BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. grew its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 394.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 628 shares of the company’s stock after purchasing an additional 501 shares during the period. Benjamin Edwards Inc.’s holdings in BJ’s Wholesale Club were worth $55,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. acquired a new stake in BJ’s Wholesale Club in the 2nd quarter valued at approximately $25,000. Rise Advisors LLC acquired a new stake in shares of BJ’s Wholesale Club in the first quarter valued at $26,000. J.Safra Asset Management Corp purchased a new stake in shares of BJ’s Wholesale Club in the 2nd quarter valued at $45,000. Whittier Trust Co. of Nevada Inc. lifted its stake in BJ’s Wholesale Club by 103.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 745 shares of the company’s stock worth $65,000 after acquiring an additional 379 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new position in BJ’s Wholesale Club during the 2nd quarter valued at about $66,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Graham Luce sold 16,596 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the transaction, the executive vice president now owns 14,131 shares of the company’s stock, valued at $1,288,040.65. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the sale, the senior vice president now owns 13,566 shares in the company, valued at approximately $1,133,710.62. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Graham Luce sold 16,596 shares of BJ’s Wholesale Club stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the completion of the transaction, the executive vice president now owns 14,131 shares in the company, valued at $1,288,040.65. The disclosure for this sale can be found here. Insiders sold a total of 79,438 shares of company stock valued at $6,980,938 over the last ninety days. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on BJ shares. JPMorgan Chase & Co. upgraded shares of 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 note on Monday, August 26th. Wells Fargo & Company raised shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $75.00 to $92.00 in a research note on Friday, August 23rd. Loop Capital raised their price target on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, July 11th. Roth Mkm upped their price objective on 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. 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 eight have issued a buy rating to the company. Based on data from MarketBeat, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and an average price target of $86.07.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $80.99 on Monday. The stock’s 50-day simple moving average is $84.17 and its 200-day simple moving average is $82.09. The firm has a market capitalization of $10.75 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.90 and a beta 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. 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 (NYSE:BJ) last released its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter last year, the company earned $0.97 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.84 EPS 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.