Fifth Third Wealth Advisors LLC Boosts Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Fifth Third Wealth Advisors LLC raised its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 13.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,248 shares of the company’s stock after acquiring an additional 602 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in BJ’s Wholesale Club were worth $433,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Pathstone Holdings LLC boosted its stake in shares of BJ’s Wholesale Club by 2.7% during the 3rd quarter. Pathstone Holdings LLC now owns 21,123 shares of the company’s stock worth $1,742,000 after acquiring an additional 558 shares in the last quarter. Quest Partners LLC boosted its stake in shares of BJ’s Wholesale Club by 269.4% during the 3rd quarter. Quest Partners LLC now owns 10,813 shares of the company’s stock worth $892,000 after acquiring an additional 7,886 shares in the last quarter. Valley Wealth Managers Inc. boosted its stake in shares of BJ’s Wholesale Club by 0.7% during the 3rd quarter. Valley Wealth Managers Inc. now owns 207,014 shares of the company’s stock worth $17,075,000 after acquiring an additional 1,384 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of BJ’s Wholesale Club by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 3,906 shares of the company’s stock worth $322,000 after acquiring an additional 123 shares in the last quarter. Finally, Impax Asset Management Group plc boosted its stake in shares of BJ’s Wholesale Club by 50.0% during the 3rd quarter. Impax Asset Management Group plc now owns 134,955 shares of the company’s stock worth $11,131,000 after acquiring an additional 45,000 shares in the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the sale, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. The trade was a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total transaction of $873,400.00. Following the sale, the chief executive officer now directly owns 445,792 shares of the company’s stock, valued at approximately $35,395,884.80. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,000 shares of company stock valued at $2,818,390 in the last 90 days. Company insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Stock Down 0.8 %

BJ’s Wholesale Club stock opened at $85.63 on Thursday. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $63.08 and a fifty-two week high of $92.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. The firm has a 50 day moving average price of $85.29 and a 200 day moving average price of $85.15. The company has a market capitalization of $11.35 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 4.24 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The company had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter last year, the company posted $0.97 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. Research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.83 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BJ shares. Bank of America lowered their target price on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their price target for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Jefferies Financial Group raised their price target on shares of BJ’s Wholesale Club from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Melius Research assumed coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target on the stock. Finally, Wells Fargo & Company raised their price target on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and a consensus target price of $90.07.

About BJ’s Wholesale Club

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.