Wealthquest Corp purchased a new position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,954 shares of the company's stock, valued at approximately $310,000.
A number of other large investors have also bought and sold shares of BJ. IFP Advisors Inc lifted its stake in shares of BJ's Wholesale Club by 22.0% in the first quarter. IFP Advisors Inc now owns 510 shares of the company's stock valued at $58,000 after buying an additional 92 shares in the last quarter. Greenleaf Trust lifted its stake in shares of BJ's Wholesale Club by 4.3% in the first quarter. Greenleaf Trust now owns 2,450 shares of the company's stock valued at $280,000 after buying an additional 101 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of BJ's Wholesale Club by 3.5% in the first quarter. Venturi Wealth Management LLC now owns 3,087 shares of the company's stock valued at $352,000 after buying an additional 104 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of BJ's Wholesale Club by 1.1% during the first quarter. Crossmark Global Holdings Inc. now owns 9,604 shares of the company's stock valued at $1,096,000 after purchasing an additional 109 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of BJ's Wholesale Club by 66.5% during the fourth quarter. Covestor Ltd now owns 288 shares of the company's stock valued at $26,000 after purchasing an additional 115 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, EVP Paul Cichocki sold 43,825 shares of the business's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $106.65, for a total value of $4,673,936.25. Following the completion of the sale, the executive vice president directly owned 172,563 shares in the company, valued at approximately $18,403,843.95. The trade was a 20.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert W. Eddy sold 17,900 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total transaction of $1,916,732.00. Following the sale, the chief executive officer owned 368,333 shares of the company's stock, valued at $39,441,097.64. This represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,625 shares of company stock valued at $8,595,110 in the last quarter. Corporate insiders own 1.40% of the company's stock.
BJ's Wholesale Club Price Performance
NYSE:BJ traded up $4.11 during mid-day trading on Friday, hitting $110.01. 2,999,241 shares of the stock traded hands, compared to its average volume of 1,378,326. The business's 50-day moving average price is $108.89 and its 200 day moving average price is $109.26. The company has a market cap of $14.53 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 3.04 and a beta of 0.43. 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 quick ratio of 0.14, a current ratio of 0.77 and a debt-to-equity ratio of 0.20.
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, 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 business had revenue of $5.15 billion during the quarter, compared to analysts' expectations of $5.18 billion. During the same quarter in the previous year, the company earned $0.85 EPS. The business's quarterly revenue 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 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently weighed in on BJ shares. Roth Capital reissued a "neutral" rating and set a $106.00 price target (up from $101.00) on shares of BJ's Wholesale Club in a research report on Wednesday, May 28th. DA Davidson raised their price target on shares of BJ's Wholesale Club from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Wall Street Zen raised shares of BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Morgan Stanley raised their price target on shares of 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. Finally, Robert W. Baird raised their price target on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $111.00.
Check Out Our Latest Stock Analysis on BJ's Wholesale Club
BJ's Wholesale Club Company Profile
(
Free Report)
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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