First Horizon Advisors Inc. Purchases 302 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

First Horizon Advisors Inc. boosted its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 36.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,126 shares of the company’s stock after acquiring an additional 302 shares during the period. First Horizon Advisors Inc.’s holdings in BJ’s Wholesale Club were worth $75,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Huntington National Bank raised its stake in BJ’s Wholesale Club by 159.9% during the 3rd quarter. Huntington National Bank now owns 668 shares of the company’s stock valued at $48,000 after purchasing an additional 411 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in BJ’s Wholesale Club during the fourth quarter worth about $78,000. GAMMA Investing LLC bought a new position in BJ’s Wholesale Club during the fourth quarter valued at about $88,000. Headlands Technologies LLC bought a new stake in shares of BJ’s Wholesale Club in the 3rd quarter worth approximately $89,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of BJ’s Wholesale Club during the 4th quarter worth approximately $102,000. 98.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BJ has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an “underweight” rating in a research report on Friday, March 1st. Gordon Haskett lowered shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research report on Wednesday, February 7th. The Goldman Sachs Group raised shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and increased their price target for the stock from $81.00 to $87.00 in a research report on Monday, April 8th. Evercore ISI reduced their target price on BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Finally, Loop Capital reissued a “hold” rating and set a $80.00 price objective (down previously from $85.00) on shares of BJ’s Wholesale Club in a report on Thursday, April 18th. One investment 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 data from MarketBeat.com, BJ’s Wholesale Club has a consensus rating of “Hold” and a consensus price target of $74.40.

BJ’s Wholesale Club Price Performance

BJ opened at $77.04 on Wednesday. The company has a fifty day moving average price of $75.36 and a two-hundred day moving average price of $69.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.14 and a current ratio of 0.73. The firm has a market capitalization of $10.24 billion, a PE ratio of 19.91, a P/E/G ratio of 3.20 and a beta of 0.27. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $60.33 and a 52 week high of $80.42.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, March 7th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The business had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.38 billion. BJ’s Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.00 earnings per share. As a group, analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

Insider Activity at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $76.70, for a total value of $843,700.00. Following the completion of the sale, the chief executive officer now owns 500,792 shares in the company, valued at approximately $38,410,746.40. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $76.70, for a total value of $843,700.00. Following the completion of the transaction, the chief executive officer now directly owns 500,792 shares in the company, valued at approximately $38,410,746.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 12,905 shares in the company, valued at $998,459.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 98,840 shares of company stock worth $7,408,605. 2.20% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Profile

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.