BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) is Walter Public Investments Inc.’s 5th Largest Position

Walter Public Investments Inc. trimmed its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 21.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 266,490 shares of the company’s stock after selling 73,068 shares during the period. BJ’s Wholesale Club accounts for about 4.3% of Walter Public Investments Inc.’s holdings, making the stock its 5th biggest holding. Walter Public Investments Inc. owned approximately 0.20% of BJ’s Wholesale Club worth $23,408,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Fifth Third Bancorp boosted its position in BJ’s Wholesale Club by 9.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock worth $128,000 after purchasing an additional 124 shares during the period. CWM LLC boosted its position in BJ’s Wholesale Club by 7.4% in the 2nd quarter. CWM LLC now owns 1,863 shares of the company’s stock valued at $164,000 after buying an additional 128 shares during the last quarter. Riverwater Partners LLC boosted its position in BJ’s Wholesale Club by 1.1% in the 2nd quarter. Riverwater Partners LLC now owns 12,951 shares of the company’s stock valued at $1,138,000 after buying an additional 135 shares during the last quarter. GAMMA Investing LLC boosted its position in BJ’s Wholesale Club by 11.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,638 shares of the company’s stock valued at $144,000 after buying an additional 162 shares during the last quarter. Finally, LRI Investments LLC boosted its position in BJ’s Wholesale Club by 9.2% in the 2nd quarter. LRI Investments LLC now owns 1,953 shares of the company’s stock valued at $172,000 after buying an additional 165 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Trading Up 0.9 %

NYSE:BJ opened at $81.47 on Monday. The firm has a market capitalization of $10.80 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.90 and a beta of 0.24. The business has a 50 day simple moving average of $85.05 and a 200 day simple moving average of $81.80. 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 Holdings, Inc. has a 12-month low of $63.08 and a 12-month high of $92.37.

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, beating the consensus estimate of $1.00 by $0.09. The company had revenue of $5.21 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. Equities research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. DA Davidson upped their price objective on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 24th. JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Bank of America decreased 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 report on Friday, August 23rd. Robert W. Baird upped their target price on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Finally, Evercore ISI upped their target price on shares of BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a research note on Thursday, June 20th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus 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 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 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 filing with the Securities & Exchange Commission, which is accessible through this link. In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 28,842 shares of BJ’s Wholesale Club stock in a transaction on Friday, July 19th. The stock was sold at an average price of $89.86, for a total transaction of $2,591,742.12. Following the sale, the executive vice president now owns 58,452 shares of the company’s stock, valued at approximately $5,252,496.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Monday, July 1st. The shares were sold at an average price of $86.90, for a total value of $955,900.00. Following the sale, the chief executive officer now directly owns 467,792 shares in the company, valued at approximately $40,651,124.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,438 shares of company stock valued at $6,980,938. Insiders own 2.00% of the company’s stock.

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.