BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. cut its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 35.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 97,413 shares of the company’s stock after selling 54,129 shares during the quarter. Reinhart Partners LLC. owned about 0.07% of BJ’s Wholesale Club worth $8,704,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BJ. Private Advisor Group LLC lifted its holdings in shares of BJ’s Wholesale Club by 3.8% in the 2nd quarter. Private Advisor Group LLC now owns 5,640 shares of the company’s stock valued at $495,000 after buying an additional 207 shares during the period. Quest Partners LLC grew its stake in shares of BJ’s Wholesale Club by 174.6% during the 2nd quarter. Quest Partners LLC now owns 2,927 shares of the company’s stock worth $257,000 after purchasing an additional 1,861 shares during the period. American Century Companies Inc. increased its holdings in shares of BJ’s Wholesale Club by 94.3% in the 2nd quarter. American Century Companies Inc. now owns 165,948 shares of the company’s stock valued at $14,577,000 after purchasing an additional 80,547 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in BJ’s Wholesale Club during the second quarter worth about $128,000. Finally, Oppenheimer Asset Management Inc. increased its holdings in BJ’s Wholesale Club by 6.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 40,792 shares of the company’s stock valued at $3,583,000 after buying an additional 2,491 shares in the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the sale, the chief executive officer now directly owns 423,792 shares of the company’s stock, valued at $36,221,502.24. This represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

BJ has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Jefferies Financial Group upped their price target on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. TD Cowen lifted their price objective on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. UBS Group lifted their price objective on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Morgan Stanley raised their price target 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. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $94.00.

BJ’s Wholesale Club Stock Performance

Shares of NYSE:BJ traded down $0.47 during midday trading on Monday, hitting $96.10. The company’s stock had a trading volume of 936,394 shares, compared to its average volume of 1,580,445. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $64.06 and a fifty-two week high of $100.74. 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 stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 4.69 and a beta of 0.32. The stock’s 50 day simple moving average is $92.83 and its 200 day simple moving average is $87.75.

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

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.