Harvest Fund Management Co. Ltd Takes $383,000 Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Key Points

• Harvest Fund Management Co. Ltd has acquired a new position in BJ's Wholesale Club Holdings, Inc. with a stake valued at approximately $383,000, indicating institutional interest in the company.
• Analysts have set a consensus price target of $111.00 for BJ's stock, with a majority rating it as a "Moderate Buy," reflecting positive sentiment among market experts.
• CEO Robert W. Eddy and EVP Paul Cichocki recently sold significant shares, reducing their holdings, which raises questions about insider sentiment following these transactions.

Harvest Fund Management Co. Ltd acquired a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,350 shares of the company's stock, valued at approximately $383,000.

A number of other institutional investors have also recently added to or reduced their stakes in BJ. IFP Advisors Inc increased its holdings in shares of 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 during the last quarter. Greenleaf Trust grew 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 valued at $280,000 after acquiring an additional 101 shares during the period. Venturi Wealth Management LLC increased its stake 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 last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of BJ's Wholesale Club by 1.1% in the 1st quarter. Crossmark Global Holdings Inc. now owns 9,604 shares of the company's stock worth $1,096,000 after purchasing an additional 109 shares during the period. Finally, Covestor Ltd raised its holdings 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 during the period. Hedge funds and other institutional investors own 98.60% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Citigroup boosted their target price on BJ's Wholesale Club from $40.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Robert W. Baird boosted their price objective on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. DA Davidson increased their price objective on shares of BJ's Wholesale Club from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Argus raised shares of BJ's Wholesale Club to a "hold" rating in a research note on Friday, April 4th. Finally, Wall Street Zen raised shares of BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.00.

BJ's Wholesale Club Price Performance

BJ stock opened at $105.13 on Thursday. The stock's 50 day moving average is $109.23 and its two-hundred day moving average is $108.96. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $76.33 and a 52-week high of $121.10. The company has a market capitalization of $13.88 billion, a PE ratio of 24.45, a P/E/G ratio of 2.90 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.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.23. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.85 earnings per share. Analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Paul Cichocki sold 43,825 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 172,563 shares in the company, valued at $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 a total of 79,625 shares of company stock valued at $8,595,110 in the last ninety days. Corporate insiders own 1.40% of the company's stock.

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.

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.