Tidal Investments LLC Grows Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Tidal Investments LLC grew its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 66.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,016 shares of the company’s stock after purchasing an additional 14,831 shares during the period. Tidal Investments LLC’s holdings in BJ’s Wholesale Club were worth $3,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CWM LLC boosted its position in shares of BJ’s Wholesale Club by 7.4% during the 2nd quarter. CWM LLC now owns 1,863 shares of the company’s stock valued at $164,000 after acquiring an additional 128 shares during the last quarter. SG Americas Securities LLC purchased a new position in BJ’s Wholesale Club during the second quarter worth about $397,000. Sequoia Financial Advisors LLC acquired a new position in BJ’s Wholesale Club in the 2nd quarter valued at about $233,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of BJ’s Wholesale Club by 6.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,512 shares of the company’s stock valued at $484,000 after buying an additional 339 shares during the period. Finally, Blue Trust Inc. acquired a new stake in shares of BJ’s Wholesale Club during the 2nd quarter worth approximately $25,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock opened at $97.54 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $64.06 and a 52-week high of $100.74. The firm has a market cap of $12.88 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 4.69 and a beta of 0.29. The company’s 50 day moving average is $90.22 and its two-hundred day moving average is $87.09.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data 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 business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.12 billion. During the same period last year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current fiscal year.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the company’s 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BJ has been the topic of a number of recent analyst reports. Morgan Stanley upped their price objective on BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. Jefferies Financial Group upped their price target on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. TD Cowen raised 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. Roth Mkm boosted their price objective on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Finally, Bank of America lowered 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 research note on Friday, August 23rd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.56.

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.