Cetera Investment Advisers Acquires 6,504 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Key Points

• Cetera Investment Advisers increased its stake in BJ's Wholesale Club by 17.6%, acquiring an additional 6,504 shares, bringing their total holdings to 43,442 shares valued at approximately $4.96 million.
• Director Steven L. Ortega purchased 1,740 shares at $114.60 each, while CEO Robert W. Eddy sold 17,900 shares at $107.08, indicating significant insider trading activity.
• Several brokerages have issued optimistic ratings for BJ's, with target prices raised; Wells Fargo upgraded their target to $127.00 and DA Davidson to $140.00, reflecting positive sentiment in the market.

Cetera Investment Advisers raised its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 17.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,442 shares of the company's stock after purchasing an additional 6,504 shares during the quarter. Cetera Investment Advisers' holdings in BJ's Wholesale Club were worth $4,957,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of BJ. Pictet Asset Management Holding SA lifted its position in BJ's Wholesale Club by 6.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 18,530 shares of the company's stock valued at $1,656,000 after purchasing an additional 1,062 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in BJ's Wholesale Club by 28.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 8,894 shares of the company's stock valued at $795,000 after purchasing an additional 1,973 shares during the last quarter. Bryce Point Capital LLC purchased a new stake in shares of BJ's Wholesale Club in the fourth quarter valued at $463,000. Landscape Capital Management L.L.C. purchased a new stake in shares of BJ's Wholesale Club in the fourth quarter valued at $531,000. Finally, Riverwater Partners LLC raised its stake in shares of BJ's Wholesale Club by 1.6% in the fourth quarter. Riverwater Partners LLC now owns 11,577 shares of the company's stock valued at $1,034,000 after acquiring an additional 178 shares during the period. Institutional investors own 98.60% of the company's stock.

Insider Buying and Selling at BJ's Wholesale Club

In other BJ's Wholesale Club news, Director Steven L. Ortega bought 1,740 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were acquired at an average price of $114.60 per share, with a total value of $199,404.00. Following the transaction, 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert W. Eddy sold 17,900 shares of the firm'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 transaction, the chief executive officer directly owned 368,333 shares in the company, valued at $39,441,097.64. This trade represents a 4.63% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,625 shares of company stock valued at $8,595,110. Company insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BJ. Roth Capital reissued a "neutral" rating and issued 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. Wells Fargo & Company reissued an "overweight" rating and issued a $127.00 target price (up previously from $125.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Robert W. Baird increased their target price 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. Wall Street Zen raised shares of BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, DA Davidson increased their target price on shares of BJ's Wholesale Club from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, BJ's Wholesale Club currently has an average rating of "Moderate Buy" and an average target price of $111.00.

BJ's Wholesale Club Trading Up 3.9%

NYSE BJ opened at $110.01 on Friday. 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 company has a market capitalization of $14.53 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 3.04 and a beta of 0.43. The company's 50-day simple moving average is $108.89 and its two-hundred day simple moving average is $109.26. BJ's Wholesale Club Holdings, Inc. has a one year low of $76.33 and a one year high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its earnings results on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.23. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.18 billion. BJ's Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The company's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. Equities analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

BJ's Wholesale Club 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.

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