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

Wealth Enhancement Advisory Services LLC grew its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 3.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,688 shares of the company’s stock after buying an additional 176 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in BJ’s Wholesale Club were worth $469,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in BJ’s Wholesale Club by 158.9% in 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 during the period. Marshall Wace LLP increased its position in shares of BJ’s Wholesale Club by 143.6% in the second quarter. Marshall Wace LLP now owns 848,000 shares of the company’s stock worth $74,488,000 after acquiring an additional 499,954 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of BJ’s Wholesale Club by 201.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company’s stock valued at $51,966,000 after acquiring an additional 395,573 shares during the period. Raymond James & Associates lifted its holdings in shares of BJ’s Wholesale Club by 99.9% during the 2nd quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock valued at $67,151,000 after acquiring an additional 382,114 shares in the last quarter. Finally, Delta Global Management LP purchased a new stake in BJ’s Wholesale Club during the 1st quarter worth $27,214,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the sale, the chief executive officer now directly owns 445,792 shares of the company’s stock, valued at approximately $35,395,884.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the sale, the senior vice president now owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the transaction, the chief executive officer now owns 445,792 shares of the company’s stock, valued at approximately $35,395,884.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock worth $2,818,390 over the last ninety days. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

BJ has been the topic of several research reports. Wells Fargo & Company raised BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $75.00 to $92.00 in a research report on Friday, August 23rd. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Bank of America lowered their price objective on shares of 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. Melius Research initiated coverage on shares of BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 target price on the stock. Finally, Roth Mkm upped their target price on shares of 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. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, BJ’s Wholesale Club has an average rating of “Moderate Buy” and a consensus price target of $87.33.

BJ’s Wholesale Club Stock Performance

Shares of BJ’s Wholesale Club stock opened at $90.35 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $63.08 and a 1 year high of $92.37. The firm’s 50-day simple moving average is $83.83 and its 200-day simple moving average is $84.41. The firm has a market cap of $11.98 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 3.22 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last released 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 company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter last year, the business posted $0.97 EPS. BJ’s Wholesale Club’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current fiscal 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.