Sagespring Wealth Partners LLC Buys Shares of 4,295 BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Sagespring Wealth Partners LLC purchased a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the fourth quarter, HoldingsChannel reports. The fund purchased 4,295 shares of the company’s stock, valued at approximately $384,000.

A number of other institutional investors have also modified their holdings of BJ. Townsquare Capital LLC grew its stake in BJ’s Wholesale Club by 9.3% in the 4th quarter. Townsquare Capital LLC now owns 53,926 shares of the company’s stock worth $4,818,000 after acquiring an additional 4,578 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of BJ’s Wholesale Club by 9.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 682,616 shares of the company’s stock valued at $60,992,000 after purchasing an additional 57,411 shares during the period. Covestor Ltd increased its stake in BJ’s Wholesale Club by 66.5% in the fourth quarter. Covestor Ltd now owns 288 shares of the company’s stock valued at $26,000 after purchasing an additional 115 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in BJ’s Wholesale Club by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 57,998 shares of the company’s stock worth $5,182,000 after buying an additional 360 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in BJ’s Wholesale Club in the 4th quarter worth about $385,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

BJ opened at $118.82 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $71.81 and a twelve month high of $121.10. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The firm has a market cap of $15.65 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 4.50 and a beta of 0.54. The company has a fifty day simple moving average of $109.47 and a 200 day simple moving average of $98.07.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. The business had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.29 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. Equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Activity

In other news, Director Robert Allan Steele sold 11,813 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $107.59, for a total value of $1,270,960.67. Following the completion of the sale, the director now directly owns 24,351 shares in the company, valued at approximately $2,619,924.09. The trade was a 32.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William C. Werner sold 14,192 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $117.64, for a total value of $1,669,546.88. Following the sale, the executive vice president now directly owns 26,113 shares in the company, valued at approximately $3,071,933.32. This represents a 35.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 326,405 shares of company stock worth $37,201,232. 2.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on BJ. Loop Capital raised their target price on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a research report on Friday, March 7th. Argus raised shares of BJ’s Wholesale Club to a “hold” rating in a research note on Friday, April 4th. The Goldman Sachs Group increased their target price on BJ’s Wholesale Club from $102.00 to $121.00 and gave the stock a “buy” rating in a research report on Monday, March 10th. Evercore ISI dropped their price target on BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. Finally, DA Davidson lifted their price objective on BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.82.

BJ’s Wholesale Club Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.