NewEdge Wealth LLC trimmed its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) by 13.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,413 shares of the company’s stock after selling 5,649 shares during the quarter. NewEdge Wealth LLC’s holdings in BJ’s Wholesale Club were worth $3,584,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of BJ. BOK Financial Private Wealth Inc. acquired a new stake in BJ’s Wholesale Club in the fourth quarter valued at $25,000. Strive Financial Group LLC acquired a new position in shares of BJ’s Wholesale Club during the 4th quarter worth $25,000. Parkside Financial Bank & Trust raised its stake in shares of BJ’s Wholesale Club by 147.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 290 shares of the company’s stock worth $26,000 after buying an additional 173 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in shares of BJ’s Wholesale Club during the 3rd quarter worth $34,000. Finally, Leonteq Securities AG purchased a new stake in shares of BJ’s Wholesale Club in the 4th quarter worth about $43,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.
BJ’s Wholesale Club Stock Performance
NYSE BJ opened at $92.85 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.73 and a debt-to-equity ratio of 0.19. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $83.21 and a fifty-two week high of $110.92. The business has a fifty day moving average of $89.25 and a 200-day moving average of $93.46. The stock has a market cap of $11.86 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 3.40 and a beta of 0.22.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on BJ shares. UBS Group reissued a “buy” rating and issued a $109.00 price objective on shares of BJ’s Wholesale Club in a research note on Tuesday, May 26th. JPMorgan Chase & Co. lifted their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Citigroup reduced their price target on shares of BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Bank of America initiated coverage on shares of BJ’s Wholesale Club in a research report on Wednesday, May 20th. They issued a “neutral” rating and a $110.00 price target on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BJ’s Wholesale Club in a research note on Wednesday, July 8th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, BJ’s Wholesale Club presently has an average rating of “Hold” and an average price target of $105.27.
Check Out Our Latest Stock Report on BJ
Insiders Place Their Bets
In other BJ’s Wholesale Club news, EVP Scott Schmadeke sold 16,500 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $92.17, for a total value of $1,520,805.00. Following the transaction, the executive vice president directly owned 20,471 shares in the company, valued at approximately $1,886,812.07. This represents a 44.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.
BJ’s Wholesale Club Profile
BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.
Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.
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