Oak Ridge Investments LLC Sells 1,265 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Oak Ridge Investments LLC lowered its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 2.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 44,920 shares of the company’s stock after selling 1,265 shares during the period. Oak Ridge Investments LLC’s holdings in BJ’s Wholesale Club were worth $3,705,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in BJ. Blue Trust Inc. acquired a new position in shares of BJ’s Wholesale Club in the 2nd quarter valued at $25,000. Davis Capital Management acquired a new position in BJ’s Wholesale Club in the third quarter worth about $25,000. UMB Bank n.a. lifted its stake in BJ’s Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after purchasing an additional 293 shares during the period. Reston Wealth Management LLC acquired a new stake in BJ’s Wholesale Club during the third quarter valued at approximately $41,000. Finally, J.Safra Asset Management Corp acquired a new position in shares of BJ’s Wholesale Club in the 2nd quarter worth approximately $45,000. 98.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on BJ shares. Loop Capital lifted their price objective on BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, July 11th. Roth Mkm lifted their price target on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Melius Research assumed coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective on the stock. JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Finally, Wells Fargo & Company raised BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $75.00 to $92.00 in a report on Friday, August 23rd. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $86.31.

BJ’s Wholesale Club Price Performance

Shares of BJ stock opened at $84.73 on Friday. The firm’s 50 day moving average price is $83.05 and its two-hundred day moving average price is $83.84. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $63.08 and a 52-week high of $92.37. The stock has a market cap of $11.23 billion, a PE ratio of 21.40, a PEG ratio of 3.15 and a beta of 0.25.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data 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 the consensus estimate 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 revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 earnings per share. As a group, analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total value of $921,250.00. Following the completion of the transaction, the chief executive officer now owns 434,792 shares of the company’s stock, valued at $36,413,830. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Joseph Mcgrail sold 1,000 shares of the 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 sale, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert W. Eddy sold 11,000 shares of the company’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 completion of the transaction, the chief executive officer now owns 434,792 shares of the company’s stock, valued at $36,413,830. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,000 shares of company stock worth $1,878,220. Company insiders own 2.00% of the company’s stock.

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.