Retirement Systems of Alabama Sells 2,896 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Retirement Systems of Alabama reduced its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 310,010 shares of the company’s stock after selling 2,896 shares during the quarter. Retirement Systems of Alabama owned approximately 0.23% of BJ’s Wholesale Club worth $25,570,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of BJ. CWM LLC boosted its position in BJ’s Wholesale Club by 7.4% during the second quarter. CWM LLC now owns 1,863 shares of the company’s stock valued at $164,000 after acquiring an additional 128 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of BJ’s Wholesale Club during the 2nd quarter valued at about $397,000. Sequoia Financial Advisors LLC acquired a new stake in BJ’s Wholesale Club during the second quarter worth approximately $233,000. Wealth Enhancement Advisory Services LLC increased its holdings in BJ’s Wholesale Club by 6.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 5,512 shares of the company’s stock worth $484,000 after purchasing an additional 339 shares in the last quarter. Finally, Blue Trust Inc. acquired a new position in BJ’s Wholesale Club in the second quarter valued at approximately $25,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. TD Cowen raised their price objective 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. JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Bank of America decreased 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 note on Friday, August 23rd. Morgan Stanley boosted their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Finally, Jefferies Financial Group raised their price target on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $93.56.

BJ’s Wholesale Club Stock Down 1.0 %

Shares of NYSE BJ opened at $97.54 on Friday. The business’s fifty day moving average price is $90.22 and its 200-day moving average price is $87.09. BJ’s Wholesale Club Holdings, Inc. has a one year low of $64.06 and a one year high of $100.74. The stock has a market capitalization of $12.88 billion, a PE ratio of 23.45, a P/E/G ratio of 4.69 and a beta of 0.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, November 21st. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.89 by $0.29. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. On average, equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current year.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the completion of the transaction, the chief executive officer now owns 423,792 shares in the company, valued at $36,221,502.24. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by company insiders.

BJ’s Wholesale Club Company 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.