Nordea Investment Management AB lowered its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,988 shares of the company’s stock after selling 376 shares during the period. Nordea Investment Management AB owned about 0.06% of BJ’s Wholesale Club worth $5,654,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its stake in shares of BJ’s Wholesale Club by 1,536.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 409 shares of the company’s stock valued at $30,000 after acquiring an additional 384 shares during the last quarter. IFP Advisors Inc increased its position in shares of BJ’s Wholesale Club by 45.6% in the fourth quarter. IFP Advisors Inc now owns 1,222 shares of the company’s stock valued at $30,000 after acquiring an additional 383 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of BJ’s Wholesale Club during the third quarter valued at about $44,000. Cambridge Trust Co. raised its stake in shares of BJ’s Wholesale Club by 39.5% during the fourth quarter. Cambridge Trust Co. now owns 749 shares of the company’s stock valued at $50,000 after acquiring an additional 212 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of BJ’s Wholesale Club during the first quarter valued at about $50,000. Institutional investors own 93.72% of the company’s stock.
Insider Transactions at BJ’s Wholesale Club
In related news, EVP Jeff Desroches sold 1,716 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $74.83, for a total transaction of $128,408.28. Following the completion of the transaction, the executive vice president now directly owns 91,881 shares in the company, valued at $6,875,455.23. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.
Wall Street Analyst Weigh In
BJ’s Wholesale Club Price Performance
NYSE BJ opened at $72.73 on Thursday. The stock’s fifty day moving average price is $75.25 and its 200 day moving average price is $73.10. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $51.45 and a 1 year high of $80.41. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.67 and a quick ratio of 0.13. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.04 and a beta of 0.48.
BJ’s Wholesale Club (NYSE:BJ – Get Rating) last issued its earnings results on Thursday, March 9th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.11. BJ’s Wholesale Club had a net margin of 2.66% and a return on equity of 60.16%. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the company posted $0.80 earnings per share. The firm’s revenue was up 13.1% compared to the same quarter last year. As a group, equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.
About BJ’s Wholesale Club
BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.
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