Alliance Wealth Advisors LLC UT Acquires 602 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Alliance Wealth Advisors LLC UT grew its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJFree Report) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,228 shares of the company’s stock after acquiring an additional 602 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in BJ’s Wholesale Club were worth $801,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Morgan Stanley lifted its position in shares of BJ’s Wholesale Club by 180.8% in the fourth quarter. Morgan Stanley now owns 2,615,939 shares of the company’s stock worth $173,071,000 after buying an additional 1,684,174 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of BJ’s Wholesale Club by 145.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,422,594 shares of the company’s stock worth $163,792,000 after buying an additional 1,436,785 shares in the last quarter. Norges Bank purchased a new stake in shares of BJ’s Wholesale Club in the fourth quarter worth about $89,816,000. Eaton Vance Management lifted its position in shares of BJ’s Wholesale Club by 323.5% in the first quarter. Eaton Vance Management now owns 1,719,134 shares of the company’s stock worth $116,230,000 after buying an additional 1,313,206 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in BJ’s Wholesale Club by 118.0% during the first quarter. Thrivent Financial for Lutherans now owns 1,548,515 shares of the company’s stock valued at $117,795,000 after purchasing an additional 838,036 shares during the period. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Stock Up 0.4 %

Shares of NYSE:BJ opened at $67.38 on Monday. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $60.33 and a 52-week high of $78.88. The stock has a market cap of $8.99 billion, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 2.38 and a beta of 0.23. The business’s 50 day moving average is $65.85 and its 200 day moving average is $67.47. The company has a quick ratio of 0.12, a current ratio of 0.73 and a debt-to-equity ratio of 0.29.

BJ’s Wholesale Club (NYSE:BJGet Free Report) last announced its quarterly earnings data on Friday, November 17th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.03. BJ’s Wholesale Club had a return on equity of 43.26% and a net margin of 2.61%. The company had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. BJ’s Wholesale Club’s revenue was up .7% compared to the same quarter last year. Sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BJ. Evercore ISI decreased their price objective on BJ’s Wholesale Club from $68.00 to $64.00 and set an “in-line” rating on the stock in a research report on Monday, November 20th. Citigroup decreased their price objective on BJ’s Wholesale Club from $74.00 to $72.00 and set a “neutral” rating on the stock in a research report on Monday, November 20th. The Goldman Sachs Group downgraded BJ’s Wholesale Club from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $75.00 to $73.00 in a research report on Tuesday, October 17th. Gordon Haskett downgraded BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research report on Wednesday, February 7th. Finally, Deutsche Bank Aktiengesellschaft downgraded BJ’s Wholesale Club from a “buy” rating to a “hold” rating and decreased their price objective for the company from $79.00 to $71.00 in a research report on Monday, November 6th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $70.76.

Get Our Latest Research Report on BJ’s Wholesale Club

Insider Buying and Selling

In related news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $65.87, for a total value of $65,870.00. Following the transaction, the senior vice president now owns 10,464 shares of the company’s stock, valued at $689,263.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by insiders.

About BJ’s Wholesale Club

(Free Report)

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides perishable, general merchandise, gasoline, coupon books, promotions, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.

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Institutional Ownership by Quarter for BJ's Wholesale Club (NYSE:BJ)

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