B. Riley Wealth Advisors Inc. Sells 807 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

B. Riley Wealth Advisors Inc. lessened its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 18.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,466 shares of the company’s stock after selling 807 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in BJ’s Wholesale Club were worth $304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

BJ has been the subject of several analyst reports. Loop Capital lifted their price target on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, July 11th. Evercore ISI lifted their target price on shares of BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a research note on Thursday, June 20th. Wells Fargo & Company upgraded BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Finally, Melius Research began coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They set a “buy” rating and a $90.00 target price on the stock. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $86.31.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock opened at $88.58 on Wednesday. The company has a market cap of $11.76 billion, a PE ratio of 23.01, a PEG ratio of 3.02 and a beta of 0.25. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $63.08 and a 1 year high of $92.37. The company’s 50-day moving average is $82.82 and its two-hundred day moving average is $82.77.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. Equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.83 earnings per share for the current year.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 28,842 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 58,452 shares in the company, valued at approximately $5,252,496.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Graham Luce sold 16,596 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $91.15, for a total value of $1,512,725.40. Following the completion of the sale, the executive vice president now owns 14,131 shares in the company, valued at $1,288,040.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeff Desroches sold 28,842 shares of BJ’s Wholesale Club stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $89.86, for a total value of $2,591,742.12. Following the transaction, the executive vice president now owns 58,452 shares in the company, valued at approximately $5,252,496.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,438 shares of company stock worth $6,946,288. 2.00% of the stock is owned by 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.