12,643 Shares in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Bought by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC has acquired a new stake in BJ's Wholesale Club, buying 12,643 shares valued at approximately $1.44 million during the first quarter.
• Analysts have a positive outlook on BJ's Wholesale Club, with Wells Fargo and UBS both issuing buy ratings and raising price targets to $127.00 and $135.00, respectively.
• Insider trading revealed that CEO Robert W. Eddy sold 17,900 shares valued at approximately $1.92 million, which represents a 4.63% decrease in his ownership of the stock.

New Age Alpha Advisors LLC purchased a new position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,643 shares of the company's stock, valued at approximately $1,443,000.

Other large investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its stake in 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 purchasing an additional 10,326 shares during the last quarter. Contravisory Investment Management Inc. purchased a new position in shares of BJ's Wholesale Club during the first quarter valued at approximately $9,805,000. iSAM Funds UK Ltd purchased a new position in shares of BJ's Wholesale Club during the fourth quarter valued at approximately $843,000. FORA Capital LLC purchased a new position in shares of BJ's Wholesale Club during the fourth quarter valued at approximately $936,000. Finally, Colonial River Investments LLC purchased a new stake in BJ's Wholesale Club during the first quarter valued at approximately $308,000. Institutional investors own 98.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. UBS Group reaffirmed a "buy" rating and set a $135.00 target price (up from $129.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. DA Davidson upped their price target 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. Evercore ISI upped their price target on shares of BJ's Wholesale Club from $115.00 to $117.00 and gave the stock an "in-line" rating in a research report on Tuesday. Morgan Stanley upped their price target on shares of BJ's Wholesale Club from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $111.41.

Insider Buying and Selling

In other BJ's Wholesale Club news, Director Steven L. Ortega bought 1,740 shares of the stock in a transaction on Tuesday, May 27th. The shares were bought at an average price of $114.60 per share, with a total value of $199,404.00. Following the purchase, the director directly owned 8,641 shares in the company, valued at $990,258.60. This trade represents a 25.21% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert W. Eddy sold 17,900 shares of BJ's Wholesale Club stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $107.08, for a total transaction of $1,916,732.00. Following the sale, the chief executive officer directly owned 368,333 shares in the company, valued at approximately $39,441,097.64. This trade represents a 4.63% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 138,061 shares of company stock valued at $15,027,745. 1.40% of the stock is owned by corporate insiders.

BJ's Wholesale Club Trading Down 0.8%

BJ stock traded down $0.85 during trading on Tuesday, hitting $106.59. The company had a trading volume of 590,220 shares, compared to its average volume of 1,815,123. 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 Holdings, Inc. has a 52-week low of $76.33 and a 52-week high of $121.10. The company has a 50 day simple moving average of $108.24 and a 200-day simple moving average of $109.86. The firm has a market capitalization of $14.07 billion, a P/E ratio of 24.78, a PEG ratio of 2.99 and a beta of 0.43.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its earnings results on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.23. BJ's Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The company had revenue of $5.15 billion during the quarter, compared to analysts' expectations of $5.18 billion. During the same period last year, the business earned $0.85 EPS. BJ's Wholesale Club's revenue for the quarter was up 4.8% on a year-over-year basis. As a group, research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

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.