Wellington Management Group LLP Decreases Stock Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Wellington Management Group LLP reduced its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 15.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 216,342 shares of the company’s stock after selling 39,343 shares during the period. Wellington Management Group LLP’s holdings in BJ’s Wholesale Club were worth $17,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Blue Trust Inc. purchased a new position in shares of BJ’s Wholesale Club in the second quarter valued at $25,000. Davis Capital Management purchased a new position in shares of BJ’s Wholesale Club in the third quarter valued at $25,000. UMB Bank n.a. grew its position in shares of BJ’s Wholesale Club by 375.6% in the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after purchasing an additional 293 shares in the last quarter. Reston Wealth Management LLC purchased a new position in shares of BJ’s Wholesale Club in the third quarter valued at $41,000. Finally, Benjamin Edwards Inc. grew its position in shares of BJ’s Wholesale Club by 394.5% in the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock valued at $55,000 after purchasing an additional 501 shares in the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BJ has been the subject of several recent research reports. Jefferies Financial Group lifted their price target on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Wells Fargo & Company lifted their price objective on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Roth Mkm lifted their price objective on BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Finally, UBS Group lifted their price objective on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $93.56.

BJ’s Wholesale Club Trading Down 1.0 %

Shares of BJ stock opened at $97.54 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $90.22 and a two-hundred day moving average price of $87.09. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $64.06 and a 12-month high of $100.74. The firm has a market cap of $12.88 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 4.69 and a beta of 0.29.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.29. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.12 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. Equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current fiscal year.

Insider Transactions at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the transaction, the chief executive officer now owns 423,792 shares in the company, valued at approximately $36,221,502.24. The trade was a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

About BJ’s Wholesale Club

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.