Brandywine Global Investment Management LLC Sells 2,740 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Brandywine Global Investment Management LLC reduced its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 6.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 37,362 shares of the company’s stock after selling 2,740 shares during the period. Brandywine Global Investment Management LLC’s holdings in BJ’s Wholesale Club were worth $3,338,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. boosted its stake in BJ’s Wholesale Club by 7.6% in the third quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company’s stock valued at $408,926,000 after acquiring an additional 337,217 shares during the last quarter. State Street Corp boosted its position in shares of BJ’s Wholesale Club by 1.1% in the 3rd quarter. State Street Corp now owns 4,045,590 shares of the company’s stock worth $333,680,000 after purchasing an additional 45,288 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in BJ’s Wholesale Club by 2.9% during the fourth quarter. JPMorgan Chase & Co. now owns 2,571,996 shares of the company’s stock worth $229,808,000 after buying an additional 73,322 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of BJ’s Wholesale Club by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,215,356 shares of the company’s stock valued at $182,770,000 after acquiring an additional 34,940 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of BJ’s Wholesale Club in the 4th quarter valued at approximately $135,344,000. Institutional investors own 98.60% of the company’s stock.

Insider Activity

In related news, EVP William C. Werner sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total transaction of $2,208,200.00. Following the transaction, the executive vice president now directly owns 31,308 shares of the company’s stock, valued at approximately $3,456,716.28. The trade was a 38.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Allan Steele sold 11,813 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the completion of the sale, the director now owns 24,351 shares in the company, valued at approximately $2,619,924.09. This trade represents a 32.67 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BJ has been the subject of several recent analyst reports. Morgan Stanley upped their target price on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the company an “equal weight” rating in a research note on Friday, March 7th. Wells Fargo & Company reiterated an “overweight” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. Citigroup increased their target price on BJ’s Wholesale Club from $101.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, March 7th. DA Davidson lifted their price target on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, Cowen reissued a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and an average target price of $109.94.

BJ’s Wholesale Club Stock Up 0.1 %

NYSE:BJ opened at $115.04 on Thursday. The firm has a market capitalization of $15.15 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $71.81 and a twelve month high of $118.40. The stock’s 50 day moving average price is $106.08 and its two-hundred day moving average price is $95.54.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.07. The firm had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.29 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. Equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.