Sagespring Wealth Partners LLC Makes New $384,000 Investment in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Sagespring Wealth Partners LLC purchased a new position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,295 shares of the company's stock, valued at approximately $384,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in BJ's Wholesale Club in the fourth quarter worth about $135,344,000. Alliancebernstein L.P. raised its position in shares of BJ's Wholesale Club by 658.6% during the 4th quarter. Alliancebernstein L.P. now owns 1,523,218 shares of the company's stock valued at $136,100,000 after acquiring an additional 1,322,425 shares in the last quarter. Raymond James Financial Inc. acquired a new position in BJ's Wholesale Club in the fourth quarter worth $85,550,000. Franklin Resources Inc. increased its stake in BJ's Wholesale Club by 10.6% during the fourth quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company's stock valued at $470,775,000 after purchasing an additional 504,958 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of BJ's Wholesale Club by 11.8% in the 4th quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company's stock worth $208,218,000 after buying an additional 245,731 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors.

BJ's Wholesale Club Stock Down 2.4 %

BJ's Wholesale Club stock traded down $2.80 during mid-day trading on Monday, hitting $115.66. The company's stock had a trading volume of 264,818 shares, compared to its average volume of 1,636,636. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $73.01 and a 52-week high of $121.10. The firm's 50 day moving average is $110.18 and its 200 day moving average is $98.88. The company has a market cap of $15.23 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. On average, analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insider Activity at BJ's Wholesale Club

In other news, Director Robert Allan Steele sold 11,813 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $107.59, for a total value of $1,270,960.67. Following the sale, the director now directly owns 24,351 shares in the company, valued at approximately $2,619,924.09. This represents a 32.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Joseph Mcgrail sold 2,100 shares of the firm's stock in a transaction that occurred 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 $1,705,097.60. This trade represents a 12.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 328,505 shares of company stock worth $37,452,686 in the last ninety days. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. UBS Group upped their target price on BJ's Wholesale Club from $108.00 to $130.00 and gave the company a "buy" rating in a report on Friday, March 7th. Barclays boosted their target price on shares of BJ's Wholesale Club from $80.00 to $115.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Robert W. Baird lifted their price target on BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Evercore ISI decreased 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 report on Tuesday, April 1st. Finally, Loop Capital boosted their price target on BJ's Wholesale Club from $95.00 to $110.00 and gave the stock a "hold" rating in a research report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $110.82.

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.