Private Advisor Group LLC Has $520,000 Stock Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Private Advisor Group LLC increased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 11.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,302 shares of the company’s stock after acquiring an additional 662 shares during the period. Private Advisor Group LLC’s holdings in BJ’s Wholesale Club were worth $520,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BJ. Commonwealth Equity Services LLC increased its stake in BJ’s Wholesale Club by 11.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 10,547 shares of the company’s stock valued at $798,000 after buying an additional 1,121 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of BJ’s Wholesale Club by 231.3% during the 1st quarter. BNP Paribas Financial Markets now owns 222,461 shares of the company’s stock valued at $16,829,000 after buying an additional 155,316 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of BJ’s Wholesale Club by 1.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 10,570 shares of the company’s stock valued at $800,000 after buying an additional 200 shares in the last quarter. Valley Wealth Managers Inc. raised its position in shares of BJ’s Wholesale Club by 13.8% during the 1st quarter. Valley Wealth Managers Inc. now owns 220,515 shares of the company’s stock valued at $16,682,000 after buying an additional 26,685 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its position in BJ’s Wholesale Club by 1.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 116,734 shares of the company’s stock worth $8,831,000 after purchasing an additional 1,209 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Up 1.3 %

BJ’s Wholesale Club stock opened at $86.75 on Tuesday. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $63.08 and a twelve month high of $92.37. The business has a fifty day moving average of $83.11 and a two-hundred day moving average of $84.02. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The firm has a market cap of $11.50 billion, a P/E ratio of 21.91, a P/E/G ratio of 3.14 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.15 billion. During the same period last year, the firm earned $0.97 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BJ shares. Melius Research assumed coverage on shares of BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target on the stock. Roth Mkm boosted their price objective on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Wells Fargo & Company upgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $75.00 to $92.00 in a research report on Friday, August 23rd. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their price target for the company from $76.00 to $78.00 in a report on Monday, August 26th. Finally, Bank of America decreased their target price on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and an average target price of $86.31.

Insider Buying and Selling

In other news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the sale, the chief executive officer now owns 445,792 shares of the company’s stock, valued at approximately $35,395,884.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the transaction, the senior vice president now owns 13,566 shares in the company, valued at $1,133,710.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the completion of the transaction, the chief executive officer now owns 445,792 shares of the company’s stock, valued at $35,395,884.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,000 shares of company stock worth $2,818,390. Insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Profile

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.