Simon Quick Advisors LLC Sells 58,797 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Simon Quick Advisors LLC decreased its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 71.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,004 shares of the company’s stock after selling 58,797 shares during the period. Simon Quick Advisors LLC’s holdings in BJ’s Wholesale Club were worth $2,109,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BJ. Putnam Investments LLC boosted its stake in BJ’s Wholesale Club by 4.3% in the 4th quarter. Putnam Investments LLC now owns 3,647,981 shares of the company’s stock valued at $243,174,000 after buying an additional 150,414 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of BJ’s Wholesale Club by 1.8% in the 1st quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock worth $235,946,000 after purchasing an additional 56,442 shares during the last quarter. Fiduciary Management Inc. WI increased its position in shares of BJ’s Wholesale Club by 17.6% during the 4th quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock worth $167,625,000 after purchasing an additional 377,019 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in BJ’s Wholesale Club by 10.2% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,650,167 shares of the company’s stock valued at $110,000,000 after purchasing an additional 152,870 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in BJ’s Wholesale Club by 17.2% during the second quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock worth $142,721,000 after buying an additional 237,902 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the sale, the chief executive officer now owns 467,792 shares of the company’s stock, valued at approximately $40,651,124.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $86.90, for a total transaction of $955,900.00. Following the completion of the sale, the chief executive officer now directly owns 467,792 shares in the company, valued at approximately $40,651,124.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Graham Luce sold 16,596 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $91.15, for a total value of $1,512,725.40. Following the completion of the transaction, the executive vice president now directly owns 14,131 shares of the company’s stock, valued at approximately $1,288,040.65. The disclosure for this sale can be found here. Insiders have sold a total of 68,438 shares of company stock valued at $6,107,538 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

BJ’s Wholesale Club Stock Performance

NYSE:BJ traded down $1.31 during mid-day trading on Wednesday, hitting $77.77. The stock had a trading volume of 85,868 shares, compared to its average volume of 1,521,204. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $63.08 and a twelve month high of $92.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 2.95 and a beta of 0.23. The company’s 50 day simple moving average is $86.37 and its 200 day simple moving average is $81.34.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. During the same period in the previous year, the firm earned $0.97 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.84 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BJ. Robert W. Baird boosted their target price on BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. UBS Group raised their target price on BJ’s Wholesale Club from $89.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Roth Mkm upped their price target on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. DA Davidson raised their price objective on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Finally, Barclays upped their target price on shares of BJ’s Wholesale Club from $72.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, May 24th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and an average target price of $86.07.

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.