Janney Montgomery Scott LLC Has $8.78 Million Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Janney Montgomery Scott LLC lowered its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 3.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,924 shares of the company's stock after selling 2,830 shares during the quarter. Janney Montgomery Scott LLC owned about 0.06% of BJ's Wholesale Club worth $8,777,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of BJ. Norges Bank bought a new stake in BJ's Wholesale Club during the fourth quarter worth approximately $135,344,000. Alliancebernstein L.P. lifted its stake in shares of BJ's Wholesale Club by 658.6% in the fourth quarter. Alliancebernstein L.P. now owns 1,523,218 shares of the company's stock worth $136,100,000 after buying an additional 1,322,425 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of BJ's Wholesale Club during the 4th quarter worth $85,550,000. GAMMA Investing LLC grew its stake in BJ's Wholesale Club by 17,333.9% in the 1st quarter. GAMMA Investing LLC now owns 689,164 shares of the company's stock valued at $78,634,000 after buying an additional 685,211 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in BJ's Wholesale Club by 3,526.9% in the 4th quarter. Deutsche Bank AG now owns 595,571 shares of the company's stock worth $53,214,000 after acquiring an additional 579,150 shares during the period. Institutional investors and hedge funds own 98.60% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BJ. The Goldman Sachs Group upped their price target on shares of BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a report on Monday, March 10th. Argus upgraded BJ's Wholesale Club to a "hold" rating in a research note on Friday, April 4th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $127.00 target price (up previously from $125.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Loop Capital reaffirmed a "hold" rating and issued a $120.00 price target (up from $110.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Finally, DA Davidson increased their price objective on BJ's Wholesale Club from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.12.

BJ's Wholesale Club Price Performance

Shares of BJ traded down $0.62 during mid-day trading on Tuesday, reaching $114.19. The company had a trading volume of 1,369,055 shares, compared to its average volume of 1,666,298. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.77 and a quick ratio of 0.14. The company has a market capitalization of $15.08 billion, a P/E ratio of 26.56, a P/E/G ratio of 3.24 and a beta of 0.47. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $76.33 and a twelve month high of $121.10. The company's 50-day moving average is $113.71 and its 200-day moving average is $106.61.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings data 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 return on equity of 31.98% and a net margin of 2.76%. The firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.18 billion. During the same period in the prior year, the company posted $0.85 earnings per share. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Buying and Selling at BJ's Wholesale Club

In other news, CEO Robert W. Eddy sold 17,900 shares of BJ's Wholesale Club stock in a transaction that occurred 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 transaction, the chief executive officer now owns 386,233 shares in the company, valued at approximately $43,250,371.34. The trade was a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Joseph Mcgrail sold 2,100 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total value of $251,454.00. Following the sale, the senior vice president now owns 14,240 shares in the company, valued at approximately $1,705,097.60. This trade represents a 12.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 314,592 shares of company stock worth $35,977,967 over the last ninety days. Corporate insiders own 1.40% of the company's stock.

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.