Susquehanna Fundamental Investments LLC Sells 6,208 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Susquehanna Fundamental Investments LLC cut its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 18.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,300 shares of the company’s stock after selling 6,208 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in BJ’s Wholesale Club were worth $2,398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BJ. Scientech Research LLC bought a new stake in shares of BJ’s Wholesale Club in the second quarter valued at about $1,731,000. Shellback Capital LP bought a new stake in shares of BJ’s Wholesale Club in the 2nd quarter worth approximately $2,196,000. D. E. Shaw & Co. Inc. grew its holdings in shares of BJ’s Wholesale Club by 201.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company’s stock worth $51,966,000 after purchasing an additional 395,573 shares in the last quarter. Daymark Wealth Partners LLC acquired a new stake in shares of BJ’s Wholesale Club during the 2nd quarter worth approximately $209,000. Finally, AQR Capital Management LLC bought a new stake in shares of BJ’s Wholesale Club during the second quarter valued at approximately $1,254,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 value of $83,570.00. Following the transaction, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $83.57, for a total value 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $87.60, for a total value of $963,600.00. Following the completion of the transaction, the chief executive officer now owns 456,792 shares of the company’s stock, valued at $40,014,979.20. The disclosure for this sale can be found here. Insiders sold 68,438 shares of company stock worth $6,025,038 in the last quarter. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BJ. Wells Fargo & Company upgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $75.00 to $92.00 in a research note on Friday, August 23rd. Melius Research assumed coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price on the stock. Loop Capital increased 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. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $76.00 to $78.00 in a report on Monday, August 26th. Finally, Evercore ISI increased their target price on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a report on Thursday, June 20th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, BJ’s Wholesale Club has an average rating of “Moderate Buy” and a consensus target price of $86.31.

BJ’s Wholesale Club Price Performance

Shares of BJ stock opened at $82.44 on Tuesday. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.08 and a 52 week high of $92.37. The stock has a market capitalization of $10.94 billion, a PE ratio of 21.41, a PEG ratio of 3.02 and a beta of 0.24. 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 fifty day moving average is $83.15 and its 200-day moving average is $82.39.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The firm had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter last year, the company posted $0.97 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.83 EPS for the current fiscal 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.