Vestmark Advisory Solutions Inc. buys 1,101 shares of BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ)

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Vestmark Advisory Solutions Inc. increased its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ – Get Rating) 23.9% in the first quarter, according to the company in its latest SEC filing. The institutional investor held 5,715 shares of the company after purchasing an additional 1,101 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in BJ’s Wholesale Club were worth $386,000 at the end of the last quarter.

A number of other institutional investors and hedge funds also bought and sold shares of the company. City State Bank bought a new stake in the shares of BJ’s Wholesale Club in the fourth quarter for a value of approximately $25,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of BJ’s Wholesale Club in the fourth quarter for a value of approximately $26,000. South Dakota’s Sageworth Trust Co bought a new stake in BJ’s Wholesale Club stock in the fourth quarter for about $26,000. National Bank of Canada FI purchased a new stake in the shares of BJ’s Wholesale Club in the fourth quarter for a value of approximately $31,000. Finally, First Horizon Advisors Inc. increased its stake in BJ’s Wholesale Club shares by 108.1% in the fourth quarter. First Horizon Advisors Inc. now owns 793 shares of the company worth $53,000 after acquiring an additional 412 shares during the period. 99.98% of the shares are currently held by institutional investors.

A Wall Street analyst gives his opinion

A number of analysts have recently commented on the stock. Robert W. Baird reiterated an “outperform” rating and posted a $70.00 price target on BJ’s Wholesale Club stock in a research note on Monday, May 23. Deutsche Bank Aktiengesellschaft raised its price target on BJ’s Wholesale Club shares from $70.00 to $74.00 in a Friday, May 20 research report. Citigroup raised its target price on shares of BJ’s Wholesale Club from $58.00 to $63.00 and gave the company a “neutral” rating in a Friday, May 20 research report. Finally, Jefferies Financial Group raised its price target on shares of BJ’s Wholesale Club from $69.00 to $72.00 in a Thursday, June 2 research report. One financial analyst gave the stock a sell rating, six gave the company a hold rating and ten gave the company a buy rating. According to MarketBeat.com, BJ’s Wholesale Club has an average rating of “Moderate Buy” and an average price target of $65.64.

BJ Wholesale Club Price Performance

NYSE:BJ shares opened at $69.87 on Monday. The company has a debt ratio of 1.04, a current ratio of 0.80 and a quick ratio of 0.14. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $46.50 and a 1-year high of $74.09. The company has a market capitalization of $9.45 billion, a P/E ratio of 21.05, a P/E/G ratio of 2.37 and a beta of 0.45. The company’s 50-day simple moving average is $61.40 and its two-hundred-day simple moving average is $63.16.

BJ’s Wholesale Club (NYSE:BJ – Get Rating) last released its quarterly results on Thursday, May 19. The company reported earnings per share of $0.87 for the quarter, beating the consensus estimate of $0.73 by $0.14. BJ’s Wholesale Club achieved a net margin of 2.65% and a return on equity of 77.13%. The company posted revenue of $4.50 billion for the quarter, versus a consensus estimate of $4.24 billion. In the same quarter of the previous year, the company made earnings per share of $0.72. The company’s revenue for the quarter increased 16.2% year over year. Research analysts expect BJ’s Wholesale Club Holdings, Inc. to post EPS of 3.3 for the current fiscal year.

Insider Trading at BJ’s Wholesale Club

Separately, executive vice president Jeff Desroches sold 15,000 shares of the company in a trade on Friday, July 8. The shares were sold at an average price of $66.58, for a total value of $998,700.00. Following the transaction, the executive vice president now owns 93,597 shares of the company, valued at $6,231,688.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Separately, executive vice president Jeff Desroches sold 15,000 shares of the company in a trade on Friday, July 8. The shares were sold at an average price of $66.58, for a total value of $998,700.00. Following the transaction, the executive vice president now owns 93,597 shares of the company, valued at $6,231,688.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Additionally, Executive Vice President Scott Kessler sold 9,514 shares of the company in a trade on Wednesday, June 15. The stock was sold at an average price of $59.31, for a total transaction of $564,275.34. Following completion of the transaction, the executive vice president now directly owns 128,326 shares of the company, valued at approximately $7,611,015.06. The disclosure of this sale can be found here. During the last quarter, insiders sold 46,639 shares of the company valued at $2,981,849. 2.10% of the shares are currently held by company insiders.

About BJ’s Wholesale Club

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BJ’s Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the East Coast of the United States. It provides perishables, general merchandise, gasoline and other ancillary services. The Company sells its products through the BJs.com, BerkleyJensen.com, Wellsleyfarms.com and Delivery.bjs.com websites and mobile application.

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Institutional ownership by quarter for BJ's Wholesale Club (NYSE: BJ)



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