Public Employees Retirement System of Ohio Sells 2,386 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Public Employees Retirement System of Ohio decreased its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,907 shares of the company’s stock after selling 2,386 shares during the period. Public Employees Retirement System of Ohio’s holdings in BJ’s Wholesale Club were worth $3,951,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BJ. Creative Planning increased its position in BJ’s Wholesale Club by 10.7% during the second quarter. Creative Planning now owns 9,298 shares of the company’s stock worth $817,000 after acquiring an additional 898 shares during the period. Raymond James & Associates increased its holdings in shares of BJ’s Wholesale Club by 99.9% during the 2nd quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock worth $67,151,000 after purchasing an additional 382,114 shares during the period. Victory Capital Management Inc. increased its holdings in shares of BJ’s Wholesale Club by 3.5% during the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after purchasing an additional 217,385 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of BJ’s Wholesale Club by 123.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,500 shares of the company’s stock valued at $132,000 after buying an additional 828 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its stake in shares of BJ’s Wholesale Club by 7.1% in the third quarter. New York State Teachers Retirement System now owns 149,092 shares of the company’s stock valued at $12,297,000 after buying an additional 9,925 shares during the period. 98.60% of the stock is currently owned by institutional investors.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock opened at $97.54 on Monday. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $64.06 and a 1-year high of $100.74. The firm’s 50-day moving average price is $90.22 and its two-hundred day moving average price is $87.11. 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 stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 4.69 and a beta of 0.29.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, November 21st. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.29. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.12 billion. During the same period in the prior year, the company earned $0.98 EPS. BJ’s Wholesale Club’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total transaction of $921,250.00. Following the transaction, the chief executive officer now directly owns 434,792 shares in the company, valued at approximately $36,413,830. This represents a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BJ shares. UBS Group upped their price target on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Roth Mkm upped their target price on BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Jefferies Financial Group lifted their price target on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Morgan Stanley increased their price objective on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Finally, 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 report on Monday, August 26th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $93.56.

BJ’s Wholesale Club Company 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.