Exchange Traded Concepts LLC Has $870,000 Stock Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Exchange Traded Concepts LLC boosted its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,740 shares of the company’s stock after buying an additional 245 shares during the quarter. Exchange Traded Concepts LLC’s holdings in BJ’s Wholesale Club were worth $870,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Davis Capital Management bought a new position in shares of BJ’s Wholesale Club during the 3rd quarter worth approximately $25,000. UMB Bank n.a. lifted its holdings in 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 during the last quarter. Reston Wealth Management LLC bought a new position in BJ’s Wholesale Club during the third quarter worth $41,000. Wilmington Savings Fund Society FSB acquired a new position in shares of BJ’s Wholesale Club in the third quarter valued at $55,000. Finally, Blue Trust Inc. raised its position in shares of BJ’s Wholesale Club by 198.6% in the third quarter. Blue Trust Inc. now owns 863 shares of the company’s stock valued at $76,000 after purchasing an additional 574 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the completion of the transaction, the chief executive officer now directly owns 423,792 shares in the company, valued at approximately $36,221,502.24. This represents a 2.53 % 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. Insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Stock Performance

Shares of NYSE:BJ opened at $98.58 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $64.06 and a 1 year high of $100.74. The stock has a market capitalization of $13.02 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 4.48 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The company’s 50 day simple moving average is $94.68 and its 200 day simple moving average is $88.43.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.29. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.12 billion. During the same quarter last year, the company posted $0.98 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on BJ shares. Roth Mkm lifted their target price on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. UBS Group boosted their price objective on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Jefferies Financial Group increased their target price on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company boosted their price target on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Finally, TD Cowen increased their price objective on BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and ten 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 target price of $94.00.

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.