BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Stock Holdings Lifted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 3.2% in the third quarter, HoldingsChannel reports. The firm owned 5,688 shares of the company’s stock after acquiring an additional 176 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in BJ’s Wholesale Club were worth $469,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Planning grew its holdings in shares of BJ’s Wholesale Club by 10.7% during the second quarter. Creative Planning now owns 9,298 shares of the company’s stock valued at $817,000 after buying an additional 898 shares in the last quarter. Raymond James & Associates increased its holdings in shares of BJ’s Wholesale Club by 99.9% in the 2nd quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock valued at $67,151,000 after purchasing an additional 382,114 shares during the period. Tidal Investments LLC increased its holdings in shares of BJ’s Wholesale Club by 96.8% in the 1st quarter. Tidal Investments LLC now owns 19,840 shares of the company’s stock valued at $1,501,000 after purchasing an additional 9,759 shares during the period. LVW Advisors LLC acquired a new stake in shares of BJ’s Wholesale Club during the second quarter worth approximately $589,000. Finally, Bayesian Capital Management LP purchased a new position in BJ’s Wholesale Club during the first quarter valued at approximately $908,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the transaction, the chief executive officer now directly owns 423,792 shares in the company, valued at $36,221,502.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $85.47, for a total value of $940,170.00. Following the sale, the chief executive officer now owns 423,792 shares of the company’s stock, valued at $36,221,502.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at $1,133,710.62. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,000 shares of company stock worth $2,818,390. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BJ shares. Wells Fargo & Company upgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. Melius Research assumed coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective for the company. Roth Mkm boosted their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Finally, Bank of America reduced their price target on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $87.33.

BJ’s Wholesale Club Stock Performance

BJ opened at $90.35 on Friday. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $83.83 and its two-hundred day moving average price is $84.41. The firm has a market capitalization of $11.98 billion, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 3.22 and a beta of 0.24. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $63.08 and a 12-month high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. During the same quarter in the previous year, the firm posted $0.97 earnings per share. BJ’s Wholesale Club’s revenue was up 4.9% compared to the same quarter last year. On average, equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current year.

BJ’s Wholesale Club 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.