Janney Montgomery Scott LLC Sells 2,830 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Janney Montgomery Scott LLC cut its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,924 shares of the company's stock after selling 2,830 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of BJ's Wholesale Club worth $8,777,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. purchased a new position in BJ's Wholesale Club in the first quarter valued at $46,020,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of BJ's Wholesale Club by 92.8% during the 1st 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 during the period. Fifth Third Bancorp increased its stake in shares of BJ's Wholesale Club by 23.8% during the 1st quarter. Fifth Third Bancorp now owns 1,664 shares of the company's stock worth $190,000 after purchasing an additional 320 shares in the last quarter. Simon Quick Advisors LLC increased its stake in shares of BJ's Wholesale Club by 8.8% during the 1st quarter. Simon Quick Advisors LLC now owns 28,268 shares of the company's stock worth $3,225,000 after purchasing an additional 2,285 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in BJ's Wholesale Club by 52.8% in the 1st quarter. GAMMA Investing LLC now owns 6,040 shares of the company's stock worth $689,000 after acquiring an additional 2,087 shares during the period. Hedge funds and other institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Stock Up 1.8%

NYSE BJ traded up $1.95 during trading hours on Friday, hitting $110.23. 1,630,782 shares of the company were exchanged, compared to its average volume of 1,666,814. 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 $14.56 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 3.24 and a beta of 0.47. 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 has a 50 day moving average of $113.81 and a two-hundred day moving average of $106.40.

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, beating the consensus estimate of $0.91 by $0.23. The business had revenue of $5.15 billion during the quarter, compared to analysts' expectations of $5.18 billion. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%. The company's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. Equities research analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insider Buying and Selling at BJ's Wholesale Club

In related news, EVP William C. Werner sold 14,192 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $117.64, for a total value of $1,669,546.88. Following the completion of the transaction, the executive vice president now directly owns 26,113 shares of the company's stock, valued at $3,071,933.32. This represents a 35.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert W. Eddy sold 17,900 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $111.98, for a total value of $2,004,442.00. Following the completion of the sale, the chief executive officer now owns 386,233 shares of the company's stock, valued at $43,250,371.34. The trade was a 4.43% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 314,592 shares of company stock valued at $35,977,967. Company insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

BJ has been the topic of several recent research reports. Wall Street Zen upgraded shares of BJ's Wholesale Club from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. The Goldman Sachs Group raised their price objective on shares of BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Citigroup raised shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and increased their target price for the company from $115.00 to $130.00 in a research note on Thursday, April 3rd. Morgan Stanley upped their price objective on shares of BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Finally, Cowen restated a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, March 7th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $116.12.

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.