Assetmark Inc. Purchases 137 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Assetmark Inc. boosted its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 5.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,582 shares of the company’s stock after purchasing an additional 137 shares during the period. Assetmark Inc.’s holdings in BJ’s Wholesale Club were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Blue Trust Inc. purchased a new stake in shares of BJ’s Wholesale Club in the second quarter worth approximately $25,000. Davis Capital Management purchased a new stake in BJ’s Wholesale Club in the third quarter worth $25,000. UMB Bank n.a. lifted its position in shares of BJ’s Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after purchasing an additional 293 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of BJ’s Wholesale Club during the third quarter worth $41,000. Finally, J.Safra Asset Management Corp purchased a new stake in shares of BJ’s Wholesale Club during the second quarter valued at $45,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

BJ opened at $87.27 on Friday. The firm has a market capitalization of $11.57 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 3.23 and a beta of 0.24. The business’s 50-day moving average is $84.80 and its two-hundred day moving average is $84.91. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $63.08 and a 1 year high of $92.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. BJ’s Wholesale Club’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 EPS. Research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current fiscal year.

Insider Transactions at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the transaction, the chief executive officer now owns 445,792 shares in the company, valued at $35,395,884.80. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the sale, the senior vice president now owns 13,566 shares of the company’s stock, valued at $1,133,710.62. This trade represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,000 shares of company stock valued at $2,818,390 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of BJ’s Wholesale Club from $95.00 to $105.00 and gave the company a “buy” rating in a report on Friday. Melius Research assumed coverage on shares of BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 target price on the stock. Bank of America lowered their price target on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Wells Fargo & Company raised their price objective on BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Finally, Roth Mkm lifted their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.94.

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.