BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Purchased by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC raised its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 278.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,585 shares of the company’s stock after acquiring an additional 1,166 shares during the quarter. Eagle Bay Advisors LLC’s holdings in BJ’s Wholesale Club were worth $139,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in BJ. Fifth Third Bancorp boosted its stake in BJ’s Wholesale Club by 9.3% in the second quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock valued at $128,000 after acquiring an additional 124 shares in the last quarter. CWM LLC lifted its stake in shares of BJ’s Wholesale Club by 7.4% in the 2nd quarter. CWM LLC now owns 1,863 shares of the company’s stock worth $164,000 after acquiring an additional 128 shares during the period. Riverwater Partners LLC increased its stake in shares of BJ’s Wholesale Club by 1.1% during the second quarter. Riverwater Partners LLC now owns 12,951 shares of the company’s stock worth $1,138,000 after acquiring an additional 135 shares during the period. GAMMA Investing LLC raised its holdings in BJ’s Wholesale Club by 11.0% during the second quarter. GAMMA Investing LLC now owns 1,638 shares of the company’s stock worth $144,000 after purchasing an additional 162 shares in the last quarter. Finally, LRI Investments LLC lifted its position in BJ’s Wholesale Club by 9.2% in the second quarter. LRI Investments LLC now owns 1,953 shares of the company’s stock valued at $172,000 after purchasing an additional 165 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ traded down $2.18 during trading on Tuesday, reaching $81.87. The company had a trading volume of 1,727,513 shares, compared to its average volume of 1,519,237. The company has a current ratio of 0.74, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $63.08 and a twelve month high of $92.37. The stock has a 50-day moving average price of $87.41 and a two-hundred day moving average price of $80.82. The stock has a market capitalization of $10.86 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 3.12 and a beta of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 EPS. As a group, sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BJ. Evercore ISI increased their target price on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a research note on Thursday, June 20th. Gordon Haskett raised BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Thursday, May 23rd. Robert W. Baird upped their price target 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. TD Cowen raised their price objective on shares of BJ’s Wholesale Club from $93.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Finally, Roth Mkm increased their target price on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Friday. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.07.

Insider Buying and Selling

In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 14,106 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $86.00, for a total transaction of $1,213,116.00. Following the transaction, the executive vice president now owns 87,294 shares of the company’s stock, valued at approximately $7,507,284. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Jeff Desroches sold 14,106 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $86.00, for a total transaction of $1,213,116.00. Following the transaction, the executive vice president now directly owns 87,294 shares in the company, valued at approximately $7,507,284. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were 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 $40,014,979.20. The disclosure for this sale can be found here. Over 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 insiders.

About BJ’s Wholesale Club

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.