Wealth Enhancement Advisory Services LLC Buys 10,326 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Wealth Enhancement Advisory Services LLC boosted its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 92.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,456 shares of the company's stock after acquiring an additional 10,326 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in BJ's Wholesale Club were worth $2,448,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BJ. Covestor Ltd boosted its holdings in shares of BJ's Wholesale Club by 66.5% during the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock valued at $26,000 after buying an additional 115 shares in the last quarter. Tortoise Investment Management LLC boosted its holdings in shares of BJ's Wholesale Club by 78.7% during the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock valued at $47,000 after buying an additional 233 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of BJ's Wholesale Club by 652.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock valued at $47,000 after buying an additional 457 shares in the last quarter. State of Wyoming bought a new stake in shares of BJ's Wholesale Club during the 4th quarter valued at $69,000. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of BJ's Wholesale Club by 9,700.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 784 shares of the company's stock valued at $70,000 after buying an additional 776 shares in the last quarter. Institutional investors own 98.60% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BJ. Barclays lifted their price target on BJ's Wholesale Club from $80.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Loop Capital reaffirmed a "hold" rating and issued a $120.00 price target (up previously from $110.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Morgan Stanley lifted their price target on 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. Robert W. Baird lifted their price target on BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $127.00 price target (up previously from $125.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, BJ's Wholesale Club currently has a consensus rating of "Moderate Buy" and an average target price of $116.12.

BJ's Wholesale Club Price Performance

Shares of NYSE:BJ opened at $114.40 on Friday. 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 business has a 50-day simple moving average of $113.39 and a two-hundred day simple moving average of $106.99. 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 firm has a market cap of $15.11 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 3.35 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. BJ's Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.18 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. On average, analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insider Activity

In other news, CEO Robert W. Eddy sold 280,400 shares of the company's stock in a transaction dated Monday, April 7th. The shares were 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 $48,242,592.23. This represents a 39.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William C. Werner sold 14,192 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $117.64, for a total transaction of $1,669,546.88. Following the sale, the executive vice president now directly owns 26,113 shares of the company's stock, valued at $3,071,933.32. The trade was a 35.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold 314,592 shares of company stock valued at $35,977,967 in the last quarter. 1.40% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.