Whittier Trust Co. of Nevada Inc. Purchases 460 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Whittier Trust Co. of Nevada Inc. grew its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 61.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,205 shares of the company’s stock after purchasing an additional 460 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in BJ’s Wholesale Club were worth $99,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of BJ. Blue Trust Inc. bought a new position in BJ’s Wholesale Club in the 2nd quarter worth approximately $25,000. Davis Capital Management purchased a new stake in shares of BJ’s Wholesale Club during the third quarter worth $25,000. UMB Bank n.a. boosted its holdings in shares of BJ’s Wholesale Club by 375.6% in the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after acquiring an additional 293 shares during the period. J.Safra Asset Management Corp purchased a new position in shares of BJ’s Wholesale Club in the second quarter valued at $45,000. Finally, Benjamin Edwards Inc. raised its stake in shares of BJ’s Wholesale Club by 394.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock valued at $55,000 after purchasing an additional 501 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

Shares of NYSE BJ opened at $85.58 on Thursday. The stock’s 50-day moving average is $83.10 and its 200 day moving average is $83.57. The stock has a market cap of $11.36 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 3.27 and a beta of 0.25. 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 current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24.

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

Analyst Ratings Changes

Several brokerages have commented on BJ. Melius Research started coverage on BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price for the company. Roth Mkm raised their price objective on shares of 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. Bank of America decreased their target price on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $76.00 to $78.00 in a research note on Monday, August 26th. Finally, Loop Capital boosted their price target on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, July 11th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.31.

Insiders Place Their Bets

In other news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $87.60, for a total transaction of $963,600.00. Following the transaction, the chief executive officer now directly owns 456,792 shares of the company’s stock, valued at approximately $40,014,979.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $87.60, for a total transaction of $963,600.00. Following the completion of the sale, the chief executive officer now owns 456,792 shares of the company’s stock, valued at approximately $40,014,979.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction 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 transaction, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. The trade was a 0.00 % 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 $2,841,820 over the last three months. Insiders own 2.00% of the company’s stock.

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.