Bleakley Financial Group LLC Acquires 487 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Bleakley Financial Group LLC raised its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,953 shares of the company’s stock after buying an additional 487 shares during the quarter. Bleakley Financial Group LLC’s holdings in BJ’s Wholesale Club were worth $903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Park Avenue Securities LLC increased its holdings in shares of BJ’s Wholesale Club by 3.3% in the first quarter. Park Avenue Securities LLC now owns 12,721 shares of the company’s stock worth $962,000 after purchasing an additional 404 shares during the last quarter. Park Place Capital Corp raised its holdings in shares of BJ’s Wholesale Club by 42.4% during the 1st quarter. Park Place Capital Corp now owns 1,095 shares of the company’s stock worth $83,000 after acquiring an additional 326 shares in the last quarter. Congress Wealth Management LLC DE boosted its position in shares of BJ’s Wholesale Club by 19.4% during the 1st quarter. Congress Wealth Management LLC DE now owns 172,906 shares of the company’s stock valued at $13,080,000 after acquiring an additional 28,152 shares during the last quarter. Financial Strategies Group Inc. purchased a new position in shares of BJ’s Wholesale Club in the first quarter valued at $215,000. Finally, State of Michigan Retirement System increased its position in BJ’s Wholesale Club by 1.9% in the first quarter. State of Michigan Retirement System now owns 32,715 shares of the company’s stock worth $2,475,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

BJ stock opened at $87.81 on Monday. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $63.08 and a 1-year high of $92.37. The business has a 50-day moving average price of $83.01 and a 200 day moving average price of $83.36. The company has a market capitalization of $11.65 billion, a P/E ratio of 22.81, a PEG ratio of 3.27 and a beta of 0.25. 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 posted 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 business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 EPS. As a group, equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current fiscal year.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction dated 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 directly owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the sale, the senior vice president now owns 13,566 shares in the company, valued at approximately $1,133,710.62. The trade was a 0.00 % decrease in their position. The transaction 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 that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total transaction of $873,400.00. Following the transaction, the chief executive officer now directly owns 445,792 shares of the company’s stock, valued at $35,395,884.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,000 shares of company stock valued at $2,841,820 over the last quarter. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on BJ. Loop Capital lifted 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 note on Thursday, July 11th. Melius Research started coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective on the stock. Roth Mkm lifted their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Wells Fargo & Company upgraded BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.31.

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.