Thrive Wealth Management LLC Takes Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Thrive Wealth Management LLC acquired a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,485 shares of the company's stock, valued at approximately $284,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BJ. Envestnet Portfolio Solutions Inc. raised its stake in shares of BJ's Wholesale Club by 0.5% in the fourth 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 during the last quarter. Covestor Ltd raised its stake in shares of 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 purchasing an additional 115 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in shares of 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 purchasing an additional 119 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of BJ's Wholesale Club by 1.9% in the fourth quarter. Captrust Financial Advisors now owns 7,044 shares of the company's stock worth $629,000 after purchasing an additional 131 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of BJ's Wholesale Club by 4.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,983 shares of the company's stock worth $267,000 after purchasing an additional 132 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BJ's Wholesale Club

In related news, CEO Robert W. Eddy sold 280,400 shares of BJ's Wholesale Club stock in a transaction on Monday, April 7th. The stock was sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the completion of the sale, the chief executive officer now owns 422,033 shares of the company's stock, valued at approximately $48,242,592.23. This trade represents a 39.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Allan Steele sold 11,813 shares of BJ's Wholesale Club stock in a transaction on Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the sale, the director now directly owns 24,351 shares of the company's stock, valued at $2,619,924.09. This represents a 32.67% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 346,405 shares of company stock valued at $39,457,128. Company insiders own 1.40% of the company's stock.

BJ's Wholesale Club Price Performance

BJ's Wholesale Club stock opened at $108.93 on Friday. BJ's Wholesale Club Holdings, Inc. has a one year low of $76.33 and a one year high of $121.10. The business has a fifty day moving average price of $115.00 and a 200-day moving average price of $105.19. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The firm has a market capitalization of $14.34 billion, a P/E ratio of 26.18, a PEG ratio of 4.50 and a beta of 0.59.

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, topping analysts' consensus estimates of $0.91 by $0.23. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.18 billion. During the same period last year, the company earned $0.85 earnings per share. The business's revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley increased their price target 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. UBS Group reaffirmed a "buy" rating and set a $135.00 price target (up from $129.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. The Goldman Sachs Group increased their price target on BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a research report on Monday, March 10th. Cowen reaffirmed a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, March 7th. Finally, Citigroup raised BJ's Wholesale Club from a "neutral" rating to a "buy" rating and increased their price target for the company from $115.00 to $130.00 in a research report on Thursday, April 3rd. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.

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