Bleakley Financial Group LLC Grows Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Bleakley Financial Group LLC boosted its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 33.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,870 shares of the company's stock after purchasing an additional 3,760 shares during the quarter. Bleakley Financial Group LLC's holdings in BJ's Wholesale Club were worth $1,697,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Covestor Ltd lifted its stake in BJ's Wholesale Club by 66.5% in the fourth quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after purchasing an additional 115 shares during the last quarter. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of BJ's Wholesale Club during the first quarter worth $33,000. HM Payson & Co. bought a new stake in shares of BJ's Wholesale Club during the first quarter worth $41,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of BJ's Wholesale Club during the first quarter valued at approximately $43,000. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of BJ's Wholesale Club by 652.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock valued at $47,000 after purchasing an additional 457 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on BJ. Wall Street Zen raised BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. 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 note on Friday, May 23rd. Citigroup raised BJ's Wholesale Club from a "neutral" rating to a "buy" rating and upped their price target for the stock from $115.00 to $130.00 in a research report on Thursday, April 3rd. Wells Fargo & Company restated an "overweight" rating and set a $127.00 price objective (up previously from $125.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Finally, Robert W. Baird upped their price target on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $116.12.

BJ's Wholesale Club Stock Up 0.3%

Shares of BJ traded up $0.35 during mid-day trading on Friday, hitting $105.53. 114,204 shares of the company's stock were exchanged, compared to its average volume of 1,681,766. The company has a market cap of $13.93 billion, a price-to-earnings ratio of 24.55, a P/E/G ratio of 2.88 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 debt-to-equity ratio of 0.20, a quick ratio of 0.14 and a current ratio of 0.77. The stock's 50-day moving average is $110.91 and its 200-day moving average is $108.12.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. The company's revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Buying and Selling at BJ's Wholesale Club

In related news, EVP Paul Cichocki sold 43,825 shares of the company's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $106.65, for a total value of $4,673,936.25. Following the completion of the sale, the executive vice president owned 172,563 shares in the company, valued at $18,403,843.95. This represents a 20.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert W. Eddy sold 17,900 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total transaction of $1,916,732.00. Following the completion of the sale, the chief executive officer directly owned 368,333 shares of the company's stock, valued at $39,441,097.64. The trade was a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,625 shares of company stock worth $8,595,110. 1.40% of the stock is owned by insiders.

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.