Connor Clark & Lunn Investment Management Ltd. Sells 28,350 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Connor Clark & Lunn Investment Management Ltd. cut its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 35.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,469 shares of the company’s stock after selling 28,350 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in BJ’s Wholesale Club were worth $4,328,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BJ. Victory Capital Management Inc. boosted its holdings in shares of BJ’s Wholesale Club by 3.5% during the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock valued at $531,118,000 after buying an additional 217,385 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of BJ’s Wholesale Club by 158.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock worth $368,044,000 after buying an additional 2,571,709 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of BJ’s Wholesale Club by 17.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock worth $142,721,000 after buying an additional 237,902 shares during the last quarter. TimesSquare Capital Management LLC increased its position in BJ’s Wholesale Club by 14.4% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,471,978 shares of the company’s stock valued at $121,409,000 after buying an additional 184,966 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in BJ’s Wholesale Club by 13.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,370,144 shares of the company’s stock valued at $120,351,000 after buying an additional 163,526 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total transaction of $921,250.00. Following the sale, the chief executive officer now owns 434,792 shares in the company, valued at approximately $36,413,830. This trade represents a 2.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,133,710.62. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock valued at $2,818,390 in the last 90 days. Company insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Trading Up 4.3 %

BJ’s Wholesale Club stock opened at $96.74 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $63.73 and a 52-week high of $97.53. The company has a market cap of $12.83 billion, a P/E ratio of 23.25, a P/E/G ratio of 4.43 and a beta of 0.24. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The business has a 50-day simple moving average of $85.83 and a two-hundred day simple moving average of $85.40.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 earnings per share. Analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.9 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. TD Cowen raised their price target on BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “buy” rating in a report on Friday. Roth Mkm upped their target price on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Bank of America cut their price target on shares of 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. UBS Group boosted their price objective on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday. Finally, Melius Research initiated coverage on BJ’s Wholesale Club in a research note on Monday, September 23rd. They set a “buy” rating and a $90.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and a consensus target price of $92.50.

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.