Diversify Wealth Management LLC Buys 3,015 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Diversify Wealth Management LLC raised its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 30.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,776 shares of the company's stock after purchasing an additional 3,015 shares during the period. Diversify Wealth Management LLC's holdings in BJ's Wholesale Club were worth $1,488,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Clearbridge Investments LLC increased its position in BJ's Wholesale Club by 11.8% during the 4th quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company's stock worth $208,218,000 after buying an additional 245,731 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of BJ's Wholesale Club by 92.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,456 shares of the company's stock valued at $2,448,000 after acquiring an additional 10,326 shares in the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of BJ's Wholesale Club in the first quarter valued at about $9,805,000. Intech Investment Management LLC increased its position in BJ's Wholesale Club by 278.6% during the fourth quarter. Intech Investment Management LLC now owns 53,968 shares of the company's stock worth $4,822,000 after acquiring an additional 39,713 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its stake in BJ's Wholesale Club by 151.8% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 19,784 shares of the company's stock worth $1,768,000 after purchasing an additional 11,928 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BJ has been the topic of a number of analyst reports. Robert W. Baird increased their target price on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. DA Davidson boosted their price target on 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. Morgan Stanley increased their price target on 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. Loop Capital reaffirmed a "hold" rating and issued a $120.00 price objective (up from $110.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Finally, UBS Group reissued a "buy" rating and set a $135.00 target price (up from $129.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.12.

Insider Activity at BJ's Wholesale Club

In related news, Director Steven L. Ortega acquired 1,740 shares of the company's stock in a transaction that occurred 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 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 position. The transaction was disclosed in a document filed with the SEC, 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 value of $1,916,732.00. Following the sale, the chief executive officer owned 368,333 shares in the company, valued at approximately $39,441,097.64. This represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,900 shares of company stock worth $4,172,628. 1.40% of the stock is owned by company insiders.

BJ's Wholesale Club Stock Performance

BJ traded down $0.14 during trading hours on Friday, hitting $106.56. The stock had a trading volume of 1,292,796 shares, compared to its average volume of 1,686,918. The stock has a market cap of $14.07 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 2.95 and a beta of 0.45. The company has a quick ratio of 0.14, a current ratio of 0.77 and a debt-to-equity ratio of 0.20. The company's fifty day simple moving average is $111.94 and its 200 day simple moving average is $107.77. BJ's Wholesale Club Holdings, Inc. has a 1 year low of $76.33 and a 1 year high of $121.10.

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

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.