Oppenheimer Asset Management Inc. Sells 522 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Oppenheimer Asset Management Inc. lessened its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 40,270 shares of the company’s stock after selling 522 shares during the period. Oppenheimer Asset Management Inc.’s holdings in BJ’s Wholesale Club were worth $3,321,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of BJ’s Wholesale Club by 2.2% during the first quarter. US Bancorp DE now owns 33,686 shares of the company’s stock valued at $2,548,000 after purchasing an additional 715 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in BJ’s Wholesale Club by 4.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 104,110 shares of the company’s stock valued at $7,920,000 after acquiring an additional 4,004 shares during the period. Seven Eight Capital LP purchased a new stake in shares of BJ’s Wholesale Club during the 1st quarter valued at about $3,983,000. Bessemer Group Inc. grew its stake in shares of BJ’s Wholesale Club by 1.8% in the first quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock worth $235,946,000 after acquiring an additional 56,442 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its holdings in shares of BJ’s Wholesale Club by 1.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 98,280 shares of the company’s stock valued at $7,435,000 after purchasing an additional 1,794 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 news, 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 transaction, the senior vice president now owns 13,566 shares in the company, valued at $1,133,710.62. This trade represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the completion of the sale, the chief executive officer now directly owns 445,792 shares in the company, valued at $35,395,884.80. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,000 shares of company stock valued at $2,818,390. 2.00% of the stock is owned by company insiders.

BJ’s Wholesale Club Stock Performance

Shares of NYSE BJ opened at $87.23 on Friday. The stock has a market cap of $11.57 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 3.23 and a beta of 0.24. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $63.08 and a 1 year high of $92.37. The firm has a fifty day moving average price of $84.80 and a 200-day moving average price of $84.84. 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 (NYSE:BJ) last issued 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. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same quarter in the prior year, the business posted $0.97 EPS. BJ’s Wholesale Club’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BJ has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their target price on shares of BJ’s Wholesale Club from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday. Melius Research assumed coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price objective for the company. Bank of America lowered their target price on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Roth Mkm boosted their price target on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Finally, JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $76.00 to $78.00 in a research note on Monday, August 26th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $88.94.

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.