Atria Wealth Solutions Inc. Buys 1,972 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Atria Wealth Solutions Inc. grew its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 81.4% in the 1st quarter, HoldingsChannel reports. The firm owned 4,395 shares of the company’s stock after buying an additional 1,972 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in BJ’s Wholesale Club were worth $501,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. IFP Advisors Inc raised its stake in shares of BJ’s Wholesale Club by 22.0% during the 1st quarter. IFP Advisors Inc now owns 510 shares of the company’s stock worth $58,000 after acquiring an additional 92 shares in the last quarter. Greenleaf Trust boosted its holdings in shares of BJ’s Wholesale Club by 4.3% in the 1st quarter. Greenleaf Trust now owns 2,450 shares of the company’s stock valued at $280,000 after acquiring an additional 101 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in BJ’s Wholesale Club by 3.5% during the first quarter. Venturi Wealth Management LLC now owns 3,087 shares of the company’s stock worth $352,000 after buying an additional 104 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in BJ’s Wholesale Club by 1.1% during the first quarter. Crossmark Global Holdings Inc. now owns 9,604 shares of the company’s stock worth $1,096,000 after buying an additional 109 shares in the last quarter. Finally, Covestor Ltd raised its position in BJ’s Wholesale Club by 66.5% during the fourth quarter. Covestor Ltd now owns 288 shares of the company’s stock worth $26,000 after acquiring an additional 115 shares during the period. Institutional investors own 98.60% of the company’s stock.

Insiders Place Their Bets

In other news, Director Steven L. Ortega purchased 1,740 shares of the business’s stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average price of $114.60 per share, with a total value of $199,404.00. Following the purchase, the director directly owned 8,641 shares of the company’s stock, valued at $990,258.60. This represents a 25.21% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Paul Cichocki sold 58,436 shares of BJ’s Wholesale Club stock in a transaction on Friday, August 1st. The stock was sold at an average price of $110.08, for a total value of $6,432,634.88. Following the transaction, the executive vice president directly owned 114,127 shares of the company’s stock, valued at $12,563,100.16. This trade represents a 33.86% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 138,061 shares of company stock worth $15,027,745. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on BJ. UBS Group reiterated a “buy” rating and issued a $135.00 target price on shares of BJ’s Wholesale Club in a research report on Wednesday. Roth Capital reaffirmed a “neutral” rating and set a $106.00 target price (up previously from $101.00) on shares of BJ’s Wholesale Club in a research note on Wednesday, May 28th. JPMorgan Chase & Co. raised their price objective on shares of BJ’s Wholesale Club from $109.00 to $123.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Morgan Stanley raised their price objective on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, May 23rd. Finally, Loop Capital reaffirmed a “hold” rating and issued a $120.00 target price (up previously from $110.00) on shares of BJ’s Wholesale Club in a report on Friday, May 23rd. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and an average price target of $111.41.

BJ’s Wholesale Club Stock Performance

Shares of BJ’s Wholesale Club stock opened at $103.51 on Thursday. The firm’s fifty day simple moving average is $108.00 and its 200-day simple moving average is $109.80. The stock has a market capitalization of $13.67 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 2.99 and a beta of 0.43. 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 debt-to-equity ratio of 0.20, a current ratio of 0.77 and a quick ratio of 0.14.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.23. BJ’s Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same period last year, the firm posted $0.85 EPS. BJ’s Wholesale Club’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

About BJ’s Wholesale Club

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.