Whittier Trust Co. Lowers Stock Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Whittier Trust Co. trimmed its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 90.9% during the first quarter, Holdings Channel.com reports. The fund owned 6,174 shares of the company’s stock after selling 61,616 shares during the period. Whittier Trust Co.’s holdings in BJ’s Wholesale Club were worth $467,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in BJ. Legal & General Group Plc lifted its stake in BJ’s Wholesale Club by 1.4% during the third quarter. Legal & General Group Plc now owns 346,949 shares of the company’s stock worth $24,762,000 after purchasing an additional 4,865 shares in the last quarter. Toroso Investments LLC lifted its stake in BJ’s Wholesale Club by 5.2% during the 3rd quarter. Toroso Investments LLC now owns 13,495 shares of the company’s stock worth $963,000 after acquiring an additional 661 shares in the last quarter. Morgan Stanley boosted its holdings in BJ’s Wholesale Club by 10.3% during the 3rd quarter. Morgan Stanley now owns 3,940,441 shares of the company’s stock valued at $281,229,000 after acquiring an additional 369,317 shares during the period. Spears Abacus Advisors LLC increased its stake in BJ’s Wholesale Club by 658.7% during the third quarter. Spears Abacus Advisors LLC now owns 55,006 shares of the company’s stock worth $3,926,000 after purchasing an additional 47,756 shares during the period. Finally, Comerica Bank acquired a new stake in shares of BJ’s Wholesale Club during the third quarter worth about $8,642,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Up 0.3 %

Shares of NYSE BJ traded up $0.28 during mid-day trading on Tuesday, reaching $88.07. The company had a trading volume of 1,360,755 shares, compared to its average volume of 1,503,346. The firm has a 50 day simple moving average of $84.18 and a two-hundred day simple moving average of $75.56. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $62.28 and a 52-week high of $90.43. The company has a current ratio of 0.74, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26. The stock has a market cap of $11.69 billion, a P/E ratio of 22.80, a PEG ratio of 3.12 and a beta of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, May 23rd. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter last year, the company posted $0.85 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. Sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Robert W. Eddy sold 11,000 shares of the company’s 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 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 legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.90, for a total transaction of $955,900.00. Following the completion of the sale, the chief executive officer now owns 467,792 shares in the company, valued at $40,651,124.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the completion of the transaction, the senior vice president now owns 12,905 shares in the company, valued at approximately $998,459.85. The disclosure for this sale can be found here. Insiders have sold a total of 39,684 shares of company stock valued at $3,316,468 over the last quarter. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BJ shares. UBS Group lifted their price objective on shares of BJ’s Wholesale Club from $89.00 to $97.00 and gave the company a “buy” rating in a report on Friday, May 24th. Loop Capital reaffirmed a “hold” rating and set a $80.00 price objective (down previously from $85.00) on shares of BJ’s Wholesale Club in a research report on Thursday, April 18th. Barclays lifted their target price on BJ’s Wholesale Club from $72.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, May 24th. TD Cowen upped their price target on BJ’s Wholesale Club from $93.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Finally, JPMorgan Chase & Co. lifted their price objective on BJ’s Wholesale Club from $70.00 to $74.00 and gave the company an “underweight” rating in a research note on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $82.06.

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.