Primecap Management Co. CA Sells 11,600 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Primecap Management Co. CA lessened its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 867,700 shares of the company’s stock after selling 11,600 shares during the period. Primecap Management Co. CA owned approximately 0.65% of BJ’s Wholesale Club worth $76,219,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new stake in BJ’s Wholesale Club in the fourth quarter worth $892,000. Thematics Asset Management increased its position in BJ’s Wholesale Club by 1.5% during the fourth quarter. Thematics Asset Management now owns 66,532 shares of the company’s stock valued at $4,435,000 after acquiring an additional 992 shares during the last quarter. GSA Capital Partners LLP bought a new position in BJ’s Wholesale Club during the fourth quarter valued at $2,853,000. BNP Paribas Financial Markets increased its position in BJ’s Wholesale Club by 231.3% during the first quarter. BNP Paribas Financial Markets now owns 222,461 shares of the company’s stock valued at $16,829,000 after acquiring an additional 155,316 shares during the last quarter. Finally, Raymond James & Associates increased its position in BJ’s Wholesale Club by 99.9% during the second quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock valued at $67,151,000 after acquiring an additional 382,114 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BJ. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $76.00 to $78.00 in a research report on Monday, August 26th. UBS Group boosted their price objective on shares of BJ’s Wholesale Club from $89.00 to $97.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Barclays boosted their price objective on shares of BJ’s Wholesale Club from $72.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, May 24th. DA Davidson boosted their target price on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Finally, Roth Mkm upped 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 report on Friday, August 23rd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.07.

BJ’s Wholesale Club Stock Down 0.9 %

Shares of BJ’s Wholesale Club stock opened at $79.86 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $63.08 and a 1 year high of $92.37. The firm’s 50-day moving average is $84.91 and its two-hundred day moving average is $81.85. The stock has a market cap of $10.60 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 2.90 and a beta of 0.25.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results 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. 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 for the quarter, compared to analysts’ expectations of $5.15 billion. During the same period in the prior year, the business earned $0.97 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.84 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.90, for a total value of $955,900.00. Following the sale, the chief executive officer now directly owns 467,792 shares in the company, valued at approximately $40,651,124.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.90, for a total value of $955,900.00. Following the sale, the chief executive officer now directly owns 467,792 shares in the company, valued at approximately $40,651,124.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeff Desroches sold 28,842 shares of the firm’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $89.86, for a total transaction of $2,591,742.12. Following the completion of the sale, the executive vice president now owns 58,452 shares in the company, valued at $5,252,496.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,438 shares of company stock worth $6,980,938. Corporate insiders own 2.00% of the company’s stock.

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.