Cambridge Investment Research Advisors Inc. Has $2.77 Million Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Cambridge Investment Research Advisors Inc. lessened its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 48.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 31,570 shares of the company’s stock after selling 29,752 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in BJ’s Wholesale Club were worth $2,773,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new position in BJ’s Wholesale Club in the 4th quarter valued at $81,646,000. Massachusetts Financial Services Co. MA bought a new position in shares of BJ’s Wholesale Club in the fourth quarter worth about $50,994,000. Raymond James & Associates boosted its position in BJ’s Wholesale Club by 99.9% in the second quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock valued at $67,151,000 after buying an additional 382,114 shares in the last quarter. Fiduciary Management Inc. WI boosted its holdings in shares of BJ’s Wholesale Club by 17.6% during the 4th quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock valued at $167,625,000 after acquiring an additional 377,019 shares in the last quarter. Finally, Delta Global Management LP bought a new stake in shares of BJ’s Wholesale Club during the first quarter worth about $27,214,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the 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 transaction, the chief executive officer now directly owns 467,792 shares in the company, valued at $40,651,124.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club 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 transaction, the chief executive officer now owns 467,792 shares in the company, valued at $40,651,124.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jeff Desroches sold 28,842 shares of the firm’s stock in a transaction that occurred on 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 $5,252,496.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,438 shares of company stock valued at $6,107,538. Corporate insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Price Performance

BJ stock opened at $79.96 on Friday. BJ’s Wholesale Club Holdings, Inc. has a one year low of $63.08 and a one year high of $92.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.74 and a quick ratio of 0.14. The stock has a market cap of $10.61 billion, a PE ratio of 20.77, a P/E/G ratio of 3.12 and a beta of 0.23. The firm has a 50 day simple moving average of $86.74 and a two-hundred day simple moving average of $81.10.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BJ. Loop Capital raised their target price on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, July 11th. Wells Fargo & Company raised shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. Bank of America decreased their target price on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. UBS Group lifted their price objective on shares of BJ’s Wholesale Club from $89.00 to $97.00 and gave the company a “buy” rating in a report on Friday, May 24th. Finally, Evercore ISI increased 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 report on Thursday, June 20th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and a consensus price target of $86.07.

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.