Financial Strategies Group Inc. Purchases 1,145 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Financial Strategies Group Inc. raised its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 25.4% during the third quarter, Holdings Channel.com reports. The fund owned 5,651 shares of the company’s stock after buying an additional 1,145 shares during the period. Financial Strategies Group Inc.’s holdings in BJ’s Wholesale Club were worth $482,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BJ. Fifth Third Bancorp boosted its position in shares of BJ’s Wholesale Club by 9.3% during the second quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock worth $128,000 after acquiring an additional 124 shares during the last quarter. CWM LLC lifted its stake in BJ’s Wholesale Club by 7.4% in the 2nd quarter. CWM LLC now owns 1,863 shares of the company’s stock worth $164,000 after purchasing an additional 128 shares in the last quarter. OLD National Bancorp IN boosted its holdings in shares of BJ’s Wholesale Club by 2.5% during the 3rd quarter. OLD National Bancorp IN now owns 5,438 shares of the company’s stock valued at $449,000 after purchasing an additional 133 shares during the last quarter. Riverwater Partners LLC boosted its holdings in shares of BJ’s Wholesale Club by 1.1% during the 2nd quarter. Riverwater Partners LLC now owns 12,951 shares of the company’s stock valued at $1,138,000 after purchasing an additional 135 shares during the last quarter. Finally, Vista Investment Partners LLC grew its position in shares of BJ’s Wholesale Club by 0.3% during the third quarter. Vista Investment Partners LLC now owns 48,419 shares of the company’s stock valued at $3,994,000 after purchasing an additional 147 shares in the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at BJ’s Wholesale Club

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on BJ shares. Loop Capital boosted 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. Melius Research started coverage on 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. Bank of America cut their target price 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. Wells Fargo & Company upgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.33.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock opened at $89.35 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $63.08 and a 12-month 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 firm has a 50-day moving average price of $83.62 and a 200-day moving average price of $84.30. The firm has a market capitalization of $11.85 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 3.22 and a beta of 0.24.

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, topping the consensus estimate of $1.00 by $0.09. The business had revenue of $5.21 billion during 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 quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 earnings per share. As a group, equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current year.

BJ’s Wholesale Club Company 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.