BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Position Lessened by Vestcor Inc

Vestcor Inc lowered its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 90.0% during the third quarter, HoldingsChannel.com reports. The firm owned 1,221 shares of the company’s stock after selling 11,029 shares during the quarter. Vestcor Inc’s holdings in BJ’s Wholesale Club were worth $101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new stake in shares of BJ’s Wholesale Club in the second quarter worth about $25,000. Davis Capital Management acquired a new stake in shares of BJ’s Wholesale Club in the third quarter worth $25,000. UMB Bank n.a. lifted its stake in shares of BJ’s Wholesale Club by 375.6% in the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after buying an additional 293 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of BJ’s Wholesale Club during the 3rd quarter worth $41,000. Finally, Benjamin Edwards Inc. grew its stake in BJ’s Wholesale Club by 394.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock valued at $55,000 after buying an additional 501 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BJ shares. Morgan Stanley raised their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. Jefferies Financial Group raised their target price on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $76.00 to $78.00 in a research report on Monday, August 26th. UBS Group lifted their target price on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, Wells Fargo & Company boosted their price target on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.56.

Insider Activity at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the completion of the sale, the chief executive officer now directly owns 423,792 shares of the company’s stock, valued at $36,221,502.24. This represents a 2.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock opened at $97.54 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.76 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 Holdings, Inc. has a 12-month low of $64.06 and a 12-month high of $100.74. The stock has a 50-day simple moving average of $90.22 and a 200 day simple moving average of $87.09.

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

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.