Janney Montgomery Scott LLC Sells 1,113 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Janney Montgomery Scott LLC reduced its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,754 shares of the company’s stock after selling 1,113 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of BJ’s Wholesale Club worth $7,126,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Davis Capital Management purchased a new position in BJ’s Wholesale Club during the third quarter valued at $25,000. UMB Bank n.a. boosted its stake in BJ’s Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after acquiring an additional 293 shares in the last quarter. Reston Wealth Management LLC bought a new stake in BJ’s Wholesale Club during the third quarter worth about $41,000. Wilmington Savings Fund Society FSB purchased a new stake in BJ’s Wholesale Club in the third quarter worth about $55,000. Finally, Blue Trust Inc. grew its holdings in BJ’s Wholesale Club by 198.6% in the third quarter. Blue Trust Inc. now owns 863 shares of the company’s stock worth $76,000 after purchasing an additional 574 shares during the period. 98.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BJ shares. UBS Group boosted their price target on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Wells Fargo & Company lifted their price objective on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Roth Mkm increased their target price on BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. Jefferies Financial Group lifted their price target on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Morgan Stanley upped their price target on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and a consensus price target of $94.00.

BJ’s Wholesale Club Price Performance

Shares of BJ opened at $98.58 on Wednesday. The firm has a market cap of $13.02 billion, a PE ratio of 23.70, a P/E/G ratio of 4.48 and a beta of 0.32. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $64.06 and a 1-year high of $100.74. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $94.68 and a two-hundred day simple moving average of $88.43.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, November 21st. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.29. The company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.12 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. BJ’s Wholesale Club’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 earnings per share. On average, equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current year.

Insider Activity at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the sale, the chief executive officer now owns 423,792 shares in the company, valued at $36,221,502.24. This trade represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

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.