Principal Financial Group Inc. trimmed its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,566,053 shares of the company's stock after selling 58,728 shares during the quarter. Principal Financial Group Inc. owned approximately 1.18% of BJ's Wholesale Club worth $129,168,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. acquired a new position in BJ's Wholesale Club in the 2nd quarter worth approximately $25,000. Davis Capital Management acquired a new position in BJ's Wholesale Club during the third quarter valued at $25,000. UMB Bank n.a. lifted its stake in 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 in the last quarter. Reston Wealth Management LLC acquired a new stake in BJ's Wholesale Club during the 3rd quarter worth about $41,000. Finally, J.Safra Asset Management Corp purchased a new position in BJ's Wholesale Club during the 2nd quarter valued at about $45,000. 98.60% of the stock is owned by hedge funds and other institutional investors.
BJ has been the subject of a number of research analyst reports. Roth Mkm increased their price target on shares of BJ's Wholesale Club from $68.00 to $75.00 and gave the stock a "neutral" rating in a research report on Friday, August 23rd. Melius Research started coverage on shares of BJ's Wholesale Club in a report on Monday, September 23rd. They set a "buy" rating and a $90.00 price target on the stock. JPMorgan Chase & Co. upgraded BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Bank of America lowered their target price on BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, August 23rd. Finally, Wells Fargo & Company raised BJ's Wholesale Club from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $75.00 to $92.00 in a research note on Friday, August 23rd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.33.
Read Our Latest Report on BJ
Shares of BJ's Wholesale Club stock opened at $90.35 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $83.83 and a 200-day simple moving average of $84.41. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 3.22 and a beta of 0.24. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $63.08 and a 1-year high of $92.37.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.09. BJ's Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The company had revenue of $5.21 billion during the quarter, compared to analysts' expectations of $5.15 billion. During the same period in the prior year, the company earned $0.97 earnings per share. The business's quarterly revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current year.
In related news, SVP Joseph Mcgrail sold 1,000 shares of the business's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares of the company's stock, valued at approximately $1,133,710.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Joseph Mcgrail sold 1,000 shares of BJ's Wholesale Club stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the sale, the senior vice president now directly owns 13,566 shares of the company's stock, valued at $1,133,710.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the company's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $85.47, for a total value of $940,170.00. Following the completion of the transaction, the chief executive officer now directly owns 423,792 shares of the company's stock, valued at approximately $36,221,502.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock worth $2,818,390 over the last three months. 2.00% of the stock is currently owned by insiders.
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.
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