BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 860,509 shares of the company's stock after purchasing an additional 13,661 shares during the period. Charles Schwab Investment Management Inc. owned 0.65% of BJ's Wholesale Club worth $98,184,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its stake in BJ's Wholesale Club by 92.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,456 shares of the company's stock valued at $2,448,000 after buying an additional 10,326 shares during the period. Contravisory Investment Management Inc. purchased a new stake in shares of BJ's Wholesale Club in the 1st quarter worth about $9,805,000. iSAM Funds UK Ltd purchased a new position in BJ's Wholesale Club in the 4th quarter valued at about $843,000. FORA Capital LLC purchased a new position in BJ's Wholesale Club in the 4th quarter valued at about $936,000. Finally, Colonial River Investments LLC purchased a new position in BJ's Wholesale Club in the 1st quarter valued at about $308,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 17,900 shares of the business's stock in a transaction that occurred on 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 $39,441,097.64. The trade was a 4.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven L. Ortega bought 1,740 shares of the stock in a transaction that occurred on 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 purchase, the director owned 8,641 shares of the company's stock, valued at approximately $990,258.60. This represents a 25.21% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 138,061 shares of company stock valued at $15,027,745 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

BJ's Wholesale Club Trading Up 0.4%

Shares of BJ traded up $0.45 during mid-day trading on Friday, reaching $103.31. 2,620,709 shares of the company's stock traded hands, compared to its average volume of 1,789,876. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $76.33 and a 12 month high of $121.10. The stock has a market cap of $13.64 billion, a P/E ratio of 24.03, a P/E/G ratio of 2.86 and a beta of 0.43. The stock's 50-day moving average is $107.73 and its two-hundred day moving average is $109.93. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.77 and a quick ratio of 0.14.

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

Analyst Ratings Changes

BJ has been the topic of several recent analyst reports. Wells Fargo & Company reiterated an "overweight" rating and set a $127.00 price objective (up from $125.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Loop Capital reissued a "hold" rating and set a $120.00 price target (up previously from $110.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Roth Capital restated a "neutral" rating and set a $106.00 price objective (up from $101.00) on shares of BJ's Wholesale Club in a research note on Wednesday, May 28th. DA Davidson raised their price objective on BJ's Wholesale Club from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Finally, Gordon Haskett cut BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a research note on Friday. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, BJ's Wholesale Club has a consensus rating of "Hold" and an average target price of $111.06.

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.