Axxcess Wealth Management LLC Has $600,000 Stock Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Axxcess Wealth Management LLC raised its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 111.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,258 shares of the company's stock after acquiring an additional 2,774 shares during the quarter. Axxcess Wealth Management LLC's holdings in BJ's Wholesale Club were worth $600,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in shares of BJ's Wholesale Club during the fourth quarter worth about $6,491,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of BJ's Wholesale Club by 14.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,103 shares of the company's stock worth $2,958,000 after buying an additional 4,133 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of BJ's Wholesale Club by 12.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,320 shares of the company's stock worth $386,000 after buying an additional 480 shares in the last quarter. HighTower Advisors LLC grew its position in shares of BJ's Wholesale Club by 10.7% during the fourth quarter. HighTower Advisors LLC now owns 18,159 shares of the company's stock worth $1,623,000 after buying an additional 1,758 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of BJ's Wholesale Club by 5.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,430 shares of the company's stock worth $306,000 after buying an additional 174 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ's Wholesale Club Trading Down 1.3%

Shares of BJ's Wholesale Club stock traded down $1.41 on Wednesday, reaching $104.00. 1,552,829 shares of the company were exchanged, compared to its average volume of 1,685,460. The firm has a market capitalization of $13.73 billion, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $76.33 and a fifty-two week high of $121.10. 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 $111.41 and a 200-day moving average price of $108.04.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share 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 quarter in the prior year, the company earned $0.85 EPS. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. On average, analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Wall Street Analysts Forecast Growth

BJ has been the subject of a number of research reports. Morgan Stanley boosted their price objective on 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. Citigroup upgraded BJ's Wholesale Club from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $115.00 to $130.00 in a research note on Thursday, April 3rd. Argus upgraded BJ's Wholesale Club to a "hold" rating in a research note on Friday, April 4th. Loop Capital reiterated a "hold" rating and issued a $120.00 price objective (up previously from $110.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $127.00 price objective (up previously from $125.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $116.12.

Insider Buying and Selling at BJ's Wholesale Club

In related news, CEO Robert W. Eddy sold 17,900 shares of BJ's Wholesale Club stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $107.08, for a total value of $1,916,732.00. Following the sale, the chief executive officer owned 368,333 shares of the company's stock, valued at approximately $39,441,097.64. The trade was a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven L. Ortega acquired 1,740 shares of BJ's Wholesale Club stock in a transaction dated Tuesday, May 27th. The shares were purchased at an average price of $114.60 per share, with a total value of $199,404.00. Following the acquisition, the director owned 8,641 shares of the company's stock, valued at approximately $990,258.60. This trade represents a 25.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 79,625 shares of company stock worth $8,595,110. 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.