Moors & Cabot Inc. Purchases 299 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Moors & Cabot Inc. grew its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 5.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,386 shares of the company’s stock after purchasing an additional 299 shares during the period. Moors & Cabot Inc.’s holdings in BJ’s Wholesale Club were worth $473,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BJ. Menard Financial Group LLC purchased a new stake in shares of BJ’s Wholesale Club in the 2nd quarter valued at $223,000. Dimensional Fund Advisors LP increased its holdings in shares of BJ’s Wholesale Club by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,370,144 shares of the company’s stock worth $120,351,000 after buying an additional 163,526 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of BJ’s Wholesale Club by 14.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 659,175 shares of the company’s stock valued at $57,902,000 after acquiring an additional 84,551 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in BJ’s Wholesale Club by 6.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 40,792 shares of the company’s stock valued at $3,583,000 after acquiring an additional 2,491 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new position in BJ’s Wholesale Club in the 2nd quarter worth approximately $128,000. Institutional investors own 98.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Wells Fargo & Company raised shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $75.00 to $92.00 in a research note on Friday, August 23rd. Gordon Haskett upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Thursday, May 23rd. Barclays increased their price objective on BJ’s Wholesale Club from $72.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, May 24th. Finally, TD Cowen upped their target price on BJ’s Wholesale Club from $93.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 24th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and a consensus target price of $86.07.

BJ’s Wholesale Club Stock Up 0.9 %

Shares of BJ’s Wholesale Club stock opened at $80.95 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $63.08 and a 1 year high of $92.37. The firm has a market cap of $10.74 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 2.90 and a beta of 0.25. The company has a 50-day moving average of $84.55 and a 200 day moving average of $81.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $0.97 earnings per share. As a group, sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the completion of the transaction, the chief executive officer now directly owns 445,792 shares of the company’s stock, valued at $35,395,884.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the completion of the sale, the chief executive officer now directly owns 445,792 shares in the company, valued at approximately $35,395,884.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares in the company, valued at approximately $1,133,710.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,438 shares of company stock valued at $6,980,938. 2.00% of the stock is currently owned by corporate insiders.

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 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.