BJ’s Wholesale Club Holdings, Inc. $BJ Shares Sold by Woodley Farra Manion Portfolio Management Inc.

Woodley Farra Manion Portfolio Management Inc. lowered its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 2.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 683,362 shares of the company’s stock after selling 18,748 shares during the quarter. BJ’s Wholesale Club comprises approximately 3.0% of Woodley Farra Manion Portfolio Management Inc.’s investment portfolio, making the stock its 14th largest holding. Woodley Farra Manion Portfolio Management Inc.’s holdings in BJ’s Wholesale Club were worth $63,724,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of BJ. Franklin Resources Inc. increased its stake in BJ’s Wholesale Club by 2.2% during the 2nd quarter. Franklin Resources Inc. now owns 5,712,353 shares of the company’s stock valued at $615,963,000 after purchasing an additional 121,183 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of BJ’s Wholesale Club by 31.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,791,602 shares of the company’s stock valued at $446,817,000 after buying an additional 1,152,591 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of BJ’s Wholesale Club by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,997,697 shares of the company’s stock valued at $323,242,000 after acquiring an additional 11,203 shares during the period. Select Equity Group L.P. raised its stake in BJ’s Wholesale Club by 38.6% in the 2nd quarter. Select Equity Group L.P. now owns 2,411,459 shares of the company’s stock worth $260,028,000 after acquiring an additional 672,122 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in BJ’s Wholesale Club by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 2,352,465 shares of the company’s stock worth $253,709,000 after acquiring an additional 29,076 shares during the period. 98.60% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, EVP William C. Werner sold 7,000 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $91.09, for a total transaction of $637,630.00. Following the completion of the transaction, the executive vice president directly owned 50,498 shares in the company, valued at approximately $4,599,862.82. This represents a 12.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Price Performance

BJ stock traded down $1.11 during mid-day trading on Friday, reaching $98.08. 29,842 shares of the company’s stock were exchanged, compared to its average volume of 1,863,537. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.79 and a quick ratio of 0.16. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $86.68 and a 12-month high of $121.10. The stock’s 50 day moving average is $94.76 and its 200 day moving average is $95.07. The company has a market cap of $12.83 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 2.56 and a beta of 0.36.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Friday, November 21st. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.07. BJ’s Wholesale Club had a return on equity of 28.66% and a net margin of 2.72%.The business had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the previous year, the business earned $1.18 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. On average, research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. TD Cowen reissued a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, November 24th. BTIG Research reiterated a “buy” rating and issued a $120.00 target price on shares of BJ’s Wholesale Club in a research report on Friday, November 21st. Robert W. Baird reduced their price target on shares of BJ’s Wholesale Club from $130.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Citigroup restated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday. Finally, Wells Fargo & Company cut their price objective on shares of BJ’s Wholesale Club from $120.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 12th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $107.63.

About BJ’s Wholesale Club

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.