SG Americas Securities LLC Sells 2,134 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

SG Americas Securities LLC lowered its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 47.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,382 shares of the company’s stock after selling 2,134 shares during the quarter. SG Americas Securities LLC’s holdings in BJ’s Wholesale Club were worth $196,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of BJ’s Wholesale Club by 158.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock worth $368,044,000 after acquiring an additional 2,571,709 shares in the last quarter. Marshall Wace LLP raised its stake in shares of BJ’s Wholesale Club by 143.6% during the 2nd quarter. Marshall Wace LLP now owns 848,000 shares of the company’s stock worth $74,488,000 after acquiring an additional 499,954 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake 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 acquiring an additional 395,573 shares in the last quarter. Raymond James & Associates raised its stake in shares of BJ’s Wholesale Club by 99.9% during the 2nd quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock worth $67,151,000 after acquiring an additional 382,114 shares in the last quarter. Finally, Delta Global Management LP bought a new position in shares of BJ’s Wholesale Club during the 1st quarter worth approximately $27,214,000. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Down 0.6 %

NYSE:BJ opened at $85.99 on Wednesday. The firm has a market capitalization of $11.41 billion, a P/E ratio of 22.34, a PEG ratio of 3.27 and a beta of 0.25. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $63.08 and a 1-year high of $92.37. The company’s fifty day moving average price is $83.05 and its 200-day moving average price is $83.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 earnings per share. As a group, equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on BJ shares. Wells Fargo & Company upgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $75.00 to $92.00 in a research note on Friday, August 23rd. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $76.00 to $78.00 in a research note on Monday, August 26th. Bank of America reduced their price objective on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Loop Capital boosted their target price 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. Finally, Melius Research began coverage on shares of BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.31.

Insider Transactions at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $87.60, for a total value of $963,600.00. Following the sale, the chief executive officer now owns 456,792 shares in the company, valued at $40,014,979.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $87.60, for a total transaction of $963,600.00. Following the sale, the chief executive officer now owns 456,792 shares in the company, valued at approximately $40,014,979.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the sale, the senior vice president now owns 13,566 shares in the company, valued at approximately $1,133,710.62. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock worth $2,841,820 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

BJ’s Wholesale Club 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.