BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) is River Road Asset Management LLC’s 2nd Largest Position

River Road Asset Management LLC trimmed its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 10.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,875,078 shares of the company’s stock after selling 352,844 shares during the quarter. BJ’s Wholesale Club makes up about 3.1% of River Road Asset Management LLC’s holdings, making the stock its 2nd biggest position. River Road Asset Management LLC owned 2.17% of BJ’s Wholesale Club worth $237,136,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. acquired a new position in shares of BJ’s Wholesale Club in the second quarter valued at approximately $25,000. Davis Capital Management purchased a new position in BJ’s Wholesale Club during the 3rd quarter worth $25,000. UMB Bank n.a. lifted its stake in shares of BJ’s Wholesale Club by 375.6% in the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after acquiring an additional 293 shares during the period. Reston Wealth Management LLC purchased a new stake in shares of BJ’s Wholesale Club in the third quarter valued at about $41,000. Finally, J.Safra Asset Management Corp acquired a new position in shares of BJ’s Wholesale Club during the second quarter worth about $45,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Insider Activity

In related news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the sale, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the transaction, the chief executive officer now owns 423,792 shares in the company, valued at approximately $36,221,502.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the transaction, the senior vice president now owns 13,566 shares in the company, valued at approximately $1,133,710.62. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock valued at $2,818,390 in the last 90 days. 2.00% of the stock is currently owned by insiders.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $86.75 on Tuesday. The company has a market capitalization of $11.50 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 3.18 and a beta of 0.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $63.08 and a 1 year high of $92.37. The company’s 50 day simple moving average is $83.11 and its 200 day simple moving average is $84.02.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. The business had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.15 billion. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 earnings per share. On average, sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BJ. Melius Research started coverage on shares of BJ’s Wholesale Club in a research report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price objective for the company. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Loop Capital raised their target price on BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, July 11th. Wells Fargo & Company raised shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $75.00 to $92.00 in a research note on Friday, August 23rd. Finally, Roth Mkm raised their price objective on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $86.31.

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.