Sequoia Financial Advisors LLC Has $268,000 Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Sequoia Financial Advisors LLC cut its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,995 shares of the company’s stock after selling 437 shares during the period. Sequoia Financial Advisors LLC’s holdings in BJ’s Wholesale Club were worth $268,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Neo Ivy Capital Management acquired a new stake in shares of BJ’s Wholesale Club in the third quarter valued at approximately $828,000. Sanctuary Advisors LLC raised its position in BJ’s Wholesale Club by 129.0% during the third quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock worth $3,215,000 after acquiring an additional 21,957 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in BJ’s Wholesale Club during the fourth quarter worth $307,000. Wealthfront Advisers LLC raised its position in BJ’s Wholesale Club by 1,462.2% during the fourth quarter. Wealthfront Advisers LLC now owns 54,208 shares of the company’s stock worth $4,843,000 after acquiring an additional 50,738 shares in the last quarter. Finally, Oak Harvest Investment Services bought a new stake in BJ’s Wholesale Club during the fourth quarter worth $670,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on BJ. Loop Capital upped their price target on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a research report on Friday, March 7th. Morgan Stanley upped their price target on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Friday, March 7th. Robert W. Baird upped their price target on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. DA Davidson upped their price target on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.71.

BJ’s Wholesale Club Trading Down 0.4 %

BJ opened at $110.06 on Thursday. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $71.81 and a twelve month high of $118.40. The company has a 50-day simple moving average of $102.67 and a 200 day simple moving average of $93.24. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $14.54 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 4.50 and a beta of 0.28.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.07. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.29 billion. Analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Robert Allan Steele sold 11,813 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the completion of the transaction, the director now owns 24,351 shares of the company’s stock, valued at approximately $2,619,924.09. This represents a 32.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.