Trek Financial LLC Takes Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

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

Other institutional investors have also made changes to their positions in the company. Stratos Wealth Advisors LLC acquired a new position in BJ's Wholesale Club during the 1st quarter worth $218,000. Walter Public Investments Inc. boosted its position in BJ's Wholesale Club by 5.4% during the 1st quarter. Walter Public Investments Inc. now owns 258,751 shares of the company's stock worth $29,523,000 after acquiring an additional 13,279 shares during the period. Brown Advisory Inc. acquired a new position in BJ's Wholesale Club during the 1st quarter worth $258,000. Crossmark Global Holdings Inc. boosted its position in BJ's Wholesale Club by 1.1% during the 1st quarter. Crossmark Global Holdings Inc. now owns 9,604 shares of the company's stock worth $1,096,000 after acquiring an additional 109 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC acquired a new position in BJ's Wholesale Club during the 1st quarter worth $33,000. 98.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 17,900 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $111.98, for a total value of $2,004,442.00. Following the transaction, the chief executive officer owned 386,233 shares in the company, valued at approximately $43,250,371.34. This represents a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven L. Ortega acquired 1,740 shares of the company's 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 acquisition, the director directly owned 8,641 shares of the company's stock, valued at $990,258.60. The trade was a 25.21% increase in their position. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by corporate insiders.

BJ's Wholesale Club Stock Down 0.4%

BJ traded down $0.44 during trading on Tuesday, reaching $110.05. 99,701 shares of the stock traded hands, compared to its average volume of 1,680,400. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 3.03 and a beta of 0.45. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $76.33 and a fifty-two week high of $121.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.77 and a quick ratio of 0.14. The stock's 50-day simple moving average is $112.75 and its two-hundred day simple moving average is $107.59.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $5.18 billion. During the same period last year, the business earned $0.85 EPS. The business's quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BJ shares. Citigroup raised BJ's Wholesale Club from a "neutral" rating to a "buy" rating and raised their target price for the company from $115.00 to $130.00 in a research note on Thursday, April 3rd. Argus raised BJ's Wholesale Club to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird lifted their target price on BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Loop Capital reaffirmed a "hold" rating and set a $120.00 target price (up from $110.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Finally, Roth Capital reiterated a "neutral" rating and issued 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. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.12.

BJ's Wholesale Club Company 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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