BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Stake Lowered by Diversify Advisory Services LLC

Diversify Advisory Services LLC cut its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 43.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,885 shares of the company’s stock after selling 2,995 shares during the quarter. Diversify Advisory Services LLC’s holdings in BJ’s Wholesale Club were worth $342,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in BJ. CWM LLC increased its stake in BJ’s Wholesale Club by 7.4% during the 2nd quarter. CWM LLC now owns 1,863 shares of the company’s stock valued at $164,000 after buying an additional 128 shares during the period. GAMMA Investing LLC increased its position in shares of BJ’s Wholesale Club by 11.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,638 shares of the company’s stock valued at $144,000 after purchasing an additional 162 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of BJ’s Wholesale Club by 1.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 10,570 shares of the company’s stock worth $800,000 after buying an additional 200 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in shares of BJ’s Wholesale Club by 1.8% in the second quarter. Linden Thomas Advisory Services LLC now owns 12,670 shares of the company’s stock valued at $1,113,000 after buying an additional 225 shares during the period. Finally, Vista Investment Partners LLC grew its holdings in BJ’s Wholesale Club by 0.5% during the first quarter. Vista Investment Partners LLC now owns 47,832 shares of the company’s stock worth $3,618,000 after acquiring an additional 260 shares during the period. 98.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on BJ. Gordon Haskett upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Thursday, May 23rd. JPMorgan Chase & Co. raised their price objective on BJ’s Wholesale Club from $70.00 to $74.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 28th. TD Cowen upped their target price on BJ’s Wholesale Club from $93.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 24th. Loop Capital lifted their target price on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, July 11th. Finally, DA Davidson lifted their price target on BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, BJ’s Wholesale Club presently has an average rating of “Hold” and an average price target of $82.35.

BJ’s Wholesale Club Stock Down 0.8 %

BJ stock traded down $0.66 during mid-day trading on Friday, reaching $83.56. The company had a trading volume of 1,294,163 shares, compared to its average volume of 1,477,676. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.74 and a quick ratio of 0.14. The stock has a 50 day simple moving average of $88.07 and a two-hundred day simple moving average of $79.20. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 3.12 and a beta of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.08 and a 52 week high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, May 23rd. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same period last year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $86.90, for a total transaction of $955,900.00. Following the sale, the chief executive officer now owns 467,792 shares in the company, valued at approximately $40,651,124.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Graham Luce sold 16,596 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the sale, the executive vice president now owns 14,131 shares in the company, valued at approximately $1,288,040.65. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.90, for a total value of $955,900.00. Following the sale, the chief executive officer now owns 467,792 shares in the company, valued at approximately $40,651,124.80. The disclosure for this sale can be found here. Insiders have sold 81,544 shares of company stock worth $7,237,084 in the last 90 days. Insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Company 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.