Fifth Third Wealth Advisors LLC Purchases 548 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Fifth Third Wealth Advisors LLC grew its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 10.4% during the 4th quarter, Holdings Channel reports. The firm owned 5,796 shares of the company’s stock after purchasing an additional 548 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in BJ’s Wholesale Club were worth $518,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Davis Capital Management bought a new position in BJ’s Wholesale Club in the third quarter valued at approximately $25,000. UMB Bank n.a. lifted its stake in shares of BJ’s Wholesale Club by 375.6% in the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after purchasing an additional 293 shares during the period. Reston Wealth Management LLC bought a new position in shares of BJ’s Wholesale Club in the 3rd quarter worth $41,000. Benjamin Edwards Inc. grew its stake in shares of BJ’s Wholesale Club by 394.5% during the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock worth $55,000 after purchasing an additional 501 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in BJ’s Wholesale Club in the third quarter valued at about $55,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BJ shares. Jefferies Financial Group boosted their target price on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Melius Research initiated coverage on shares of BJ’s Wholesale Club in a report on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective for the company. Roth Mkm upped their target price on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Morgan Stanley lifted their price target on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Finally, UBS Group upped their price objective on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and an average target price of $94.00.

BJ’s Wholesale Club Stock Up 2.8 %

BJ stock opened at $94.51 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The stock has a market capitalization of $12.48 billion, a P/E ratio of 22.72, a P/E/G ratio of 4.54 and a beta of 0.32. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $64.06 and a fifty-two week high of $100.74. The business has a 50-day moving average of $93.18 and a 200-day moving average of $87.88.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.29. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. The business’s revenue was up 3.5% on a year-over-year basis. On average, sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current fiscal year.

Insider Activity at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the completion of the transaction, the chief executive officer now directly owns 423,792 shares of the company’s stock, valued at approximately $36,221,502.24. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.00% of the stock is owned by insiders.

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.