Congress Asset Management Co. MA Trims Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Congress Asset Management Co. MA trimmed its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 7.0% in the 4th quarter, HoldingsChannel reports. The fund owned 1,395,658 shares of the company’s stock after selling 104,445 shares during the quarter. Congress Asset Management Co. MA’s holdings in BJ’s Wholesale Club were worth $93,035,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in BJ’s Wholesale Club by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 812,783 shares of the company’s stock worth $54,180,000 after acquiring an additional 20,820 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in BJ’s Wholesale Club during the 4th quarter valued at approximately $892,000. Russell Investments Group Ltd. grew its holdings in BJ’s Wholesale Club by 46.0% during the 4th quarter. Russell Investments Group Ltd. now owns 54,043 shares of the company’s stock valued at $3,603,000 after buying an additional 17,024 shares in the last quarter. Thematics Asset Management grew its holdings in BJ’s Wholesale Club by 1.5% during the 4th quarter. Thematics Asset Management now owns 66,532 shares of the company’s stock valued at $4,435,000 after buying an additional 992 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in BJ’s Wholesale Club during the 4th quarter valued at approximately $5,745,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. TD Cowen raised their target price on shares of BJ’s Wholesale Club from $93.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 24th. The Goldman Sachs Group upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $81.00 to $87.00 in a research report on Monday, April 8th. UBS Group boosted their price target on shares of BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Bank of America boosted their price target on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Finally, Barclays boosted their price target 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. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $81.88.

BJ’s Wholesale Club Trading Down 1.6 %

Shares of NYSE BJ traded down $1.37 during mid-day trading on Friday, reaching $86.79. The company had a trading volume of 1,274,368 shares, compared to its average volume of 1,738,660. The business’s 50-day moving average is $80.33 and its 200-day moving average is $72.94. The company has a current ratio of 0.74, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 3.13 and a beta of 0.24. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $60.45 and a 52 week high of $89.40.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, May 23rd. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.86 billion. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. Equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

Insider Transactions at BJ’s Wholesale Club

In related news, EVP Jeff Desroches sold 14,106 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $86.00, for a total value of $1,213,116.00. Following the completion of the sale, the executive vice president now directly owns 87,294 shares of the company’s stock, valued at $7,507,284. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 14,106 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $86.00, for a total transaction of $1,213,116.00. Following the completion of the sale, the executive vice president now directly owns 87,294 shares of the company’s stock, valued at $7,507,284. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the sale, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at $998,459.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,684 shares of company stock worth $3,204,268. Insiders own 2.00% of the company’s stock.

About BJ’s Wholesale Club

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.