Primecap Management Co. CA Decreases Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Primecap Management Co. CA reduced its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 867,700 shares of the company’s stock after selling 11,600 shares during the period. Primecap Management Co. CA’s holdings in BJ’s Wholesale Club were worth $76,219,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Moors & Cabot Inc. raised its position in shares of BJ’s Wholesale Club by 5.9% in the 2nd quarter. Moors & Cabot Inc. now owns 5,386 shares of the company’s stock valued at $473,000 after purchasing an additional 299 shares during the last quarter. Menard Financial Group LLC purchased a new position in BJ’s Wholesale Club during the 2nd quarter worth approximately $223,000. Dimensional Fund Advisors LP raised its position in BJ’s Wholesale Club by 13.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,370,144 shares of the company’s stock worth $120,351,000 after buying an additional 163,526 shares during the last quarter. Envestnet Asset Management Inc. raised its position in BJ’s Wholesale Club by 14.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 659,175 shares of the company’s stock worth $57,902,000 after buying an additional 84,551 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in BJ’s Wholesale Club by 6.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 40,792 shares of the company’s stock worth $3,583,000 after buying an additional 2,491 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BJ’s Wholesale Club

In related news, 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 owns 467,792 shares of the company’s stock, valued at approximately $40,651,124.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s 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 transaction, the chief executive officer now directly owns 467,792 shares in the company, valued at $40,651,124.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the sale, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,438 shares of company stock valued at $6,980,938. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Gordon Haskett raised shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Thursday, May 23rd. Bank of America reduced their price target 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. Evercore ISI raised 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 research report on Thursday, June 20th. Wells Fargo & Company raised shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. Finally, DA Davidson raised their price target on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.07.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock opened at $79.86 on Wednesday. The company’s fifty day moving average price is $84.91 and its 200 day moving average price is $81.85. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $63.08 and a 1 year high of $92.37. The stock has a market capitalization of $10.60 billion, a P/E ratio of 20.74, a P/E/G ratio of 2.90 and a beta of 0.25. 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 released its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The firm had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter last year, the company earned $0.97 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.84 earnings per share for the current fiscal year.

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.