Summit Trail Advisors LLC Boosts Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Summit Trail Advisors LLC lifted its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 78.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,753 shares of the company’s stock after buying an additional 6,949 shares during the period. Summit Trail Advisors LLC’s holdings in BJ’s Wholesale Club were worth $1,384,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Fifth Third Bancorp grew its position in shares of BJ’s Wholesale Club by 9.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock valued at $128,000 after buying an additional 124 shares during the last quarter. CWM LLC grew its position in shares of BJ’s Wholesale Club by 7.4% in the 2nd quarter. CWM LLC now owns 1,863 shares of the company’s stock valued at $164,000 after buying an additional 128 shares during the last quarter. Riverwater Partners LLC grew its position in shares of BJ’s Wholesale Club by 1.1% in the 2nd quarter. Riverwater Partners LLC now owns 12,951 shares of the company’s stock valued at $1,138,000 after buying an additional 135 shares during the last quarter. GAMMA Investing LLC grew its position in shares of BJ’s Wholesale Club by 11.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,638 shares of the company’s stock valued at $144,000 after buying an additional 162 shares during the last quarter. Finally, LRI Investments LLC grew its position in shares of BJ’s Wholesale Club by 9.2% in the 2nd quarter. LRI Investments LLC now owns 1,953 shares of the company’s stock valued at $172,000 after buying an additional 165 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Stock Up 0.0 %

Shares of NYSE:BJ opened at $80.99 on Friday. The company has a market cap of $10.75 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.90 and a beta of 0.25. The firm’s 50-day simple moving average is $84.17 and its 200-day simple moving average is $82.02. 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 Holdings, Inc. has a fifty-two week low of $63.08 and a fifty-two week high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating 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 quarter last year, the business earned $0.97 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BJ. 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 on the stock in a research report on Friday, August 23rd. Wells Fargo & Company raised shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Loop Capital raised their price objective on shares of 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. Finally, Roth Mkm raised their price objective on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $86.07.

Insider Activity at BJ’s Wholesale Club

In related news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the sale, the senior vice president now owns 13,566 shares in the company, valued at $1,133,710.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the sale, the senior vice president now owns 13,566 shares in the company, valued at $1,133,710.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the firm’s 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 of the company’s stock, valued at approximately $40,651,124.80. The disclosure for this sale can be found here. Insiders sold 79,438 shares of company stock worth $6,980,938 over the last 90 days. Company insiders own 2.00% of the company’s stock.

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.