Kestra Private Wealth Services LLC Acquires 5,691 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Kestra Private Wealth Services LLC lifted its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 206.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,453 shares of the company's stock after acquiring an additional 5,691 shares during the quarter. Kestra Private Wealth Services LLC's holdings in BJ's Wholesale Club were worth $964,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in BJ. Covestor Ltd boosted its stake in shares of BJ's Wholesale Club by 66.5% during the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after acquiring an additional 115 shares in the last quarter. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of BJ's Wholesale Club during the 1st quarter worth about $33,000. HM Payson & Co. acquired a new position in shares of BJ's Wholesale Club during the 1st quarter worth about $41,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of BJ's Wholesale Club during the 1st quarter worth about $43,000. Finally, Brown Brothers Harriman & Co. lifted its position in shares of BJ's Wholesale Club by 652.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock worth $47,000 after purchasing an additional 457 shares during the last quarter. Institutional investors own 98.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BJ shares. JPMorgan Chase & Co. boosted their price objective on BJ's Wholesale Club from $109.00 to $123.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Citigroup boosted their price objective on BJ's Wholesale Club from $40.00 to $43.00 and gave the stock a "neutral" rating in a research report on Wednesday. Roth Capital reissued a "neutral" rating and set a $106.00 price objective (up previously from $101.00) on shares of BJ's Wholesale Club in a research report on Wednesday, May 28th. Robert W. Baird boosted their price objective on BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Finally, Loop Capital reissued a "hold" rating and set a $120.00 price objective (up previously from $110.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $111.00.

Insider Activity

In other news, EVP Paul Cichocki sold 43,825 shares of the company'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 value of $4,673,936.25. Following the sale, the executive vice president directly owned 172,563 shares in the company, valued at approximately $18,403,843.95. This represents a 20.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Steven L. Ortega acquired 1,740 shares of the stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of $114.60 per share, for a total transaction of $199,404.00. Following the completion of the purchase, the director owned 8,641 shares in the company, valued at approximately $990,258.60. This trade represents a 25.21% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 79,625 shares of company stock worth $8,595,110. Company insiders own 1.40% of the company's stock.

BJ's Wholesale Club Price Performance

Shares of BJ stock traded up $0.64 during trading hours on Friday, hitting $104.19. The company had a trading volume of 1,525,221 shares, compared to its average volume of 1,572,981. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $76.33 and a 12 month high of $121.10. The firm has a market capitalization of $13.76 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 2.86 and a beta of 0.45. The firm's fifty day moving average is $110.04 and its 200 day moving average is $108.74. 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 (NYSE:BJ - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, beating 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 company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same period in the prior year, the company posted $0.85 EPS. The company's revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal 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.