Corient Private Wealth LLC Has $3.61 Million Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Corient Private Wealth LLC cut its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 8.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,399 shares of the company’s stock after selling 3,790 shares during the quarter. Corient Private Wealth LLC’s holdings in BJ’s Wholesale Club were worth $3,610,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tortoise Investment Management LLC raised its position in shares of BJ’s Wholesale Club by 78.7% in the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock worth $47,000 after acquiring an additional 233 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of BJ’s Wholesale Club in the 3rd quarter worth about $55,000. UMB Bank n.a. raised its position in shares of BJ’s Wholesale Club by 68.2% in the 4th quarter. UMB Bank n.a. now owns 624 shares of the company’s stock worth $56,000 after acquiring an additional 253 shares in the last quarter. Avior Wealth Management LLC raised its position in shares of BJ’s Wholesale Club by 151.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,168 shares of the company’s stock worth $104,000 after acquiring an additional 703 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of BJ’s Wholesale Club by 34.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,257 shares of the company’s stock worth $113,000 after acquiring an additional 324 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at BJ’s Wholesale Club

In related news, EVP William C. Werner sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total value of $2,208,200.00. Following the transaction, the executive vice president now owns 31,308 shares in the company, valued at approximately $3,456,716.28. This represents a 38.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Allan Steele sold 11,813 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the completion of the transaction, the director now owns 24,351 shares in the company, valued at approximately $2,619,924.09. The trade was a 32.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Price Performance

BJ stock opened at $110.35 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $71.81 and a 52-week high of $118.40. The business has a 50-day simple moving average of $103.26 and a two-hundred day simple moving average of $93.66. The company has a market capitalization of $14.58 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. Research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BJ has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on BJ’s Wholesale Club from $102.00 to $121.00 and gave the stock a “buy” rating in a research report on Monday, March 10th. Cowen reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Loop Capital boosted their target price on BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “hold” rating in a research report on Friday, March 7th. TD Cowen boosted their target price on BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Roth Mkm boosted their target price on BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.71.

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.