Wealthquest Corp Makes New Investment in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Wealthquest Corp purchased a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,954 shares of the company's stock, valued at approximately $310,000.

Other hedge funds have also recently made changes to their positions in the company. Clearbridge Investments LLC boosted its stake in shares of BJ's Wholesale Club by 11.8% during the fourth quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company's stock valued at $208,218,000 after purchasing an additional 245,731 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of BJ's Wholesale Club during the first quarter valued at about $9,805,000. Intech Investment Management LLC boosted its stake in shares of BJ's Wholesale Club by 278.6% during the fourth quarter. Intech Investment Management LLC now owns 53,968 shares of the company's stock valued at $4,822,000 after purchasing an additional 39,713 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of BJ's Wholesale Club by 151.8% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 19,784 shares of the company's stock valued at $1,768,000 after purchasing an additional 11,928 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in shares of BJ's Wholesale Club during the fourth quarter worth about $307,000. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ's Wholesale Club Stock Down 0.2%

Shares of NYSE BJ traded down $0.20 during midday trading on Thursday, hitting $113.56. 1,651,735 shares of the stock traded hands, compared to its average volume of 1,667,709. The company has a market cap of $14.99 billion, a PE ratio of 26.41, a P/E/G ratio of 3.35 and a beta of 0.47. 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 50 day moving average price of $113.57 and a two-hundred day moving average price of $106.71. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.14 and a current ratio of 0.77.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.91 by $0.23. The firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 earnings per share. On average, equities analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Activity at BJ's Wholesale Club

In other BJ's Wholesale Club news, SVP Joseph Mcgrail sold 2,100 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total value of $251,454.00. Following the transaction, the senior vice president now owns 14,240 shares of the company's stock, valued at approximately $1,705,097.60. The trade was a 12.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert W. Eddy sold 17,900 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 386,233 shares in the company, valued at approximately $43,250,371.34. This represents a 4.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 314,592 shares of company stock valued at $35,977,967 over the last 90 days. Insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BJ shares. Roth Capital restated a "neutral" rating and set a $106.00 price objective (up from $101.00) on shares of BJ's Wholesale Club in a research report on Wednesday, May 28th. Wells Fargo & Company restated an "overweight" rating and set a $127.00 price objective (up from $125.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. UBS Group restated a "buy" rating and set a $135.00 price objective (up from $129.00) on shares of BJ's Wholesale Club in a research report on Friday, May 23rd. Barclays raised their price objective 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. Finally, Evercore ISI lowered their price objective on BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, BJ's Wholesale Club currently has a consensus rating of "Moderate Buy" and a consensus price target 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.