Federated Hermes Inc. Sells 356 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Federated Hermes Inc. reduced its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 2.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,417 shares of the company’s stock after selling 356 shares during the quarter. Federated Hermes Inc.’s holdings in BJ’s Wholesale Club were worth $1,091,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BJ. Dimensional Fund Advisors LP grew its position in BJ’s Wholesale Club by 3.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,194,806 shares of the company’s stock worth $79,649,000 after buying an additional 44,472 shares in the last quarter. Norges Bank purchased a new position in shares of BJ’s Wholesale Club during the fourth quarter worth about $81,646,000. Trexquant Investment LP bought a new position in shares of BJ’s Wholesale Club in the fourth quarter worth approximately $2,250,000. Quest Partners LLC purchased a new stake in BJ’s Wholesale Club in the fourth quarter valued at approximately $400,000. Finally, Assetmark Inc. lifted its position in BJ’s Wholesale Club by 26.5% during the fourth quarter. Assetmark Inc. now owns 2,667 shares of the company’s stock valued at $178,000 after purchasing an additional 559 shares during the last quarter. Hedge funds and other institutional investors 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 that occurred on Monday, July 1st. The stock was sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the sale, the chief executive officer now owns 467,792 shares in the company, valued at approximately $40,651,124.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $86.90, for a total transaction of $955,900.00. Following the transaction, the chief executive officer now directly owns 467,792 shares of the company’s stock, valued at approximately $40,651,124.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was 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 directly 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 a total of 79,438 shares of company stock worth $6,980,938 in the last 90 days. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Evercore ISI increased their price target on shares of 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. Loop Capital raised their price target on BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, July 11th. Bank of America cut their price objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Wells Fargo & Company upgraded BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $75.00 to $92.00 in a research report on Friday, August 23rd. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, BJ’s Wholesale Club has an average rating of “Moderate Buy” and a consensus price target of $86.07.

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 debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $63.08 and a 52-week high of $92.37. The company’s 50 day moving average price is $84.17 and its 200-day moving average price is $82.02. The stock has a market capitalization of $10.75 billion, a price-to-earnings 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 announced its quarterly 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 business 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 company’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. Equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.84 EPS for the current year.

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.