BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Rheos Capital Works Inc.

Rheos Capital Works Inc. lowered its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 43.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 129,000 shares of the company’s stock after selling 100,000 shares during the quarter. Rheos Capital Works Inc.’s holdings in BJ’s Wholesale Club were worth $10,640,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Fifth Third Bancorp raised its position in BJ’s Wholesale Club by 9.3% in the second quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock worth $128,000 after acquiring an additional 124 shares in the last quarter. CWM LLC raised its position in BJ’s Wholesale Club by 7.4% in the second quarter. CWM LLC now owns 1,863 shares of the company’s stock worth $164,000 after acquiring an additional 128 shares in the last quarter. Riverwater Partners LLC raised its position in BJ’s Wholesale Club by 1.1% in the second quarter. Riverwater Partners LLC now owns 12,951 shares of the company’s stock worth $1,138,000 after acquiring an additional 135 shares in the last quarter. GAMMA Investing LLC raised its position in BJ’s Wholesale Club by 11.0% in the second quarter. GAMMA Investing LLC now owns 1,638 shares of the company’s stock worth $144,000 after acquiring an additional 162 shares in the last quarter. Finally, LRI Investments LLC raised its position in BJ’s Wholesale Club by 9.2% in the second quarter. LRI Investments LLC now owns 1,953 shares of the company’s stock worth $172,000 after acquiring an additional 165 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Roth Mkm boosted their price objective on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Bank of America cut their price objective 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. Wells Fargo & Company upgraded BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $75.00 to $92.00 in a report on Friday, August 23rd. Finally, Loop Capital boosted their price objective on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, July 11th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.31.

BJ’s Wholesale Club Trading Down 0.9 %

NYSE:BJ opened at $86.17 on Thursday. 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 Holdings, Inc. has a fifty-two week low of $63.08 and a fifty-two week high of $92.37. The stock’s 50-day moving average is $82.90 and its two-hundred day moving average is $83.19. The stock has a market cap of $11.44 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 3.27 and a beta of 0.25.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating the consensus estimate 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 return on equity of 36.12% and a net margin of 2.62%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 EPS. As a group, equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current fiscal year.

Insider Activity at BJ’s Wholesale Club

In related news, EVP Jeff Desroches sold 28,842 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $89.86, for a total value of $2,591,742.12. Following the completion of the sale, the executive vice president now owns 58,452 shares of the company’s stock, valued at approximately $5,252,496.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $87.60, for a total transaction of $963,600.00. Following the completion of the sale, the chief executive officer now owns 456,792 shares of the company’s stock, valued at $40,014,979.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeff Desroches sold 28,842 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $89.86, for a total value of $2,591,742.12. Following the sale, the executive vice president now directly owns 58,452 shares of the company’s stock, valued at $5,252,496.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,842 shares of company stock valued at $5,433,562. 2.00% of the stock is owned by corporate insiders.

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.