BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 94.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,955 shares of the company’s stock after acquiring an additional 7,752 shares during the period. Commonwealth Equity Services LLC’s holdings in BJ’s Wholesale Club were worth $1,426,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Neo Ivy Capital Management acquired a new stake in shares of BJ’s Wholesale Club during the 3rd quarter worth about $828,000. Sanctuary Advisors LLC increased its position in shares of BJ’s Wholesale Club by 129.0% during the third quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock valued at $3,215,000 after acquiring an additional 21,957 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of BJ’s Wholesale Club in the 4th quarter valued at approximately $307,000. Wealthfront Advisers LLC lifted its holdings in shares of BJ’s Wholesale Club by 1,462.2% in the 4th 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 during the last quarter. Finally, Oak Harvest Investment Services purchased a new position in shares of BJ’s Wholesale Club during the 4th quarter worth approximately $670,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BJ has been the topic of a number of research reports. TD Cowen upped their price target on BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Wells Fargo & Company restated an “overweight” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. The Goldman Sachs Group lifted their target price on BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a research report on Monday, March 10th. JPMorgan Chase & Co. raised 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 research note on Monday, March 3rd. Finally, DA Davidson upped their target price on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $108.71.

BJ’s Wholesale Club Stock Down 0.5 %

Shares of NYSE BJ opened at $111.86 on Friday. The business has a 50-day moving average of $104.94 and a two-hundred day moving average of $94.82. The company has a market capitalization of $14.73 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $71.81 and a 1 year high of $118.40. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results 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. The firm had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.29 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. On average, analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Robert Allan Steele sold 11,813 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the transaction, the director now owns 24,351 shares in the company, valued at $2,619,924.09. This trade represents a 32.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William C. Werner sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total value of $2,208,200.00. Following the completion of the sale, the executive vice president now owns 31,308 shares of the company’s stock, valued at approximately $3,456,716.28. This represents a 38.98 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

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.