Mount Yale Investment Advisors LLC Boosts Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Mount Yale Investment Advisors LLC raised its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 95.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,960 shares of the company’s stock after buying an additional 3,883 shares during the period. Mount Yale Investment Advisors LLC’s holdings in BJ’s Wholesale Club were worth $602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of BJ’s Wholesale Club by 13.0% in the fourth quarter. Victory Capital Management Inc. now owns 5,136,282 shares of the company’s stock valued at $342,385,000 after purchasing an additional 590,113 shares during the period. Putnam Investments LLC grew its stake in BJ’s Wholesale Club by 4.3% in the fourth quarter. Putnam Investments LLC now owns 3,647,981 shares of the company’s stock valued at $243,174,000 after purchasing an additional 150,414 shares during the last quarter. Bessemer Group Inc. raised its holdings in BJ’s Wholesale Club by 1.8% in the first quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock worth $235,946,000 after purchasing an additional 56,442 shares in the last quarter. Fiduciary Management Inc. WI lifted its position in shares of BJ’s Wholesale Club by 17.6% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock valued at $167,625,000 after buying an additional 377,019 shares during the last quarter. Finally, TimesSquare Capital Management LLC boosted its holdings in shares of BJ’s Wholesale Club by 10.2% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,650,167 shares of the company’s stock valued at $110,000,000 after buying an additional 152,870 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, EVP Graham Luce sold 16,596 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $91.15, for a total value of $1,512,725.40. Following the sale, the executive vice president now directly owns 14,131 shares of the company’s stock, valued at approximately $1,288,040.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 28,842 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $89.86, for a total transaction of $2,591,742.12. Following the completion of the transaction, the executive vice president now owns 58,452 shares in the company, valued at approximately $5,252,496.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Graham Luce sold 16,596 shares of BJ’s Wholesale Club stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the sale, the executive vice president now directly owns 14,131 shares of the company’s stock, valued at $1,288,040.65. The disclosure for this sale can be found here. Insiders have sold 70,544 shares of company stock valued at $6,273,484 over the last 90 days. 2.00% of the stock is owned by insiders.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ traded up $0.61 during trading on Tuesday, reaching $88.57. The stock had a trading volume of 76,114 shares, compared to its average volume of 1,471,316. The business has a fifty day moving average price of $87.94 and a 200-day moving average price of $78.03. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $63.08 and a 1-year high of $92.37. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.14 and a current ratio of 0.74. The stock has a market cap of $11.75 billion, a PE ratio of 22.84, a PEG ratio of 3.13 and a beta of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, May 23rd. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The company had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities analysts forecast 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 recent analyst reports. Barclays boosted 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. Loop Capital increased their price target on BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, July 11th. The Goldman Sachs Group raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and raised their price target for the stock from $81.00 to $87.00 in a report on Monday, April 8th. Robert W. Baird upped their price objective on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, May 24th. Finally, Evercore ISI lifted their target price on shares of BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a research note on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $82.35.

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.