Silver Oak Securities Incorporated Sells 10,977 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Silver Oak Securities Incorporated trimmed its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 63.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,363 shares of the company’s stock after selling 10,977 shares during the period. Silver Oak Securities Incorporated’s holdings in BJ’s Wholesale Club were worth $570,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of BJ’s Wholesale Club by 375.6% in the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after purchasing an additional 293 shares in the last quarter. Reston Wealth Management LLC purchased a new position in BJ’s Wholesale Club during the third quarter valued at $41,000. Wilmington Savings Fund Society FSB bought a new stake in BJ’s Wholesale Club in the third quarter worth $55,000. Blue Trust Inc. grew its stake in shares of BJ’s Wholesale Club by 198.6% in the third quarter. Blue Trust Inc. now owns 863 shares of the company’s stock worth $76,000 after acquiring an additional 574 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of BJ’s Wholesale Club by 61.7% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,205 shares of the company’s stock valued at $99,000 after acquiring an additional 460 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BJ. Jefferies Financial Group upped their price target on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. TD Cowen upped their target price on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Roth Mkm raised their price target on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Wells Fargo & Company upped their price objective on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Finally, UBS Group lifted their target price on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and an average target price of $94.00.

BJ’s Wholesale Club Trading Down 1.1 %

BJ’s Wholesale Club stock opened at $104.46 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $66.15 and a 52-week high of $105.97. The company has a market cap of $13.80 billion, a P/E ratio of 25.11, a P/E/G ratio of 4.66 and a beta of 0.32. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The business has a 50-day simple moving average of $95.79 and a two-hundred day simple moving average of $89.09.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.29. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.12 billion. During the same period in the previous year, the business posted $0.98 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. Analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current year.

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.