Creative Planning Buys 3,473 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Creative Planning increased its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 37.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,771 shares of the company’s stock after purchasing an additional 3,473 shares during the period. Creative Planning’s holdings in BJ’s Wholesale Club were worth $1,053,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. bought a new position in shares of BJ’s Wholesale Club in the second quarter worth $25,000. Davis Capital Management bought a new position in shares of BJ’s Wholesale Club in the third quarter worth $25,000. UMB Bank n.a. grew its position in BJ’s Wholesale Club by 375.6% in the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after acquiring an additional 293 shares during the last quarter. J.Safra Asset Management Corp bought a new position in BJ’s Wholesale Club in the second quarter valued at about $45,000. Finally, Benjamin Edwards Inc. grew its position in BJ’s Wholesale Club by 394.5% in the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock valued at $55,000 after acquiring an additional 501 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the business’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 transaction, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Robert W. Eddy sold 11,000 shares of the business’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 completion of the sale, the chief executive officer now owns 445,792 shares in the company, valued at $35,395,884.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,000 shares of company stock valued at $1,878,220. 2.00% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock opened at $84.73 on Friday. The stock’s 50 day moving average is $83.05 and its 200 day moving average is $83.84. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. The firm has a market cap of $11.24 billion, a P/E ratio of 22.01, a P/E/G ratio of 3.27 and a beta of 0.25. BJ’s Wholesale Club Holdings, Inc. has a one year low of $63.08 and a one year high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 earnings per share. As a group, research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current 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.