NewEdge Wealth LLC Buys Shares of 32,225 BJ’s Wholesale Club Holdings, Inc. $BJ

NewEdge Wealth LLC bought a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 32,225 shares of the company’s stock, valued at approximately $2,811,000.

A number of other large investors have also recently modified their holdings of BJ. BOK Financial Private Wealth Inc. bought a new position in BJ’s Wholesale Club in the fourth quarter valued at about $25,000. Strive Financial Group LLC acquired a new stake in BJ’s Wholesale Club in the fourth quarter valued at approximately $25,000. Parkside Financial Bank & Trust boosted its position in BJ’s Wholesale Club by 147.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 290 shares of the company’s stock valued at $26,000 after buying an additional 173 shares in the last quarter. Essential Partners LLC grew its stake in shares of BJ’s Wholesale Club by 81.2% during the first quarter. Essential Partners LLC now owns 290 shares of the company’s stock worth $29,000 after buying an additional 130 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of BJ’s Wholesale Club during the third quarter worth $34,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

BJ has been the subject of several research reports. UBS Group reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday. Citigroup decreased their price target on shares of BJ’s Wholesale Club from $118.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Bank of America initiated coverage on shares of BJ’s Wholesale Club in a report on Wednesday, May 20th. They set a “neutral” rating and a $110.00 price target on the stock. DA Davidson set a $105.00 price objective on BJ’s Wholesale Club in a report on Tuesday. Finally, William Blair lowered BJ’s Wholesale Club from a “mixed” rating to a “hold” rating in a research report on Monday. Ten analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $105.33.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Scott Schmadeke sold 16,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $92.17, for a total value of $1,520,805.00. Following the completion of the sale, the executive vice president owned 20,471 shares of the company’s stock, valued at approximately $1,886,812.07. This trade represents a 44.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert W. Eddy sold 73,016 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $100.02, for a total value of $7,303,060.32. Following the transaction, the chief executive officer directly owned 282,330 shares in the company, valued at $28,238,646.60. The trade was a 20.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by corporate insiders.

BJ’s Wholesale Club Stock Down 0.5%

Shares of NYSE:BJ opened at $91.35 on Friday. The company has a market capitalization of $11.66 billion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 3.25 and a beta of 0.21. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.73 and a quick ratio of 0.18. The business’s 50-day moving average is $91.39 and its 200-day moving average is $93.75. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $83.21 and a 1 year high of $106.69.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Friday, May 22nd. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. The business had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.44 billion. BJ’s Wholesale Club had a return on equity of 26.67% and a net margin of 2.62%.The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. Equities research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 4.53 earnings per share for the current year.

BJ’s Wholesale Club Company 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.