Amica Mutual Insurance Co. Lowers Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Amica Mutual Insurance Co. trimmed its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,953 shares of the company’s stock after selling 6,666 shares during the quarter. BJ’s Wholesale Club accounts for approximately 1.4% of Amica Mutual Insurance Co.’s portfolio, making the stock its 12th largest holding. Amica Mutual Insurance Co. owned about 0.11% of BJ’s Wholesale Club worth $13,398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of BJ. JPMorgan Chase & Co. increased its holdings in BJ’s Wholesale Club by 2.9% in the 4th quarter. JPMorgan Chase & Co. now owns 2,571,996 shares of the company’s stock valued at $229,808,000 after purchasing an additional 73,322 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of BJ’s Wholesale Club during the 4th quarter valued at about $5,636,000. Florida Financial Advisors LLC acquired a new position in BJ’s Wholesale Club during the 4th quarter worth approximately $222,000. Congress Wealth Management LLC DE raised its stake in shares of BJ’s Wholesale Club by 8.0% during the fourth quarter. Congress Wealth Management LLC DE now owns 44,910 shares of the company’s stock valued at $4,013,000 after purchasing an additional 3,320 shares during the period. Finally, Stevens Capital Management LP purchased a new stake in shares of BJ’s Wholesale Club during the fourth quarter valued at approximately $497,000. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Trading Up 0.9 %

Shares of NYSE:BJ opened at $110.51 on Thursday. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $71.81 and a 1-year high of $118.40. The stock has a market capitalization of $14.55 billion, a price-to-earnings ratio of 26.56, a PEG 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. The company has a 50 day moving average price of $104.24 and a 200 day moving average price of $94.34.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. The business had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. On average, research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BJ. UBS Group raised their price target on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the company a “buy” rating in a report on Friday, March 7th. Cowen reiterated a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. The Goldman Sachs Group raised their target price on BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Finally, TD Cowen upped their target price on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $108.71.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, EVP William C. Werner sold 20,000 shares of BJ’s Wholesale Club stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total transaction of $2,208,200.00. Following the completion of the sale, the executive vice president now directly owns 31,308 shares in the company, valued at $3,456,716.28. The trade was a 38.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Allan Steele sold 11,813 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the transaction, the director now owns 24,351 shares in the company, valued at approximately $2,619,924.09. This trade represents 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.

About BJ’s Wholesale Club

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.