Farther Finance Advisors LLC Has $287,000 Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Farther Finance Advisors LLC reduced its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 29.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,502 shares of the company’s stock after selling 1,057 shares during the period. Farther Finance Advisors LLC’s holdings in BJ’s Wholesale Club were worth $287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BJ. Norges Bank acquired a new position in shares of BJ’s Wholesale Club in the fourth quarter valued at about $135,344,000. Alliancebernstein L.P. lifted its holdings in shares of BJ’s Wholesale Club by 658.6% in the fourth quarter. Alliancebernstein L.P. now owns 1,523,218 shares of the company’s stock worth $136,100,000 after acquiring an additional 1,322,425 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of BJ’s Wholesale Club in the fourth quarter worth about $85,550,000. GAMMA Investing LLC raised its holdings in BJ’s Wholesale Club by 17,333.9% in the 1st quarter. GAMMA Investing LLC now owns 689,164 shares of the company’s stock valued at $78,634,000 after buying an additional 685,211 shares during the last quarter. Finally, Deutsche Bank AG increased its position in BJ’s Wholesale Club by 3,526.9% during the 4th quarter. Deutsche Bank AG now owns 595,571 shares of the company’s stock valued at $53,214,000 after purchasing an additional 579,150 shares during the period. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Up 0.6%

BJ stock opened at $109.52 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.14 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $114.23 and its 200 day moving average is $106.13. The stock has a market cap of $14.46 billion, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of 3.20 and a beta of 0.47. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $76.33 and a 1-year high of $121.10.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data 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 return on equity of 31.98% and a net margin of 2.76%. The firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.18 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. Sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling

In related news, 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 transaction of $251,454.00. Following the sale, the senior vice president now directly owns 14,240 shares of the company’s stock, valued at $1,705,097.60. This trade represents a 12.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP William C. Werner sold 14,192 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $117.64, for a total value of $1,669,546.88. Following the completion of the transaction, the executive vice president now directly owns 26,113 shares in the company, valued at $3,071,933.32. The trade was a 35.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 314,592 shares of company stock valued at $35,977,967 over the last quarter. 1.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. UBS Group reissued a “buy” rating and issued a $135.00 price target (up previously from $129.00) on shares of BJ’s Wholesale Club in a research report on Friday, May 23rd. The Goldman Sachs Group raised their price objective on BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Wells Fargo & Company reiterated an “overweight” rating and set a $127.00 target price (up from $125.00) on shares of BJ’s Wholesale Club in a research note on Friday, May 23rd. Morgan Stanley boosted their price objective on BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, May 23rd. Finally, Evercore ISI lowered their price objective on 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. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.12.

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.