Trek Financial LLC Makes New $5.80 Million Investment in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Trek Financial LLC acquired a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 50,850 shares of the company's stock, valued at approximately $5,802,000.

A number of other hedge funds have also bought and sold shares of the company. Stratos Wealth Advisors LLC bought a new position in shares of BJ's Wholesale Club in the first quarter worth about $218,000. Walter Public Investments Inc. grew its holdings in shares of BJ's Wholesale Club by 5.4% in the first quarter. Walter Public Investments Inc. now owns 258,751 shares of the company's stock worth $29,523,000 after purchasing an additional 13,279 shares during the last quarter. Brown Advisory Inc. bought a new position in shares of BJ's Wholesale Club in the first quarter worth about $258,000. Crossmark Global Holdings Inc. grew its holdings in shares of BJ's Wholesale Club by 1.1% in the first quarter. Crossmark Global Holdings Inc. now owns 9,604 shares of the company's stock worth $1,096,000 after purchasing an additional 109 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC bought a new position in shares of BJ's Wholesale Club in the first quarter worth about $33,000. Institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Trading Down 0.1%

Shares of NYSE BJ traded down $0.14 during trading on Friday, hitting $106.56. 1,292,796 shares of the company were exchanged, compared to its average volume of 1,686,918. BJ's Wholesale Club Holdings, Inc. has a 12-month low of $76.33 and a 12-month high of $121.10. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.14 and a current ratio of 0.77. The company has a fifty day moving average price of $111.94 and a 200-day moving average price of $107.77. The firm has a market capitalization of $14.07 billion, a PE ratio of 24.78, a P/E/G ratio of 2.95 and a beta of 0.45.

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 the consensus estimate of $0.91 by $0.23. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.18 billion. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%. The company's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 EPS. As a group, equities research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Activity at BJ's Wholesale Club

In related news, CEO Robert W. Eddy sold 17,900 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total value 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. The trade was a 4.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joseph Mcgrail sold 2,100 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total transaction of $251,454.00. Following the completion of the sale, the senior vice president owned 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. In the last ninety days, insiders have sold 37,900 shares of company stock worth $4,172,628. Company insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BJ. Robert W. Baird upped their price objective on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Loop Capital reaffirmed a "hold" rating and issued a $120.00 price objective (up from $110.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. DA Davidson upped their price objective on shares of BJ's Wholesale Club from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $127.00 price objective (up from $125.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Finally, Citigroup raised shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $115.00 to $130.00 in a research note on Thursday, April 3rd. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $116.12.

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.