Wealth Enhancement Advisory Services LLC Acquires 5,442 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Wealth Enhancement Advisory Services LLC grew its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 95.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,130 shares of the company’s stock after purchasing an additional 5,442 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in BJ’s Wholesale Club were worth $994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. increased its holdings in BJ’s Wholesale Club by 0.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company’s stock worth $1,787,000 after purchasing an additional 105 shares in the last quarter. Covestor Ltd boosted its holdings in shares of BJ’s Wholesale Club by 66.5% during the 4th quarter. Covestor Ltd now owns 288 shares of the company’s stock worth $26,000 after buying an additional 115 shares in the last quarter. Captrust Financial Advisors grew its position in shares of BJ’s Wholesale Club by 1.9% during the 4th quarter. Captrust Financial Advisors now owns 7,044 shares of the company’s stock worth $629,000 after buying an additional 131 shares during the period. Venturi Wealth Management LLC increased its stake in shares of BJ’s Wholesale Club by 4.6% in the 4th quarter. Venturi Wealth Management LLC now owns 2,983 shares of the company’s stock valued at $267,000 after acquiring an additional 132 shares in the last quarter. Finally, Cornerstone Investment Partners LLC increased its stake in shares of BJ’s Wholesale Club by 2.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 5,262 shares of the company’s stock valued at $470,000 after acquiring an additional 132 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Robert W. Eddy sold 280,400 shares of the company’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the transaction, the chief executive officer now owns 422,033 shares of the company’s stock, valued at $48,242,592.23. This represents a 39.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joseph Mcgrail sold 2,100 shares of the 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 $1,705,097.60. The trade was a 12.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 346,405 shares of company stock valued at $39,457,128. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

BJ has been the topic of several research analyst reports. Evercore ISI cut their target price on shares of BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 1st. Wall Street Zen upgraded shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. Robert W. Baird raised their target price on BJ’s Wholesale Club from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, May 23rd. UBS Group reaffirmed a “buy” rating and issued a $135.00 target price (up from $129.00) on shares of BJ’s Wholesale Club in a research report on Friday, May 23rd. Finally, Barclays upped their price target on BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.12.

BJ’s Wholesale Club Price Performance

BJ opened at $111.07 on Monday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $76.33 and a 1 year high of $121.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The company has a market capitalization of $14.67 billion, a price-to-earnings ratio of 26.70, a P/E/G ratio of 4.50 and a beta of 0.47. The firm’s fifty day moving average price is $114.93 and its two-hundred day moving average price is $105.59.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.23. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same period last year, the firm earned $0.85 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. As a group, analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

BJ’s Wholesale Club 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.