BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC grew its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 13.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,260 shares of the company’s stock after purchasing an additional 2,303 shares during the quarter. AE Wealth Management LLC’s holdings in BJ’s Wholesale Club were worth $1,692,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Assetmark Inc. lifted its stake in shares of BJ’s Wholesale Club by 26.5% in the 4th quarter. Assetmark Inc. now owns 2,667 shares of the company’s stock valued at $178,000 after purchasing an additional 559 shares during the last quarter. Franklin Resources Inc. increased its position in shares of BJ’s Wholesale Club by 7.8% during the fourth quarter. Franklin Resources Inc. now owns 83,472 shares of the company’s stock valued at $5,564,000 after acquiring an additional 6,009 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of BJ’s Wholesale Club by 58.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 24,683 shares of the company’s stock valued at $1,645,000 after acquiring an additional 9,084 shares during the period. US Bancorp DE lifted its holdings in shares of BJ’s Wholesale Club by 2.0% in the 4th quarter. US Bancorp DE now owns 32,971 shares of the company’s stock worth $2,198,000 after acquiring an additional 635 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its position in shares of BJ’s Wholesale Club by 3.7% during the 4th quarter. Orion Portfolio Solutions LLC now owns 59,863 shares of the company’s stock worth $3,935,000 after purchasing an additional 2,109 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BJ. Bank of America cut their price objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Wells Fargo & Company upgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $75.00 to $92.00 in a report on Friday, August 23rd. JPMorgan Chase & Co. raised shares of 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 note on Monday, August 26th. Melius Research started coverage on shares of BJ’s Wholesale Club in a research note on Monday. They issued a “buy” rating and a $90.00 price target for the company. Finally, Evercore ISI increased their price objective on BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a research note on Thursday, June 20th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.31.

BJ’s Wholesale Club Trading Up 0.6 %

NYSE:BJ opened at $81.47 on Tuesday. The stock has a market cap of $10.81 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.90 and a beta of 0.24. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $63.08 and a 1 year high of $92.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. The stock has a 50-day simple moving average of $84.00 and a 200-day simple moving average of $82.11.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The business had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. As a group, 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 news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.90, for a total transaction of $955,900.00. Following the completion of the sale, the chief executive officer now owns 467,792 shares in the company, valued at $40,651,124.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $86.90, for a total value of $955,900.00. Following the transaction, the chief executive officer now owns 467,792 shares of the company’s stock, valued at $40,651,124.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Graham Luce sold 16,596 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total value of $1,512,725.40. Following the sale, the executive vice president now directly owns 14,131 shares of the company’s stock, valued at $1,288,040.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,438 shares of company stock valued at $6,980,938. Insiders own 2.00% of the company’s stock.

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.