Commonwealth Equity Services LLC Has $703,000 Stock Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Commonwealth Equity Services LLC decreased its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 24.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,006 shares of the company’s stock after selling 2,541 shares during the quarter. Commonwealth Equity Services LLC’s holdings in BJ’s Wholesale Club were worth $703,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. acquired a new stake in BJ’s Wholesale Club in the second quarter valued at approximately $25,000. Rise Advisors LLC acquired a new position in BJ’s Wholesale Club during the first quarter worth $26,000. J.Safra Asset Management Corp bought a new position in shares of BJ’s Wholesale Club in the second quarter valued at $45,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of BJ’s Wholesale Club by 103.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 745 shares of the company’s stock valued at $65,000 after buying an additional 379 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new stake in shares of BJ’s Wholesale Club during the second quarter worth about $66,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Roth Mkm increased their price objective on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Robert W. Baird boosted 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 report on Friday, May 24th. DA Davidson raised 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 report on Friday, May 24th. Finally, Loop Capital increased their target price on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, July 11th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.07.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $86.90, for a total transaction of $955,900.00. Following the completion of the transaction, the chief executive officer now owns 467,792 shares of the company’s stock, valued at $40,651,124.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the sale, the senior vice president now owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the transaction, the chief executive officer now directly owns 467,792 shares in the company, valued at $40,651,124.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,438 shares of company stock valued at $6,980,938. 2.00% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $80.95 on Friday. The company has a 50-day simple moving average of $84.55 and a two-hundred day simple moving average of $81.90. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $63.08 and a 12-month high of $92.37. The firm has a market cap of $10.74 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 2.90 and a beta of 0.25. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 earnings per share. On average, equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.84 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.