Commonwealth Equity Services LLC Grows Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Commonwealth Equity Services LLC grew its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 94.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,955 shares of the company’s stock after buying an additional 7,752 shares during the period. Commonwealth Equity Services LLC’s holdings in BJ’s Wholesale Club were worth $1,426,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BJ. Daiwa Securities Group Inc. grew its holdings in BJ’s Wholesale Club by 4.9% in the third quarter. Daiwa Securities Group Inc. now owns 3,840 shares of the company’s stock worth $317,000 after purchasing an additional 180 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in BJ’s Wholesale Club by 4.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 293,618 shares of the company’s stock worth $24,218,000 after buying an additional 11,205 shares during the last quarter. Townsquare Capital LLC increased its position in BJ’s Wholesale Club by 8.9% during the 3rd quarter. Townsquare Capital LLC now owns 49,348 shares of the company’s stock valued at $4,070,000 after buying an additional 4,031 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings in BJ’s Wholesale Club by 1.0% in the third quarter. Glenmede Trust Co. NA now owns 23,797 shares of the company’s stock worth $1,963,000 after acquiring an additional 229 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of BJ’s Wholesale Club by 1.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,970 shares of the company’s stock worth $2,389,000 after acquiring an additional 365 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Trading Down 0.5 %

BJ stock opened at $111.86 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $71.81 and a 52-week high of $118.40. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The firm has a market cap of $14.73 billion, a P/E ratio of 26.89, a PEG ratio of 4.50 and a beta of 0.28. The company’s 50-day simple moving average is $104.94 and its 200-day simple moving average is $94.82.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. The company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. As a group, equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Loop Capital lifted their target price on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a research note on Friday, March 7th. Wells Fargo & Company reissued an “overweight” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. Morgan Stanley raised their target price on BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, March 7th. UBS Group boosted their price target on BJ’s Wholesale Club from $108.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, Robert W. Baird lifted their target price on BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, BJ’s Wholesale Club has an average rating of “Moderate Buy” and a consensus price target of $108.71.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, Director Robert Allan Steele sold 11,813 shares of the firm’s stock in a transaction 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 transaction, the director now owns 24,351 shares in the company, valued at approximately $2,619,924.09. This trade represents a 32.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP William C. Werner sold 20,000 shares of BJ’s Wholesale Club stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total transaction of $2,208,200.00. Following the sale, the executive vice president now directly owns 31,308 shares in the company, valued at approximately $3,456,716.28. This trade represents a 38.98 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate 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.