Diversify Advisory Services LLC Takes $514,000 Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Diversify Advisory Services LLC acquired a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 6,880 shares of the company’s stock, valued at approximately $514,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of BJ. Rise Advisors LLC bought a new stake in shares of BJ’s Wholesale Club during the 1st quarter worth about $26,000. Eagle Bay Advisors LLC bought a new stake in shares of BJ’s Wholesale Club during the 4th quarter worth about $40,000. Park Place Capital Corp boosted its holdings in shares of BJ’s Wholesale Club by 42.4% during the 1st quarter. Park Place Capital Corp now owns 1,095 shares of the company’s stock worth $83,000 after buying an additional 326 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of BJ’s Wholesale Club by 36.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,126 shares of the company’s stock worth $75,000 after buying an additional 302 shares during the period. Finally, Anchor Investment Management LLC bought a new stake in shares of BJ’s Wholesale Club during the 4th quarter worth about $78,000. Institutional investors own 98.60% of the company’s stock.

Insider Buying and Selling

In related news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the transaction, the senior vice president now directly owns 12,905 shares in the company, valued at approximately $998,459.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the sale, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at approximately $998,459.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $86.90, for a total transaction of $955,900.00. Following the sale, the chief executive officer now directly owns 467,792 shares in the company, valued at $40,651,124.80. The disclosure for this sale can be found here. Insiders sold a total of 50,684 shares of company stock worth $4,160,168 in the last three months. 2.00% of the stock is owned by corporate insiders.

BJ’s Wholesale Club Price Performance

BJ stock traded up $1.87 during trading on Friday, reaching $87.97. 1,822,176 shares of the company were exchanged, compared to its average volume of 1,234,677. The company has a 50-day moving average of $83.93 and a two-hundred day moving average of $75.28. The company has a market capitalization of $11.67 billion, a price-to-earnings ratio of 22.85, a P/E/G ratio of 3.06 and a beta of 0.23. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $62.28 and a twelve month high of $90.43. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.74 and a quick ratio of 0.14.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, May 23rd. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.86 billion. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. As a group, equities analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BJ has been the subject of several research analyst reports. The Goldman Sachs Group raised shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $81.00 to $87.00 in a report on Monday, April 8th. TD Cowen lifted their price objective on shares of BJ’s Wholesale Club from $93.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Robert W. Baird lifted their price objective on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. Barclays lifted their price objective on shares of BJ’s Wholesale Club from $72.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, May 24th. Finally, Loop Capital reiterated a “hold” rating and issued a $80.00 price objective (down previously from $85.00) on shares of BJ’s Wholesale Club in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, BJ’s Wholesale Club presently has an average rating of “Hold” and a consensus price target of $82.06.

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.