Axiom Investors LLC DE Reduces Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Axiom Investors LLC DE lessened its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 49.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,120 shares of the company’s stock after selling 30,915 shares during the quarter. Axiom Investors LLC DE’s holdings in BJ’s Wholesale Club were worth $1,961,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC acquired a new stake in BJ’s Wholesale Club in the 1st quarter valued at approximately $25,000. Parkside Financial Bank & Trust grew its stake in shares of BJ’s Wholesale Club by 1,364.0% in 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 in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of BJ’s Wholesale Club in the 1st quarter valued at $35,000. First Horizon Advisors Inc. lifted its stake in BJ’s Wholesale Club by 41.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 665 shares of the company’s stock worth $42,000 after acquiring an additional 194 shares in the last quarter. Finally, Fortis Capital Advisors LLC purchased a new position in BJ’s Wholesale Club during the 4th quarter valued at about $46,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BJ’s Wholesale Club

In other news, EVP Jeff Desroches sold 33,934 shares of the business’s stock in a transaction dated 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 approximately $5,571,152.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Jeff Desroches sold 33,934 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $68.88, for a total value of $2,337,373.92. Following the completion of the sale, the executive vice president now directly owns 80,882 shares in the company, valued at approximately $5,571,152.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP William C. Werner sold 3,799 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $70.65, for a total value of $268,399.35. Following the completion of the transaction, the executive vice president now directly owns 31,081 shares in the company, valued at $2,195,872.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,653 shares of company stock worth $8,306,084. 2.20% of the stock is owned by insiders.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $63.59 on Tuesday. The company has a market capitalization of $8.50 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 3.16 and a beta of 0.37. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.12 and a current ratio of 0.71. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $60.33 and a 1 year high of $78.88. The company’s 50 day simple moving average is $69.68 and its 200 day simple moving average is $67.06.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Friday, November 17th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.03. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.90 billion. BJ’s Wholesale Club had a return on equity of 47.80% and a net margin of 2.61%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 earnings per share. On average, sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.87 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on BJ. Deutsche Bank Aktiengesellschaft cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and reduced their target price for the company from $79.00 to $71.00 in a report on Monday, November 6th. Loop Capital dropped their target price on BJ’s Wholesale Club from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, August 23rd. Bank of America cut their target price on BJ’s Wholesale Club from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, August 23rd. The Goldman Sachs Group cut BJ’s Wholesale Club from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $75.00 to $73.00 in a research note on Tuesday, October 17th. Finally, UBS Group dropped their price target on shares of 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. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, BJ’s Wholesale Club has an average rating of “Hold” and a consensus target price of $71.31.

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.