BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. trimmed its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,872 shares of the company’s stock after selling 955 shares during the quarter. Avantax Advisory Services Inc.’s holdings in BJ’s Wholesale Club were worth $793,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC boosted its holdings in BJ’s Wholesale Club by 7.2% in the 3rd quarter. FMR LLC now owns 14,357,118 shares of the company’s stock valued at $1,184,175,000 after purchasing an additional 966,528 shares during the last quarter. Franklin Resources Inc. boosted its holdings in BJ’s Wholesale Club by 7.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company’s stock valued at $408,926,000 after purchasing an additional 337,217 shares during the last quarter. State Street Corp boosted its holdings in BJ’s Wholesale Club by 1.1% in the 3rd quarter. State Street Corp now owns 4,045,590 shares of the company’s stock valued at $333,680,000 after purchasing an additional 45,288 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in BJ’s Wholesale Club by 60.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock valued at $196,929,000 after purchasing an additional 896,263 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in BJ’s Wholesale Club by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,215,356 shares of the company’s stock valued at $182,770,000 after purchasing an additional 34,940 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BJ. UBS Group boosted their target price on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the company a “buy” rating in a report on Friday, March 7th. Robert W. Baird boosted their price target on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. The Goldman Sachs Group boosted their price target on shares of BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Morgan Stanley boosted their price target on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the company an “equal weight” rating in a research note on Friday, March 7th. Finally, Jefferies Financial Group boosted their price target on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, BJ’s Wholesale Club has an average rating of “Moderate Buy” and an average price target of $108.71.

Insider Activity

In related news, Director Robert Allan Steele sold 11,813 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 24,351 shares of the company’s stock, valued at $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 SEC, which is accessible through this link. Insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock opened at $108.51 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $71.81 and a 1 year high of $118.40. The firm has a 50 day moving average price of $102.99 and a 200 day moving average price of $93.35. The company has a market cap of $14.33 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 4.50 and a beta of 0.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) 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 company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. Sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

BJ’s Wholesale Club Company 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.