Contravisory Investment Management Inc. Acquires New Holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Contravisory Investment Management Inc. acquired a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 85,933 shares of the company's stock, valued at approximately $9,805,000. BJ's Wholesale Club comprises about 2.1% of Contravisory Investment Management Inc.'s holdings, making the stock its 11th largest position. Contravisory Investment Management Inc. owned approximately 0.07% of BJ's Wholesale Club as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BJ. Envestnet Portfolio Solutions Inc. boosted its position in shares of BJ's Wholesale Club by 0.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company's stock worth $1,787,000 after purchasing an additional 105 shares in the last quarter. Covestor Ltd boosted its position in shares of BJ's Wholesale Club by 66.5% during the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after purchasing an additional 115 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of BJ's Wholesale Club by 2.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,915 shares of the company's stock worth $675,000 after buying an additional 119 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of BJ's Wholesale Club by 1.9% in the 4th quarter. Captrust Financial Advisors now owns 7,044 shares of the company's stock worth $629,000 after buying an additional 131 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of BJ's Wholesale Club by 4.6% in the 4th quarter. Venturi Wealth Management LLC now owns 2,983 shares of the company's stock worth $267,000 after buying an additional 132 shares in the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

BJ's Wholesale Club Price Performance

NYSE:BJ traded up $2.01 during mid-day trading on Friday, reaching $111.07. 1,800,447 shares of the stock were exchanged, compared to its average volume of 1,671,206. The business has a fifty day moving average price of $114.93 and a 200 day moving average price of $105.36. The firm has a market capitalization of $14.67 billion, a PE ratio of 26.70, a PEG ratio of 4.50 and a beta of 0.47. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $76.33 and a 1-year high of $121.10. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings results 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 return on equity of 35.41% and a net margin of 2.71%. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.18 billion. During the same quarter last year, the company posted $0.85 EPS. BJ's Wholesale Club's revenue for the quarter was up 4.8% on a year-over-year basis. Research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Steven L. Ortega purchased 1,740 shares of BJ's Wholesale Club stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average cost of $114.60 per share, for a total transaction of $199,404.00. Following the acquisition, the director now directly owns 8,641 shares in the company, valued at $990,258.60. This represents a 25.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Joseph Mcgrail sold 2,100 shares of BJ's Wholesale Club stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total value of $251,454.00. Following the sale, the senior vice president now owns 14,240 shares of the company's stock, valued at approximately $1,705,097.60. This represents a 12.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 346,405 shares of company stock worth $39,457,128. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. DA Davidson boosted their price objective on shares of BJ's Wholesale Club from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Cowen reiterated a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, March 7th. Morgan Stanley boosted their price objective on shares of BJ's Wholesale Club from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Citigroup raised shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and boosted their target price for the company from $115.00 to $130.00 in a research note on Thursday, April 3rd. Finally, JPMorgan Chase & Co. boosted their target price 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. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, BJ's Wholesale Club has a consensus rating of "Moderate Buy" and an average target price of $116.12.

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.