BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Position Trimmed by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lowered its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 18.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,466 shares of the company’s stock after selling 807 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in BJ’s Wholesale Club were worth $304,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of BJ. Kayne Anderson Rudnick Investment Management LLC lifted its stake in BJ’s Wholesale Club by 158.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock valued at $368,044,000 after buying an additional 2,571,709 shares in the last quarter. Putnam Investments LLC lifted its position in shares of BJ’s Wholesale Club by 4.3% in the 4th quarter. Putnam Investments LLC now owns 3,647,981 shares of the company’s stock valued at $243,174,000 after acquiring an additional 150,414 shares in the last quarter. Bessemer Group Inc. boosted its stake in BJ’s Wholesale Club by 1.8% in the 1st quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock worth $235,946,000 after purchasing an additional 56,442 shares during the period. Principal Financial Group Inc. grew its position in BJ’s Wholesale Club by 17.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock worth $142,721,000 after purchasing an additional 237,902 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in BJ’s Wholesale Club by 13.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,370,144 shares of the company’s stock worth $120,351,000 after purchasing an additional 163,526 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $87.60, for a total value of $963,600.00. Following the transaction, the chief executive officer now directly owns 456,792 shares in the company, valued at approximately $40,014,979.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $87.60, for a total value of $963,600.00. Following the sale, the chief executive officer now owns 456,792 shares in the company, valued at approximately $40,014,979.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction on 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 in the company, valued at $1,133,710.62. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,438 shares of company stock worth $6,946,288 over the last ninety days. Company insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ opened at $88.58 on Wednesday. The stock has a market capitalization of $11.76 billion, a P/E ratio of 23.01, a P/E/G ratio of 3.02 and a beta of 0.25. The business has a 50-day moving average of $82.82 and a two-hundred day moving average of $82.77. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $63.08 and a fifty-two week high of $92.37. 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 announced its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.00 by $0.09. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.15 billion. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 earnings per share. On average, equities research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BJ shares. Bank of America decreased their target price on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Evercore ISI raised their price objective on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a research report on Thursday, June 20th. Loop Capital upped their target price on BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, July 11th. Melius Research began coverage on shares of BJ’s Wholesale Club in a report on Monday, September 23rd. They set a “buy” rating and a $90.00 price target for the company. Finally, Roth Mkm boosted their price objective on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and a consensus target price of $86.31.

BJ’s Wholesale Club Company 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.