Geneos Wealth Management Inc. Buys 48,881 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Geneos Wealth Management Inc. grew its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 38,489.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,008 shares of the company's stock after buying an additional 48,881 shares during the quarter. Geneos Wealth Management Inc.'s holdings in BJ's Wholesale Club were worth $5,592,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BJ. IFP Advisors Inc lifted its position in BJ's Wholesale Club by 22.0% during the 1st quarter. IFP Advisors Inc now owns 510 shares of the company's stock worth $58,000 after buying an additional 92 shares in the last quarter. Greenleaf Trust increased its position in BJ's Wholesale Club by 4.3% during 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 period. Venturi Wealth Management LLC increased its position in BJ's Wholesale Club by 3.5% during 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 period. Crossmark Global Holdings Inc. increased its position in BJ's Wholesale Club by 1.1% during 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 period. Finally, Covestor Ltd increased its holdings in BJ's Wholesale Club by 66.5% in the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock valued at $26,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 98.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of BJ's Wholesale Club from $109.00 to $123.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Wall Street Zen raised shares of BJ's Wholesale Club from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Argus raised shares of BJ's Wholesale Club to a "hold" rating in a report on Friday, April 4th. UBS Group reissued a "buy" rating and issued a $135.00 target price (up from $129.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Finally, DA Davidson raised 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 report on Friday, May 23rd. 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $111.00.

Insiders Place Their Bets

In other news, Director Steven L. Ortega bought 1,740 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were purchased at an average price of $114.60 per share, for a total transaction of $199,404.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 completion of the transaction, the executive vice president owned 172,563 shares in the company, valued at $18,403,843.95. This represents a 20.25% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,625 shares of company stock valued at $8,595,110. 1.40% of the stock is currently owned by corporate insiders.

BJ's Wholesale Club Price Performance

BJ traded up $4.11 on Friday, reaching $110.01. The company had a trading volume of 2,999,241 shares, compared to its average volume of 1,829,648. The business has a 50 day simple moving average of $109.02 and a 200 day simple moving average of $109.03. The company has a market cap of $14.53 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 2.91 and a beta of 0.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.14 and a current ratio of 0.77. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $76.33 and a 52-week high of $121.10.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.91 by $0.23. The firm 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 business's revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. As a group, sell-side analysts anticipate 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.