2,484 Shares in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Bought by Florida Financial Advisors LLC

Florida Financial Advisors LLC purchased a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the fourth quarter, HoldingsChannel reports. The fund purchased 2,484 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its position in BJ’s Wholesale Club by 0.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company’s stock valued at $1,787,000 after buying an additional 105 shares during the last quarter. Lifestyle Asset Management Inc. lifted its stake in BJ’s Wholesale Club by 0.8% during the 4th quarter. Lifestyle Asset Management Inc. now owns 13,329 shares of the company’s stock valued at $1,191,000 after acquiring an additional 108 shares during the period. Gateway Investment Advisers LLC boosted its holdings in shares of BJ’s Wholesale Club by 0.7% in the 4th quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company’s stock valued at $1,353,000 after acquiring an additional 111 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of BJ’s Wholesale Club by 4.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,983 shares of the company’s stock worth $267,000 after acquiring an additional 132 shares during the period. Finally, Cornerstone Investment Partners LLC raised its holdings in shares of BJ’s Wholesale Club by 2.6% during the fourth quarter. Cornerstone Investment Partners LLC now owns 5,262 shares of the company’s stock worth $470,000 after purchasing an additional 132 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock opened at $109.45 on Wednesday. The stock has a market capitalization of $14.41 billion, a P/E ratio of 26.31, a PEG ratio of 4.50 and a beta of 0.28. The business has a 50 day simple moving average of $103.87 and a two-hundred day simple moving average of $94.22. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $71.81 and a 12 month high of $118.40. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. As a group, analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Transactions at BJ’s Wholesale Club

In related news, EVP William C. Werner sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total value of $2,208,200.00. Following the completion of the sale, the executive vice president now owns 31,308 shares of the company’s stock, valued at approximately $3,456,716.28. This trade represents a 38.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Allan Steele sold 11,813 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $107.59, for a total value of $1,270,960.67. Following the transaction, the director now directly owns 24,351 shares in the company, valued at $2,619,924.09. This trade represents a 32.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Loop Capital increased their price target on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a research report on Friday, March 7th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. Morgan Stanley lifted their price target on BJ’s Wholesale Club from $98.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, March 7th. Robert W. Baird upped their price objective on BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Finally, DA Davidson boosted their target price on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $108.71.

About BJ’s Wholesale Club

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.