Sanctuary Advisors LLC Acquires 21,957 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Sanctuary Advisors LLC increased its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 129.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 38,984 shares of the company’s stock after purchasing an additional 21,957 shares during the quarter. Sanctuary Advisors LLC’s holdings in BJ’s Wholesale Club were worth $3,215,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FMR LLC grew its position in shares of BJ’s Wholesale Club by 7.2% in the third quarter. FMR LLC now owns 14,357,118 shares of the company’s stock valued at $1,184,175,000 after purchasing an additional 966,528 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of BJ’s Wholesale Club by 3.5% during the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after purchasing an additional 217,385 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in BJ’s Wholesale Club by 158.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock valued at $368,044,000 after purchasing an additional 2,571,709 shares during the period. State Street Corp grew its holdings in BJ’s Wholesale Club by 1.1% in the 3rd quarter. State Street Corp now owns 4,045,590 shares of the company’s stock valued at $333,680,000 after buying an additional 45,288 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in BJ’s Wholesale Club by 60.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock worth $196,929,000 after buying an additional 896,263 shares during the period. Institutional investors own 98.60% of the company’s stock.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the transaction, the chief executive officer now owns 423,792 shares in the company, valued at $36,221,502.24. This represents a 2.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BJ shares. Roth Mkm increased their price objective on BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Bank of America decreased their price target on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Melius Research began coverage on shares of BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective for the company. TD Cowen increased their target price on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their price target for the company 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 ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $93.56.

BJ’s Wholesale Club Stock Up 0.1 %

BJ opened at $97.59 on Tuesday. The firm has a market cap of $12.89 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 4.69 and a beta of 0.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The firm’s 50-day simple moving average is $90.43 and its 200-day simple moving average is $87.19. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $64.06 and a twelve month high of $100.74.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.29. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.12 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current fiscal year.

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.