Fielder Capital Group LLC Takes $276,000 Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Key Points

• Fielder Capital Group LLC has purchased a $276,000 stake in BJ's Wholesale Club, acquiring 2,417 shares of the company's stock.
• Analysts have recently increased their price targets on BJ's Wholesale Club, with JPMorgan Chase raising it from $109.00 to $123.00 and Wells Fargo upgrading to $127.00.
• After reporting quarterly earnings of $1.14 EPS, BJ's Wholesale Club's revenue was up 4.8% year-over-year, although it slightly missed analyst estimates of $5.18 billion.

Fielder Capital Group LLC bought a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,417 shares of the company's stock, valued at approximately $276,000.

A number of other hedge funds also recently modified their holdings of the business. IFP Advisors Inc increased its stake in shares of BJ's Wholesale Club by 22.0% in the first quarter. IFP Advisors Inc now owns 510 shares of the company's stock worth $58,000 after acquiring an additional 92 shares during the last quarter. Greenleaf Trust increased its stake in shares of BJ's Wholesale Club by 4.3% in the first quarter. Greenleaf Trust now owns 2,450 shares of the company's stock worth $280,000 after acquiring an additional 101 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of BJ's Wholesale Club by 3.5% in the first quarter. Venturi Wealth Management LLC now owns 3,087 shares of the company's stock worth $352,000 after acquiring an additional 104 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of BJ's Wholesale Club by 1.1% in the first quarter. Crossmark Global Holdings Inc. now owns 9,604 shares of the company's stock worth $1,096,000 after acquiring an additional 109 shares during the last quarter. Finally, Covestor Ltd increased its stake in shares of 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 acquiring an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BJ. JPMorgan Chase & Co. upped their price objective on shares of BJ's Wholesale Club from $109.00 to $123.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Wells Fargo & Company reiterated an "overweight" rating and issued a $127.00 price objective (up from $125.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Argus upgraded shares of BJ's Wholesale Club to a "hold" rating in a report on Friday, April 4th. Roth Capital reiterated a "neutral" rating and issued a $106.00 price objective (up from $101.00) on shares of BJ's Wholesale Club in a report on Wednesday, May 28th. Finally, Evercore ISI decreased their price objective on shares of BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $111.00.

BJ's Wholesale Club Stock Up 0.6%

NYSE BJ opened at $104.19 on Monday. 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 firm has a 50-day simple moving average of $110.04 and a 200 day simple moving average of $108.97. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $76.33 and a twelve month high of $121.10. The stock has a market cap of $13.76 billion, a PE ratio of 24.23, a PEG ratio of 2.88 and a beta of 0.45.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share (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 firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.18 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. The company's quarterly revenue was up 4.8% compared to the same quarter last year. On average, research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Buying and Selling

In other news, CEO Robert W. Eddy sold 17,900 shares of the firm's stock in a transaction that occurred on 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 owned 368,333 shares of the company's stock, valued at approximately $39,441,097.64. This trade represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Paul Cichocki sold 43,825 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $106.65, for a total transaction of $4,673,936.25. Following the sale, the executive vice president directly owned 172,563 shares of the company's stock, valued at approximately $18,403,843.95. The trade was a 20.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,625 shares of company stock valued at $8,595,110 over the last quarter. Corporate 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.

Want to see what other hedge funds are holding BJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.