Brown Advisory Inc. Invests $258,000 in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Brown Advisory Inc. acquired a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,263 shares of the company’s stock, valued at approximately $258,000.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd increased its stake 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 purchasing an additional 115 shares during the last quarter. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of BJ’s Wholesale Club during the 1st quarter worth about $33,000. HM Payson & Co. acquired a new position in shares of BJ’s Wholesale Club during the 1st quarter worth about $41,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of BJ’s Wholesale Club during the 1st quarter worth about $43,000. Finally, Wayfinding Financial LLC acquired a new position in shares of BJ’s Wholesale Club during the 1st quarter worth about $51,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Robert W. Baird upped their price target on shares of 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. Argus upgraded shares of BJ’s Wholesale Club to a “hold” rating in a research note on Friday, April 4th. UBS Group reiterated 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 note on Friday, May 23rd. DA Davidson upped their price target on shares of BJ’s Wholesale Club from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of BJ’s Wholesale Club from $109.00 to $123.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and an average price target of $116.12.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, Director Steven L. Ortega purchased 1,740 shares of the company’s stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average price of $114.60 per share, with a total value of $199,404.00. Following the completion of the purchase, the director owned 8,641 shares of the company’s stock, valued at approximately $990,258.60. The trade was a 25.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Robert W. Eddy sold 17,900 shares of the firm’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total transaction of $1,916,732.00. Following the transaction, the chief executive officer directly owned 368,333 shares of the company’s stock, valued at $39,441,097.64. The trade was a 4.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,625 shares of company stock valued at $8,595,110 in the last quarter. Insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Stock Performance

Shares of BJ’s Wholesale Club stock opened at $104.00 on Thursday. The company has a 50 day moving average of $111.11 and a 200-day moving average of $108.01. 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 current ratio of 0.77, a quick ratio of 0.14 and a debt-to-equity ratio of 0.20. The company has a market cap of $13.73 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 2.91 and a beta of 0.45.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.91 by $0.23. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.18 billion. BJ’s Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. As a group, equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

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.