BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Purchased by Merit Financial Group LLC

Merit Financial Group LLC raised its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 145.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,461 shares of the company's stock after buying an additional 4,416 shares during the quarter. Merit Financial Group LLC's holdings in BJ's Wholesale Club were worth $851,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BJ. Envestnet Portfolio Solutions Inc. boosted its position in shares of BJ's Wholesale Club by 0.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company's stock worth $1,787,000 after purchasing an additional 105 shares in the last quarter. Covestor Ltd boosted its holdings in BJ's Wholesale Club by 66.5% in the fourth 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. Fifth Third Wealth Advisors LLC boosted its holdings in BJ's Wholesale Club by 2.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,915 shares of the company's stock worth $675,000 after acquiring an additional 119 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of BJ's Wholesale Club by 1.9% during the fourth quarter. Captrust Financial Advisors now owns 7,044 shares of the company's stock worth $629,000 after acquiring an additional 131 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of BJ's Wholesale Club by 4.6% during the fourth quarter. Venturi Wealth Management LLC now owns 2,983 shares of the company's stock valued at $267,000 after acquiring an additional 132 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

Insider Activity at BJ's Wholesale Club

In related news, Director Steven L. Ortega purchased 1,740 shares of BJ's Wholesale Club stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average price of $114.60 per share, for a total transaction of $199,404.00. Following the transaction, the director now directly owns 8,641 shares in the company, valued at approximately $990,258.60. This trade represents a 25.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Allan Steele sold 11,813 shares of BJ's Wholesale Club stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $107.59, for a total value of $1,270,960.67. Following the completion of the sale, the director now owns 24,351 shares in the company, valued at approximately $2,619,924.09. The trade was a 32.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 346,405 shares of company stock worth $39,457,128 in the last 90 days. Corporate insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BJ shares. UBS Group reiterated a "buy" rating and issued a $135.00 target price (up from $129.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. 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. Morgan Stanley upped their target price on BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Roth Capital reaffirmed a "neutral" rating and set a $106.00 price target (up previously from $101.00) on shares of BJ's Wholesale Club in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. increased their price objective on BJ's Wholesale Club from $109.00 to $123.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, BJ's Wholesale Club has an average rating of "Moderate Buy" and a consensus target price of $116.12.

BJ's Wholesale Club Stock Performance

Shares of NYSE:BJ traded up $0.98 during trading on Thursday, hitting $109.70. 1,065,040 shares of the stock traded hands, compared to its average volume of 1,663,405. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average price of $114.49 and a two-hundred day moving average price of $105.72. 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 cap of $14.49 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 4.50 and a beta of 0.47.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released 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 company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.18 billion. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm's revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business earned $0.85 earnings per share. As a group, equities analysts predict 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.