Tectonic Advisors LLC increased its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) by 12.1% during the first quarter, the company said in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,973 shares of the company’s stock after purchasing an additional 429 shares during the period. Tectonic Advisors LLC’s holdings in BJ’s Wholesale Club were worth $301,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also changed their hold on the company. Rise Advisors LLC acquired a new stake in shares of BJ’s Wholesale Club in the first quarter valued at about $26,000. Eagle Bay Advisors LLC acquired a new stake in BJ’s Wholesale Club in the fourth quarter valued at about $40,000. Park Place Capital Corp increased its stake in BJ’s Wholesale Club by 42.4% in the first quarter. Park Place Capital Corp now owns 1,095 shares of the company’s stock valued at $83,000 after acquiring an additional 326 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of BJ’s Wholesale Club by 36.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,126 shares of the company’s stock valued at $75,000 after acquiring an additional 302 shares in the last quarter. Finally, Anchor Investment Management LLC acquired a new position in shares of BJ’s Wholesale Club in the 4th quarter valued at $78,000. 98.60% of the shares are owned by institutional investors.
Insider Buying and Selling at BJ’s Wholesale Club
In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock on Monday, July 1. The shares were sold at an average price of $86.90, for a total transaction of $955,900.00. Following the completion of the sale, the CEO now owns 467,792 shares of the company’s stock, valued at approximately $40,651,124.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC’s website. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock on Monday, July 1. The shares were sold at an average price of $86.90, for a total transaction of $955,900.00. Following the completion of the transaction, the CEO now owns 467,792 shares of the company’s stock, valued at approximately $40,651,124.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC’s website. Also, EVP Jeff Desroches sold 14,106 shares of the company’s stock in a transaction that occurred on Friday, May 31. The shares were sold at an average price of $86.00, for a total value of $1,213,116.00. Following the completion of the sale, the Executive Vice President now directly owns 87,294 shares of the company’s stock, valued at $7,507,284. The disclosure regarding this sale can be found here. Insiders own 2.00% of the company’s stock.
Upgrades and downgrades by analysts
Several research analysts have issued reports on the company. Barclays increased their price target on BJ’s Wholesale Club from $72.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, May 24th. Goldman Sachs Group upgraded BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and raised their price target on the stock from $81.00 to $87.00 in a research report on Monday, April 8th. DA Davidson increased their price target on BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Loop Capital raised their price target on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday. Finally, TD Cowen raised their price target on shares of BJ’s Wholesale Club from $93.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 24. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, and seven have given the stock a buy rating. According to MarketBeat.com, BJ’s Wholesale Club has a consensus rating of “Hold” and an average price target of $82.35.
Check out our latest stock report on BJ’s Wholesale Club
BJ’s Wholesale Club trading up 0.2%
BJ’s Wholesale Club shares rose $0.22 on Monday, reaching $90.61. 170,318 shares of the company traded hands, compared to its average volume of 1,492,868. The company has a debt-to-equity ratio of 0.26, a current debt ratio of 0.14 and a current account ratio of 0.74. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $62.28 and a 52-week high of $92.37. The company’s 50-day moving average is $85.37 and its 200-day moving average is $76.21. The company has a market capitalization of $12.02 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 3.21 and a beta of 0.23.
BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last announced its quarterly results on Thursday, May 23. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.86 billion. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The company’s quarterly revenue grew by 4.1% compared to the same quarter last year. During the same quarter last year, the company generated earnings per share of $0.85. Sell-side analysts forecast that BJ’s Wholesale Club Holdings, Inc. will report earnings per share of $3.91 for the current fiscal year.
BJ’s Wholesale Club Profile
(Free report)
BJ’s Wholesale Club Holdings, Inc., together with its subsidiaries, operates warehouse clubs in the eastern half of the United States. It offers groceries, general merchandise, gasoline and other ancillary services, coupon books and special offers. The company sells its products through the websites BJs.com, BerkleyJensen.com and Wellsleyfarms.com and through the mobile app.
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