Wellington Management Group LLP Has $17.84 Million Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Wellington Management Group LLP trimmed its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 15.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,342 shares of the company’s stock after selling 39,343 shares during the quarter. Wellington Management Group LLP owned about 0.16% of BJ’s Wholesale Club worth $17,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp lifted its stake 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 valued at $333,680,000 after purchasing an additional 45,288 shares during the period. Quantinno Capital Management LP lifted its stake in shares of BJ’s Wholesale Club by 44.6% in the 3rd quarter. Quantinno Capital Management LP now owns 23,900 shares of the company’s stock valued at $1,971,000 after purchasing an additional 7,374 shares during the period. Royal London Asset Management Ltd. raised its stake in BJ’s Wholesale Club by 0.5% during the 3rd quarter. Royal London Asset Management Ltd. now owns 428,632 shares of the company’s stock worth $35,354,000 after buying an additional 1,990 shares during the period. Menard Financial Group LLC raised its stake in BJ’s Wholesale Club by 10.5% during the 3rd quarter. Menard Financial Group LLC now owns 2,805 shares of the company’s stock worth $231,000 after buying an additional 266 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its holdings in BJ’s Wholesale Club by 5.2% in the third quarter. Integrated Wealth Concepts LLC now owns 2,710 shares of the company’s stock worth $224,000 after acquiring an additional 133 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $97.54 on Friday. 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 company has a market capitalization of $12.88 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 4.69 and a beta of 0.29. The stock has a 50 day moving average of $90.22 and a 200 day moving average of $87.09. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $64.06 and a 12 month high of $100.74.

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

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the firm’s 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 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 trade represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Jefferies Financial Group increased their price target on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Melius Research assumed coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target on the stock. UBS Group increased their price target on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Morgan Stanley increased their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Friday, November 22nd. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and a consensus target price of $93.56.

BJ’s Wholesale Club 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.