Everpar Advisors LLC Invests $443,000 in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Everpar Advisors LLC bought a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,042 shares of the company’s stock, valued at approximately $443,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in BJ’s Wholesale Club during the 4th quarter worth approximately $5,745,000. Allspring Global Investments Holdings LLC grew its position in BJ’s Wholesale Club by 73.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 78,619 shares of the company’s stock valued at $5,241,000 after buying an additional 33,254 shares during the last quarter. Cerity Partners LLC purchased a new position in BJ’s Wholesale Club in the 4th quarter valued at $320,000. Simplicity Solutions LLC acquired a new position in BJ’s Wholesale Club in the 4th quarter valued at $719,000. Finally, Wealth Alliance lifted its stake in shares of BJ’s Wholesale Club by 13.2% in the 4th quarter. Wealth Alliance now owns 3,467 shares of the company’s stock worth $231,000 after acquiring an additional 405 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Analysts Set New Price Targets

BJ has been the topic of a number of recent analyst reports. Bank of America upped their price objective on BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 24th. JPMorgan Chase & Co. upped their price target on shares of BJ’s Wholesale Club from $74.00 to $76.00 and gave the stock an “underweight” rating in a research note on Friday. Evercore ISI raised their price objective on shares of BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a research note on Thursday, June 20th. Robert W. Baird boosted 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 report on Friday, May 24th. Finally, DA Davidson increased their target price on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $83.06.

Insider Buying and Selling

In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 14,106 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $86.00, for a total value of $1,213,116.00. Following the completion of the transaction, the executive vice president now directly owns 87,294 shares in the company, valued at approximately $7,507,284. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $87.60, for a total transaction of $963,600.00. Following the sale, the chief executive officer now directly owns 456,792 shares of the company’s stock, valued at approximately $40,014,979.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jeff Desroches sold 14,106 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $86.00, for a total value of $1,213,116.00. Following the completion of the sale, the executive vice president now directly owns 87,294 shares of the company’s stock, valued at approximately $7,507,284. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,544 shares of company stock worth $7,237,084. 2.00% of the stock is owned by insiders.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ traded up $1.12 on Friday, hitting $86.65. The company had a trading volume of 1,460,273 shares, compared to its average volume of 1,480,036. The company has a market cap of $11.50 billion, a PE ratio of 22.51, a PEG ratio of 3.12 and a beta of 0.23. The business has a 50 day moving average of $87.82 and a 200 day moving average of $79.89. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $63.08 and a 52-week high of $92.37. The company has a current ratio of 0.74, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, May 23rd. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $4.92 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. As a group, equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.

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.