Ellevest Inc. Makes New $232,000 Investment in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Ellevest Inc. purchased a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,599 shares of the company’s stock, valued at approximately $232,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of BJ. Barclays PLC raised its holdings in BJ’s Wholesale Club by 118.6% during the third quarter. Barclays PLC now owns 144,652 shares of the company’s stock worth $11,931,000 after purchasing an additional 78,470 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of BJ’s Wholesale Club during the 3rd quarter worth $55,000. First Hawaiian Bank purchased a new stake in shares of BJ’s Wholesale Club in the 4th quarter worth about $306,000. Wedmont Private Capital grew its stake in BJ’s Wholesale Club by 9.0% in the 4th quarter. Wedmont Private Capital now owns 2,822 shares of the company’s stock valued at $273,000 after acquiring an additional 233 shares during the last quarter. Finally, Cooper Financial Group increased its holdings in BJ’s Wholesale Club by 12.2% during the 4th quarter. Cooper Financial Group now owns 5,876 shares of the company’s stock valued at $525,000 after acquiring an additional 637 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Trading Up 0.0 %

Shares of BJ’s Wholesale Club stock opened at $114.75 on Friday. The stock has a market capitalization of $15.11 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 4.50 and a beta of 0.59. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $76.33 and a 12-month high of $121.10. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $113.94 and a 200 day simple moving average of $101.84.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, March 6th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.86 by $0.07. The company had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.29 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. Research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Activity at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 280,400 shares of the firm’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $114.31, for a total value of $32,052,524.00. Following the transaction, the chief executive officer now owns 422,033 shares of the company’s stock, valued at approximately $48,242,592.23. This trade represents a 39.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joseph Mcgrail sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total transaction of $251,454.00. Following the sale, the senior vice president now directly owns 14,240 shares of the company’s stock, valued at approximately $1,705,097.60. This trade represents a 12.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 328,505 shares of company stock valued at $37,452,686 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

BJ has been the subject of several research reports. UBS Group lifted their price objective on BJ’s Wholesale Club from $108.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Barclays boosted their price target on BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Evercore ISI decreased their price objective on BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 1st. Argus upgraded shares of BJ’s Wholesale Club to a “hold” rating in a report on Friday, April 4th. Finally, Cowen reiterated a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.12.

BJ’s Wholesale Club Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.