July 11th. Evercore ISI increased their price objective on BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a research report on Thursday, June 20th. Finally, Roth Mkm lifted their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.07.

Insider Activity

In related 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 completion of the sale, the chief executive officer now directly owns 445,792 shares in the company, valued at $35,395,884.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Graham Luce sold 16,596 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total value of $1,512,725.40. Following the completion of the sale, the executive vice president now owns 14,131 shares of the company’s stock, valued at approximately $1,288,040.65. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 445,792 shares in the company, valued at approximately $35,395,884.80. The disclosure for this sale can be found here. Insiders have sold a total of 79,438 shares of company stock worth $6,980,938 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.

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.