Financial Strategies Group Inc. Acquires Shares of 2,784 BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Financial Strategies Group Inc. acquired a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,784 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors also recently bought and sold shares of the company. Portside Wealth Group LLC raised its holdings in BJ’s Wholesale Club by 3.7% in the fourth quarter. Portside Wealth Group LLC now owns 6,805 shares of the company’s stock valued at $454,000 after buying an additional 241 shares during the period. Tectonic Advisors LLC raised its holdings in BJ’s Wholesale Club by 7.9% in the fourth quarter. Tectonic Advisors LLC now owns 3,544 shares of the company’s stock valued at $236,000 after buying an additional 260 shares during the period. Dfpg Investments LLC raised its holdings in BJ’s Wholesale Club by 6.0% in the fourth quarter. Dfpg Investments LLC now owns 4,904 shares of the company’s stock valued at $322,000 after buying an additional 278 shares during the period. Cutter & CO Brokerage Inc. grew its position in BJ’s Wholesale Club by 0.8% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 37,643 shares of the company’s stock valued at $2,509,000 after acquiring an additional 285 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its position in BJ’s Wholesale Club by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 58,425 shares of the company’s stock valued at $4,170,000 after acquiring an additional 300 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock traded down $1.18 during trading hours on Tuesday, reaching $85.61. 647,081 shares of the company were exchanged, compared to its average volume of 1,505,344. The firm has a market cap of $11.36 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 3.12 and a beta of 0.23. The company has a current ratio of 0.74, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average of $83.09 and a 200 day moving average of $74.83. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $62.05 and a 12 month high of $90.43.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, May 23rd. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. As a group, research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

Insider Activity

In other news, EVP Jeff Desroches sold 14,106 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $86.00, for a total value of $1,213,116.00. Following the completion of the sale, the executive vice president now directly owns 87,294 shares of the company’s stock, valued at $7,507,284. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Jeff Desroches sold 14,106 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $86.00, for a total value of $1,213,116.00. Following the completion of the transaction, the executive vice president now directly owns 87,294 shares in the company, valued at $7,507,284. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the completion of the transaction, the senior vice president now owns 12,905 shares of the company’s stock, valued at $998,459.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,684 shares of company stock valued at $3,204,268. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BJ has been the subject of several recent research reports. The Goldman Sachs Group raised shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and increased their price objective for the company from $81.00 to $87.00 in a research report on Monday, April 8th. Gordon Haskett upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Thursday, May 23rd. Bank of America lifted their target price on BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Barclays lifted their target price on BJ’s Wholesale Club from $72.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, May 24th. Finally, UBS Group lifted their target price on BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, May 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $82.06.

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.