Fox Hill Wealth Management Takes $3.53 Million Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Key Points

• Fox Hill Wealth Management acquired 30,959 shares of BJ's Wholesale Club, valued at approximately $3,532,000, making it the 10th largest position in its portfolio.
• Analysts have set new price targets for BJ's stock, with JPMorgan boosting its target from $109.00 to $123.00 and UBS raising it to $135.00, reflecting a generally optimistic outlook.
• In the last 90 days, insiders sold 138,061 shares of BJ's stock, indicating significant activity among company executives.

Fox Hill Wealth Management purchased a new position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 30,959 shares of the company's stock, valued at approximately $3,532,000. BJ's Wholesale Club makes up about 2.1% of Fox Hill Wealth Management's investment portfolio, making the stock its 10th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. Covestor Ltd boosted its position in shares of BJ's Wholesale Club by 66.5% in the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after purchasing an additional 115 shares in the last quarter. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of BJ's Wholesale Club in the 1st quarter worth approximately $33,000. HM Payson & Co. purchased a new position in BJ's Wholesale Club in the 1st quarter worth approximately $41,000. Bartlett & CO. Wealth Management LLC purchased a new position in BJ's Wholesale Club in the 1st quarter worth approximately $43,000. Finally, Wayfinding Financial LLC purchased a new position in BJ's Wholesale Club in the 1st quarter worth approximately $51,000. 98.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BJ shares. Roth Capital restated 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. Wells Fargo & Company restated 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. Citigroup boosted their price objective on shares of BJ's Wholesale Club from $40.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. UBS Group restated a "buy" rating and issued a $135.00 price objective on shares of BJ's Wholesale Club in a report on Wednesday. Finally, Evercore ISI boosted their price objective on shares of BJ's Wholesale Club from $115.00 to $117.00 and gave the stock an "in-line" rating in a report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $111.41.

Insider Transactions at BJ's Wholesale Club

In other BJ's Wholesale Club news, Director Steven L. Ortega purchased 1,740 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $114.60 per share, for a total transaction of $199,404.00. Following the purchase, the director directly owned 8,641 shares of the company's stock, valued at $990,258.60. The trade was a 25.21% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul Cichocki sold 58,436 shares of BJ's Wholesale Club stock in a transaction on Friday, August 1st. The stock was sold at an average price of $110.08, for a total transaction of $6,432,634.88. Following the transaction, the executive vice president owned 114,127 shares in the company, valued at $12,563,100.16. This represents a 33.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 138,061 shares of company stock worth $15,027,745 in the last 90 days. 1.40% of the stock is currently owned by insiders.

BJ's Wholesale Club Stock Performance

NYSE:BJ traded down $0.45 during trading hours on Thursday, reaching $102.98. The company had a trading volume of 1,357,778 shares, compared to its average volume of 1,794,545. The company has a current ratio of 0.77, a quick ratio of 0.14 and a debt-to-equity ratio of 0.20. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $76.33 and a 52 week high of $121.10. The firm has a market cap of $13.60 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 2.86 and a beta of 0.43. The firm's 50 day moving average price is $107.88 and its 200-day moving average price is $109.82.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $5.15 billion for the quarter, compared to analysts' expectations 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 was up 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 EPS. On average, analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current 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.