Valmark Advisers Inc. Sells 364 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Valmark Advisers Inc. reduced its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,144 shares of the company’s stock after selling 364 shares during the period. Valmark Advisers Inc.’s holdings in BJ’s Wholesale Club were worth $1,743,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BJ. FMR LLC increased its stake in BJ’s Wholesale Club by 39.7% in the third quarter. FMR LLC now owns 16,013,702 shares of the company’s stock valued at $1,142,898,000 after purchasing an additional 4,548,963 shares in the last quarter. Victory Capital Management Inc. increased its stake in BJ’s Wholesale Club by 22.2% in the third quarter. Victory Capital Management Inc. now owns 4,546,169 shares of the company’s stock valued at $324,460,000 after purchasing an additional 826,591 shares in the last quarter. Ameriprise Financial Inc. increased its stake in BJ’s Wholesale Club by 38.3% in the third quarter. Ameriprise Financial Inc. now owns 1,688,394 shares of the company’s stock valued at $120,500,000 after purchasing an additional 467,575 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in BJ’s Wholesale Club in the third quarter valued at $29,768,000. Finally, Morgan Stanley increased its stake in BJ’s Wholesale Club by 10.3% in the third quarter. Morgan Stanley now owns 3,940,441 shares of the company’s stock valued at $281,229,000 after purchasing an additional 369,317 shares in the last quarter. 98.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 value of $77,370.00. Following the completion of the transaction, the senior vice president now owns 12,905 shares of the company’s stock, valued at approximately $998,459.85. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Monica Schwartz sold 13,578 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $78.81, for a total value of $1,070,082.18. Following the completion of the sale, the executive vice president now owns 13,545 shares of the company’s stock, valued at approximately $1,067,481.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at approximately $998,459.85. The disclosure for this sale can be found here. Insiders sold a total of 98,840 shares of company stock valued at $7,408,605 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BJ. The Goldman Sachs Group upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $81.00 to $87.00 in a report on Monday, April 8th. JPMorgan Chase & Co. lifted their price objective on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an “underweight” rating in a report on Friday, March 1st. Loop Capital reiterated a “hold” rating and set a $80.00 price objective (down from $85.00) on shares of BJ’s Wholesale Club in a report on Thursday, April 18th. Wells Fargo & Company reiterated an “equal weight” rating and set a $70.00 price objective (down from $73.00) on shares of BJ’s Wholesale Club in a report on Thursday, January 4th. Finally, Evercore ISI reduced their price objective on shares of BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $74.40.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock traded up $0.27 during midday trading on Friday, reaching $76.65. 1,101,637 shares of the stock were exchanged, compared to its average volume of 1,735,324. The company’s fifty day moving average is $74.64 and its 200-day moving average is $69.61. 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 cap of $10.19 billion, a PE ratio of 19.81, a PEG ratio of 3.30 and a beta of 0.26. 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 results on Thursday, March 7th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The business had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.38 billion. During the same quarter in the previous year, the company earned $1.00 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, sell-side analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.

BJ’s Wholesale Club Company 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.