Advisory Services Network LLC Invests $385,000 in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Advisory Services Network LLC bought a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,307 shares of the company’s stock, valued at approximately $385,000.

Several other institutional investors also recently bought and sold shares of BJ. Brown Brothers Harriman & Co. lifted its holdings in shares of BJ’s Wholesale Club by 652.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company’s stock valued at $47,000 after purchasing an additional 457 shares during the last quarter. Tortoise Investment Management LLC boosted its holdings in BJ’s Wholesale Club by 78.7% in the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock worth $47,000 after acquiring an additional 233 shares in the last quarter. UMB Bank n.a. grew its stake in shares of BJ’s Wholesale Club by 68.2% during the fourth quarter. UMB Bank n.a. now owns 624 shares of the company’s stock worth $56,000 after acquiring an additional 253 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of BJ’s Wholesale Club during the third quarter valued at about $55,000. Finally, Aster Capital Management DIFC Ltd raised its position in shares of BJ’s Wholesale Club by 770.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,140 shares of the company’s stock valued at $102,000 after purchasing an additional 1,009 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, Director Robert Allan Steele sold 11,813 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $107.59, for a total value of $1,270,960.67. Following the transaction, the director now owns 24,351 shares in the company, valued at approximately $2,619,924.09. This trade represents a 32.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP William C. Werner sold 14,192 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $117.64, for a total transaction of $1,669,546.88. Following the completion of the transaction, the executive vice president now directly owns 26,113 shares in the company, valued at approximately $3,071,933.32. This represents a 35.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 326,405 shares of company stock valued at $37,201,232. 2.00% of the stock is owned by corporate insiders.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $116.00 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $71.81 and a 12-month high of $121.10. The business’s 50 day moving average is $109.70 and its two-hundred day moving average is $98.20. The company has a market capitalization of $15.27 billion, a P/E ratio of 27.88, a P/E/G ratio of 4.50 and a beta of 0.54.

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

Analysts Set New Price Targets

BJ has been the topic of several research analyst reports. UBS Group boosted their target price on shares of 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. Evercore ISI reduced their target price on BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. DA Davidson boosted their price target on BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Morgan Stanley raised their price objective on BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, March 7th. Finally, Barclays lifted their target price 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. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.82.

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.