Janus Henderson Group PLC lowered its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) by 66.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,833 shares of the company’s stock after selling 116,742 shares during the period. Janus Henderson Group PLC’s holdings in BJ’s Wholesale Club were worth $5,794,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. acquired a new stake in BJ’s Wholesale Club in the 4th quarter worth about $25,000. Strive Financial Group LLC acquired a new position in shares of BJ’s Wholesale Club during the 4th quarter valued at about $25,000. Parkside Financial Bank & Trust lifted its holdings in shares of BJ’s Wholesale Club by 147.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 290 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares during the period. Sunbelt Securities Inc. purchased a new position in shares of BJ’s Wholesale Club during the 3rd quarter worth about $34,000. Finally, Leonteq Securities AG acquired a new stake in shares of BJ’s Wholesale Club in the fourth quarter worth approximately $43,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.
BJ’s Wholesale Club Trading Up 0.6%
Shares of BJ opened at $97.23 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $83.21 and a 12 month high of $110.71. The stock’s 50-day moving average is $90.53 and its two-hundred day moving average is $93.78. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.73 and a quick ratio of 0.18. The stock has a market cap of $12.42 billion, a PE ratio of 22.35, a P/E/G ratio of 3.60 and a beta of 0.21.
Wall Street Analyst Weigh In
BJ has been the subject of several research analyst reports. Bank of America started coverage on shares of BJ’s Wholesale Club in a research report on Wednesday, May 20th. They set a “neutral” rating and a $110.00 price target for the company. UBS Group reiterated a “buy” rating and issued a $109.00 price target on shares of BJ’s Wholesale Club in a report on Tuesday, May 26th. JPMorgan Chase & Co. boosted their price objective on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Citigroup dropped their price objective on BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, May 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Wednesday, July 8th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.93.
Get Our Latest Research Report on BJ
Insider Buying and Selling
In other news, CEO Robert W. Eddy sold 73,016 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $100.02, for a total transaction of $7,303,060.32. Following the transaction, the chief executive officer directly owned 282,330 shares of the company’s stock, valued at approximately $28,238,646.60. The trade was a 20.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Scott Schmadeke sold 16,500 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $92.17, for a total transaction of $1,520,805.00. Following the completion of the transaction, the executive vice president owned 20,471 shares of the company’s stock, valued at $1,886,812.07. This trade represents a 44.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.
BJ’s Wholesale Club Company Profile
BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.
Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.
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