Atria Wealth Solutions Inc. Has $501,000 Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Atria Wealth Solutions Inc. increased its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 81.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,395 shares of the company’s stock after buying an additional 1,972 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in BJ’s Wholesale Club were worth $501,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of BJ’s Wholesale Club by 92.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,456 shares of the company’s stock valued at $2,448,000 after acquiring an additional 10,326 shares during the last quarter. Contravisory Investment Management Inc. bought a new position in BJ’s Wholesale Club in the 1st quarter valued at about $9,805,000. iSAM Funds UK Ltd bought a new position in BJ’s Wholesale Club in the 4th quarter valued at about $843,000. FORA Capital LLC bought a new position in shares of BJ’s Wholesale Club during the 4th quarter worth approximately $936,000. Finally, Colonial River Investments LLC bought a new position in shares of BJ’s Wholesale Club during the 1st quarter worth approximately $308,000. 98.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, Director Steven L. Ortega purchased 1,740 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average cost of $114.60 per share, with a total value of $199,404.00. Following the purchase, the director owned 8,641 shares in the company, valued at approximately $990,258.60. This trade represents a 25.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert W. Eddy sold 17,900 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, July 1st. The stock was 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 approximately $39,441,097.64. This represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 138,061 shares of company stock worth $15,027,745. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BJ shares. Robert W. Baird raised their price target on shares of BJ’s Wholesale Club from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, May 23rd. Morgan Stanley upped their price target on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, May 23rd. Evercore ISI raised their target price on BJ’s Wholesale Club from $115.00 to $117.00 and gave the stock an “in-line” rating in a research note on Tuesday. UBS Group reissued a “buy” rating and issued a $135.00 price target on shares of BJ’s Wholesale Club in a research note on Wednesday. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $127.00 price target (up previously from $125.00) on shares of BJ’s Wholesale Club in a report on Friday, May 23rd. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $111.41.

BJ’s Wholesale Club Stock Down 4.1%

BJ opened at $103.51 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.14 and a debt-to-equity ratio of 0.20. 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 market capitalization of $13.67 billion, a PE ratio of 24.07, a PEG ratio of 2.99 and a beta of 0.43. The firm’s 50 day simple moving average is $108.00 and its two-hundred day simple moving average is $109.80.

BJ’s Wholesale Club (NYSE:BJ) last announced 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 firm had revenue of $5.15 billion for 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 company’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.85 EPS. As a group, equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current 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.