Reinhart Partners LLC. Cuts Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Reinhart Partners LLC. decreased its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 8.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 151,542 shares of the company’s stock after selling 13,222 shares during the quarter. Reinhart Partners LLC. owned 0.11% of BJ’s Wholesale Club worth $12,499,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its holdings in shares of BJ’s Wholesale Club by 9.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock valued at $128,000 after acquiring an additional 124 shares during the last quarter. CWM LLC raised its holdings in BJ’s Wholesale Club by 7.4% during the second quarter. CWM LLC now owns 1,863 shares of the company’s stock worth $164,000 after purchasing an additional 128 shares in the last quarter. Riverwater Partners LLC lifted its position in shares of BJ’s Wholesale Club by 1.1% during the 2nd quarter. Riverwater Partners LLC now owns 12,951 shares of the company’s stock worth $1,138,000 after buying an additional 135 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of BJ’s Wholesale Club by 11.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,638 shares of the company’s stock valued at $144,000 after buying an additional 162 shares in the last quarter. Finally, LRI Investments LLC grew its position in shares of BJ’s Wholesale Club by 9.2% in the 2nd quarter. LRI Investments LLC now owns 1,953 shares of the company’s stock valued at $172,000 after buying an additional 165 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Insider Activity at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $87.60, for a total value 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. The trade was 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 at the SEC website. In other news, EVP Graham Luce sold 16,596 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the completion of the sale, the executive vice president now directly owns 14,131 shares of the company’s stock, valued at $1,288,040.65. 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 link. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $87.60, for a total value of $963,600.00. Following the sale, the chief executive officer now owns 456,792 shares of the company’s stock, valued at approximately $40,014,979.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,438 shares of company stock valued at $6,946,288. Company insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock opened at $86.77 on Friday. The firm has a market capitalization of $11.50 billion, a PE ratio of 21.91, a P/E/G ratio of 3.27 and a beta of 0.25. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.08 and a 52 week high of $92.37. The firm’s 50-day simple moving average is $82.81 and its 200 day simple moving average is $82.92. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data 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. The firm 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 company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. On average, equities research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BJ. Loop Capital upped their target price on BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, July 11th. Bank of America lowered their target price on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Melius Research began coverage on shares of BJ’s Wholesale Club in a research report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target for the company. 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 research report on Monday, August 26th. Finally, Roth Mkm lifted their price objective on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.31.

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.