Atria Investments Inc Purchases 1,022 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Atria Investments Inc raised its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 3.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 35,371 shares of the company’s stock after purchasing an additional 1,022 shares during the period. Atria Investments Inc’s holdings in BJ’s Wholesale Club were worth $2,917,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Blue Trust Inc. bought a new stake in BJ’s Wholesale Club during the second quarter valued at $25,000. Davis Capital Management acquired a new position in shares of BJ’s Wholesale Club in the 3rd quarter valued at about $25,000. UMB Bank n.a. boosted its position in shares of BJ’s Wholesale Club by 375.6% during the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after purchasing an additional 293 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in BJ’s Wholesale Club during the third quarter worth approximately $41,000. Finally, J.Safra Asset Management Corp bought a new stake in BJ’s Wholesale Club in the second quarter worth approximately $45,000. 98.60% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the sale, the chief executive officer now directly owns 423,792 shares in the company, valued at $36,221,502.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the transaction, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $85.47, for a total value of $940,170.00. Following the completion of the sale, the chief executive officer now owns 423,792 shares in the company, valued at approximately $36,221,502.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock valued at $2,818,390 over the last three months. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wells Fargo & Company increased their price target on BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday. Bank of America reduced their price target on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Melius Research began coverage on shares of BJ’s Wholesale Club in a report on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective on the stock. Roth Mkm raised their target price on 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. Finally, JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $76.00 to $78.00 in a research note on Monday, August 26th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.87.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ opened at $88.47 on Thursday. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $63.08 and a 1-year high of $92.37. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. The stock has a market cap of $11.73 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 3.25 and a beta of 0.24. The stock’s fifty day simple moving average is $84.42 and its two-hundred day simple moving average is $84.74.

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, topping the consensus estimate of $1.00 by $0.09. The business 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 firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.97 earnings per share. As a group, analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current fiscal year.

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.