Sequoia Financial Advisors LLC Boosts Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Sequoia Financial Advisors LLC boosted its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 8.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 3,245 shares of the company’s stock after acquiring an additional 250 shares during the period. Sequoia Financial Advisors LLC’s holdings in BJ’s Wholesale Club were worth $370,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BJ. Oppenheimer & Co. Inc. purchased a new position in shares of BJ’s Wholesale Club during the 4th quarter worth $307,000. QRG Capital Management Inc. lifted its stake in shares of BJ’s Wholesale Club by 4.7% during the 4th quarter. QRG Capital Management Inc. now owns 4,329 shares of the company’s stock worth $387,000 after purchasing an additional 193 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of BJ’s Wholesale Club by 34.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,257 shares of the company’s stock worth $113,000 after purchasing an additional 324 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of BJ’s Wholesale Club by 355.9% during the 4th quarter. Jones Financial Companies Lllp now owns 3,027 shares of the company’s stock worth $270,000 after purchasing an additional 2,363 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of BJ’s Wholesale Club by 296.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,646 shares of the company’s stock worth $3,900,000 after purchasing an additional 32,635 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Down 0.8%

Shares of NYSE BJ opened at $108.25 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $76.33 and a 12-month high of $121.10. The company has a market cap of $14.29 billion, a P/E ratio of 25.17, a P/E/G ratio of 3.02 and a beta of 0.45. The company has a current ratio of 0.77, a quick ratio of 0.14 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average price of $112.92 and a 200 day moving average price of $107.21.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.23. BJ’s Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%. The firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.18 billion. During the same period in the prior year, the firm earned $0.85 EPS. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BJ shares. JPMorgan Chase & Co. increased their price target on BJ’s Wholesale Club from $109.00 to $123.00 and gave the stock a “neutral” rating in a research note on Friday, May 9th. Cowen reissued a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. The Goldman Sachs Group upped their price objective on BJ’s Wholesale Club from $102.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, March 10th. Loop Capital restated a “hold” rating and set a $120.00 price objective (up from $110.00) on shares of BJ’s Wholesale Club in a report on Friday, May 23rd. Finally, Wall Street Zen upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.12.

Insider Activity at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 17,900 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $111.98, for a total value of $2,004,442.00. Following the completion of the sale, the chief executive officer directly owned 386,233 shares in the company, valued at approximately $43,250,371.34. This represents a 4.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven L. Ortega purchased 1,740 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average price of $114.60 per share, with a total value of $199,404.00. Following the completion of the acquisition, the director owned 8,641 shares in the company, valued at $990,258.60. This represents a 25.21% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 300,400 shares of company stock worth $34,308,420. Corporate insiders own 1.40% 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.