Bessemer Securities LLC Sells 1,200 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Bessemer Securities LLC lowered its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,478 shares of the company’s stock after selling 1,200 shares during the period. BJ’s Wholesale Club comprises about 1.0% of Bessemer Securities LLC’s investment portfolio, making the stock its 21st biggest holding. Bessemer Securities LLC’s holdings in BJ’s Wholesale Club were worth $1,542,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BJ. Ameritas Advisory Services LLC bought a new stake in BJ’s Wholesale Club in the first quarter valued at $25,000. Parkside Financial Bank & Trust increased its position in shares of BJ’s Wholesale Club by 1,364.0% during the first quarter. Parkside Financial Bank & Trust now owns 366 shares of the company’s stock valued at $28,000 after buying an additional 341 shares during the period. Harvest Fund Management Co. Ltd bought a new position in BJ’s Wholesale Club in the first quarter worth about $35,000. First Horizon Advisors Inc. lifted its holdings in BJ’s Wholesale Club by 41.2% in the second quarter. First Horizon Advisors Inc. now owns 665 shares of the company’s stock worth $42,000 after buying an additional 194 shares during the period. Finally, Fortis Capital Advisors LLC bought a new stake in BJ’s Wholesale Club during the 4th quarter valued at approximately $46,000. Institutional investors own 98.60% of the company’s stock.

Insider Activity

In related news, EVP Jeff Desroches sold 33,934 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $68.88, for a total transaction of $2,337,373.92. Following the completion of the sale, the executive vice president now owns 80,882 shares in the company, valued at $5,571,152.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Jeff Desroches sold 33,934 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $68.88, for a total value of $2,337,373.92. Following the transaction, the executive vice president now owns 80,882 shares of the company’s stock, valued at $5,571,152.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP William C. Werner sold 890 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $72.47, for a total transaction of $64,498.30. Following the sale, the executive vice president now directly owns 29,357 shares of the company’s stock, valued at $2,127,501.79. The disclosure for this sale can be found here. Insiders have sold 118,653 shares of company stock valued at $8,306,084 in the last ninety days. 2.20% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Stock Performance

NYSE:BJ traded down $0.47 during mid-day trading on Monday, reaching $63.88. The company’s stock had a trading volume of 289,771 shares, compared to its average volume of 1,756,319. The company has a current ratio of 0.71, a quick ratio of 0.12 and a debt-to-equity ratio of 0.36. The stock has a market cap of $8.54 billion, a P/E ratio of 17.30, a PEG ratio of 3.16 and a beta of 0.37. The firm’s fifty day moving average price is $69.75 and its two-hundred day moving average price is $67.13. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $60.33 and a 12-month high of $78.88.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Friday, November 17th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.03. BJ’s Wholesale Club had a net margin of 2.61% and a return on equity of 47.80%. The firm had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the previous year, the company earned $0.99 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on BJ. Loop Capital lowered their price objective on BJ’s Wholesale Club from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, August 23rd. Morgan Stanley dropped their price objective on shares of BJ’s Wholesale Club from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 23rd. Deutsche Bank Aktiengesellschaft lowered shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and lowered their target price for the company from $79.00 to $71.00 in a report on Monday, November 6th. UBS Group cut their price target on BJ’s Wholesale Club from $83.00 to $81.00 and set a “buy” rating on the stock in a research note on Wednesday, August 23rd. Finally, The Goldman Sachs Group cut BJ’s Wholesale Club from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $75.00 to $73.00 in a research note on Tuesday, October 17th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $72.33.

About BJ’s Wholesale Club

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides perishable, general merchandise, gasoline, coupon books, promotions, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.