Victory Capital Management Inc. Sells 21,269 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Victory Capital Management Inc. lowered its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,221,973 shares of the company’s stock after selling 21,269 shares during the quarter. BJ’s Wholesale Club accounts for 0.5% of Victory Capital Management Inc.’s investment portfolio, making the stock its 16th largest holding. Victory Capital Management Inc. owned 4.69% of BJ’s Wholesale Club worth $546,538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BJ. Blue Trust Inc. purchased a new stake in BJ’s Wholesale Club during the second quarter valued at about $25,000. Rise Advisors LLC bought a new stake in shares of BJ’s Wholesale Club in the first quarter valued at approximately $26,000. Eagle Bay Advisors LLC purchased a new stake in shares of BJ’s Wholesale Club during the 4th quarter valued at approximately $40,000. J.Safra Asset Management Corp bought a new position in BJ’s Wholesale Club in the 2nd quarter worth approximately $45,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in BJ’s Wholesale Club by 103.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 745 shares of the company’s stock worth $65,000 after buying an additional 379 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

BJ stock opened at $78.28 on Friday. The firm has a 50 day simple moving average of $85.99 and a two-hundred day simple moving average of $81.30. The stock has a market cap of $10.39 billion, a PE ratio of 20.33, a P/E/G ratio of 2.95 and a beta of 0.23. BJ’s Wholesale Club Holdings, Inc. has a one year low of $63.08 and a one year high of $92.37. 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 (NYSE:BJ) last announced its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The company had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same period in the previous year, the business earned $0.97 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.84 EPS for the current fiscal year.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $86.90, for a total transaction of $955,900.00. Following the transaction, the chief executive officer now directly owns 467,792 shares of the company’s stock, valued at $40,651,124.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were 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 $40,651,124.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Jeff Desroches sold 28,842 shares of BJ’s Wholesale Club stock in a transaction dated 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 transaction, the executive vice president now owns 58,452 shares in the company, valued at approximately $5,252,496.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,438 shares of company stock valued at $6,980,938. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Evercore ISI increased their target price on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a research report on Thursday, June 20th. Loop Capital raised their target price on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, July 11th. Roth Mkm lifted their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. DA Davidson increased their price target on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Finally, Barclays boosted their price objective on shares of BJ’s Wholesale Club from $72.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, May 24th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.07.

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.