Wealth Alliance Purchases 405 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Wealth Alliance grew its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 13.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,467 shares of the company’s stock after acquiring an additional 405 shares during the quarter. Wealth Alliance’s holdings in BJ’s Wholesale Club were worth $231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Louisiana State Employees Retirement System bought a new position in shares of BJ’s Wholesale Club during the 4th quarter worth approximately $2,506,000. Simplicity Solutions LLC bought a new position in shares of BJ’s Wholesale Club during the 4th quarter worth approximately $719,000. Cerity Partners LLC bought a new position in shares of BJ’s Wholesale Club during the 4th quarter worth approximately $320,000. Allspring Global Investments Holdings LLC increased its holdings in BJ’s Wholesale Club by 73.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 78,619 shares of the company’s stock valued at $5,241,000 after purchasing an additional 33,254 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in BJ’s Wholesale Club during the 4th quarter valued at $5,745,000. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Up 1.6 %

Shares of BJ’s Wholesale Club stock opened at $73.75 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.73 and a debt-to-equity ratio of 0.27. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $60.33 and a 12 month high of $80.42. The business has a fifty day simple moving average of $73.91 and a 200 day simple moving average of $69.38. The stock has a market cap of $9.81 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 3.26 and a beta of 0.26.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, March 7th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. BJ’s Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The business had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.38 billion. During the same period in the previous year, the firm earned $1.00 earnings per share. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. Research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BJ. Gordon Haskett cut BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a report on Wednesday, February 7th. JPMorgan Chase & Co. raised their price target on BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an “underweight” rating in a report on Friday, March 1st. The Goldman Sachs Group raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and raised their price target for the company from $81.00 to $87.00 in a report on Monday, April 8th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $70.00 price target (down from $73.00) on shares of BJ’s Wholesale Club in a report on Thursday, January 4th. Finally, Loop Capital reaffirmed a “hold” rating and set a $80.00 price target (down from $85.00) on shares of BJ’s Wholesale Club in a report on Thursday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $74.40.

Insider Buying and Selling

In related news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction on Monday, April 15th. The stock was sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the sale, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at $998,459.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $77.37, for a total transaction of $77,370.00. Following the transaction, the senior vice president now directly owns 12,905 shares in the company, valued at $998,459.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Monica Schwartz sold 13,578 shares of BJ’s Wholesale Club stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $78.81, for a total value of $1,070,082.18. Following the transaction, the executive vice president now owns 13,545 shares in the company, valued at $1,067,481.45. The disclosure for this sale can be found here. Insiders sold a total of 98,840 shares of company stock valued at $7,408,605 over the last three months. Company insiders own 2.20% of the company’s stock.

About BJ’s Wholesale Club

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.