Wealth Alliance Boosts Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Wealth Alliance raised its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 68.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,051 shares of the company’s stock after acquiring an additional 2,057 shares during the period. Wealth Alliance’s holdings in BJ’s Wholesale Club were worth $444,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Putnam Investments LLC lifted its holdings in shares of BJ’s Wholesale Club by 4.3% during the 4th quarter. Putnam Investments LLC now owns 3,647,981 shares of the company’s stock worth $243,174,000 after acquiring an additional 150,414 shares during the last quarter. Bessemer Group Inc. raised its position in BJ’s Wholesale Club by 1.8% during the first quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock valued at $235,946,000 after purchasing an additional 56,442 shares in the last quarter. Fiduciary Management Inc. WI lifted its stake in BJ’s Wholesale Club by 17.6% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock worth $167,625,000 after purchasing an additional 377,019 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of BJ’s Wholesale Club by 17.2% in 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 increased its position in shares of 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 valued at $120,351,000 after purchasing an additional 163,526 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $80.95 on Friday. The firm has a market capitalization 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 stock has a fifty day moving average of $84.55 and a 200 day moving average of $81.90. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.08 and a 52 week high of $92.37. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24.

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 the consensus estimate 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 firm had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same period last year, the company posted $0.97 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.84 earnings per share for the current year.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, EVP Jeff Desroches sold 28,842 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $89.86, for a total value of $2,591,742.12. Following the completion of the transaction, the executive vice president now owns 58,452 shares of the company’s stock, valued at approximately $5,252,496.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Jeff Desroches sold 28,842 shares of BJ’s Wholesale Club stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $89.86, for a total transaction of $2,591,742.12. Following the sale, the executive vice president now directly owns 58,452 shares in the company, valued at $5,252,496.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 467,792 shares of the company’s stock, valued at approximately $40,651,124.80. 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. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on BJ shares. Loop Capital boosted their target price on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, July 11th. TD Cowen upped their price objective on shares of BJ’s Wholesale Club from $93.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 24th. DA Davidson lifted their target price on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Evercore ISI upped their price target on shares of BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a research report on Thursday, June 20th. Finally, JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.07.

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.