BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298,523 shares of the company’s stock after selling 39,955 shares during the period. Nuveen Asset Management LLC owned approximately 0.23% of BJ’s Wholesale Club worth $26,673,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BJ. Envestnet Portfolio Solutions Inc. lifted its position in BJ’s Wholesale Club by 0.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company’s stock worth $1,787,000 after acquiring an additional 105 shares in the last quarter. Lifestyle Asset Management Inc. lifted its position in BJ’s Wholesale Club by 0.8% during the 4th quarter. Lifestyle Asset Management Inc. now owns 13,329 shares of the company’s stock worth $1,191,000 after acquiring an additional 108 shares in the last quarter. Covestor Ltd lifted its position in BJ’s Wholesale Club by 66.5% during the 4th quarter. Covestor Ltd now owns 288 shares of the company’s stock worth $26,000 after acquiring an additional 115 shares in the last quarter. Captrust Financial Advisors lifted its position in BJ’s Wholesale Club by 1.9% during the 4th quarter. Captrust Financial Advisors now owns 7,044 shares of the company’s stock worth $629,000 after acquiring an additional 131 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in BJ’s Wholesale Club by 4.6% during the 4th quarter. Venturi Wealth Management LLC now owns 2,983 shares of the company’s stock worth $267,000 after acquiring an additional 132 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BJ has been the topic of several recent research reports. Argus raised BJ’s Wholesale Club to a “hold” rating in a research report on Friday, April 4th. Robert W. Baird boosted their price target on BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Barclays boosted their price target on BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. The Goldman Sachs Group upped their target price on BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. upped their target price on BJ’s Wholesale Club from $109.00 to $123.00 and gave the company a “neutral” rating in a research report on Friday, May 9th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $112.06.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $116.01 on Friday. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $76.33 and a twelve month high of $121.10. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $15.27 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 4.50 and a beta of 0.59. The business has a 50 day simple moving average of $114.62 and a 200-day simple moving average of $103.51.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.23. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.18 billion. During the same period in the previous year, the business earned $0.85 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insider Activity

In related news, CEO Robert W. Eddy sold 280,400 shares of the company’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the completion of the transaction, the chief executive officer now directly owns 422,033 shares in the company, valued at $48,242,592.23. This represents a 39.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joseph Mcgrail sold 2,100 shares of the company’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total value of $251,454.00. Following the transaction, the senior vice president now owns 14,240 shares of the company’s stock, valued at approximately $1,705,097.60. The trade was a 12.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 328,505 shares of company stock worth $37,452,686. 2.00% of the stock is currently owned by insiders.

BJ’s Wholesale Club Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.