NumerixS Investment Technologies Inc cut its holdings in shares of BJs Wholesale Club Holdings Inc (NYSE:BJ) by 84.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,800 shares of the company’s stock after selling 25,400 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in BJs Wholesale Club were worth $104,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of BJ. PNC Financial Services Group Inc. raised its stake in shares of BJs Wholesale Club by 201.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,165 shares of the company’s stock valued at $26,000 after purchasing an additional 778 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of BJs Wholesale Club in the fourth quarter valued at $73,000. Flagship Harbor Advisors LLC raised its stake in shares of BJs Wholesale Club by 47.1% in the fourth quarter. Flagship Harbor Advisors LLC now owns 3,429 shares of the company’s stock valued at $75,000 after purchasing an additional 1,098 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of BJs Wholesale Club in the fourth quarter valued at $81,000. Finally, Amica Retiree Medical Trust acquired a new position in shares of BJs Wholesale Club in the third quarter valued at $114,000. Institutional investors own 81.61% of the company’s stock.
In other BJs Wholesale Club news, EVP Brian Poulliot sold 40,000 shares of the stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $26.25, for a total value of $1,050,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kirk Saville sold 47,220 shares of the stock in a transaction dated Monday, December 31st. The shares were sold at an average price of $22.08, for a total value of $1,042,617.60. The disclosure for this sale can be found here. Insiders have sold 10,299,319 shares of company stock worth $253,607,591 in the last ninety days.
Shares of BJ opened at $25.94 on Friday. BJs Wholesale Club Holdings Inc has a 12-month low of $19.31 and a 12-month high of $32.92. The firm has a market cap of $3.54 billion and a PE ratio of 22.75.
BJs Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.08. The firm had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.36 billion. The firm’s revenue was down 4.2% compared to the same quarter last year. Analysts forecast that BJs Wholesale Club Holdings Inc will post 1.48 EPS for the current fiscal year.
A number of brokerages have weighed in on BJ. Zacks Investment Research cut BJs Wholesale Club from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. William Blair reiterated an “outperform” rating on shares of BJs Wholesale Club in a research report on Monday, November 26th. Wells Fargo & Co upgraded BJs Wholesale Club from a “market perform” rating to an “outperform” rating and upped their price target for the company from $26.00 to $29.00 in a research report on Tuesday, January 22nd. Nomura lowered their price target on BJs Wholesale Club from $29.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Finally, Morgan Stanley lowered their price target on BJs Wholesale Club from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Friday, November 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. BJs Wholesale Club has an average rating of “Hold” and an average target price of $29.92.
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BJs Wholesale Club Company Profile
BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.
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