Daiwa Securities Group Inc. Sells 6,910 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Daiwa Securities Group Inc. trimmed its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 65.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,660 shares of the company’s stock after selling 6,910 shares during the quarter. Daiwa Securities Group Inc.’s holdings in BJ’s Wholesale Club were worth $321,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BJ. Blue Trust Inc. bought a new stake in BJ’s Wholesale Club in the second quarter valued at about $25,000. Rise Advisors LLC bought a new position in BJ’s Wholesale Club during the 1st quarter worth approximately $26,000. J.Safra Asset Management Corp acquired a new position in BJ’s Wholesale Club during the second quarter valued at approximately $45,000. Whittier Trust Co. of Nevada Inc. increased its stake in BJ’s Wholesale Club by 103.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 745 shares of the company’s stock valued at $65,000 after purchasing an additional 379 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new position in shares of BJ’s Wholesale Club during the second quarter worth $66,000. 98.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

BJ has been the topic of several research analyst reports. Roth Mkm raised their price objective on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Wells Fargo & Company upgraded BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $75.00 to $92.00 in a report on Friday, August 23rd. Gordon Haskett raised 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 note on Thursday, May 23rd. Loop Capital lifted their price target on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, July 11th. Finally, DA Davidson upped their price target on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 24th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and an average price target of $86.07.

BJ’s Wholesale Club Trading Down 1.1 %

Shares of BJ’s Wholesale Club stock opened at $80.57 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 cap of $10.68 billion, a PE ratio of 20.93, a PEG ratio of 2.90 and a beta of 0.24. The firm has a 50-day moving average of $84.91 and a 200-day moving average of $81.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) 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 revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 EPS. As a group, sell-side analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.84 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, 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 SEC, which is accessible through this hyperlink. In other news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the sale, the chief executive officer now directly owns 445,792 shares in the company, valued at approximately $35,395,884.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction that occurred 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 $1,133,710.62. The disclosure for this sale can be found here. Insiders have sold 79,438 shares of company stock worth $6,980,938 over 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.