Foster Victor Wealth Advisors LLC Boosts Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Foster Victor Wealth Advisors LLC lifted its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 136,359 shares of the company’s stock after purchasing an additional 4,354 shares during the period. Foster Victor Wealth Advisors LLC owned about 0.10% of BJ’s Wholesale Club worth $12,460,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Victory Capital Management Inc. lifted its position in shares of BJ’s Wholesale Club by 13.0% during the fourth quarter. Victory Capital Management Inc. now owns 5,136,282 shares of the company’s stock worth $342,385,000 after purchasing an additional 590,113 shares during the last quarter. Putnam Investments LLC lifted its position in shares of BJ’s Wholesale Club by 4.3% during the fourth quarter. Putnam Investments LLC now owns 3,647,981 shares of the company’s stock worth $243,174,000 after purchasing an additional 150,414 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of BJ’s Wholesale Club by 1.8% during the first quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock worth $235,946,000 after purchasing an additional 56,442 shares during the last quarter. Fiduciary Management Inc. WI lifted its position in shares of BJ’s Wholesale Club by 17.6% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock worth $167,625,000 after purchasing an additional 377,019 shares during the last quarter. Finally, TimesSquare Capital Management LLC lifted its position in shares of BJ’s Wholesale Club by 10.2% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,650,167 shares of the company’s stock worth $110,000,000 after purchasing an additional 152,870 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Up 1.3 %

BJ stock traded up $1.12 during midday trading on Friday, reaching $86.65. The company had a trading volume of 1,460,273 shares, compared to its average volume of 1,480,036. 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 0.74, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $11.50 billion, a P/E ratio of 22.51, a PEG ratio of 3.12 and a beta of 0.23. The company has a 50 day moving average of $87.82 and a two-hundred day moving average of $79.89.

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, beating analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.86 billion. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. BJ’s Wholesale Club’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. On average, equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BJ has been the topic of several research reports. Bank of America increased their price objective on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. JPMorgan Chase & Co. increased their price objective on shares of BJ’s Wholesale Club from $74.00 to $76.00 and gave the stock an “underweight” rating in a research note on Friday. Barclays increased their price objective on shares of BJ’s Wholesale Club from $72.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, May 24th. DA Davidson increased their price objective on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Finally, Robert W. Baird increased their price objective on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $82.47.

Insider Activity

In related news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $87.60, for a total value of $963,600.00. Following the transaction, the chief executive officer now owns 456,792 shares in the company, valued at approximately $40,014,979.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $87.60, for a total value of $963,600.00. Following the transaction, the chief executive officer now owns 456,792 shares in the company, valued at approximately $40,014,979.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeff Desroches sold 28,842 shares of BJ’s Wholesale Club stock in a transaction on Friday, July 19th. The stock was sold at an average price of $89.86, for a total transaction of $2,591,742.12. Following the completion of the transaction, the executive vice president now owns 58,452 shares in the company, valued at approximately $5,252,496.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,544 shares of company stock worth $7,237,084. 2.00% of the stock is owned by corporate insiders.

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.