Advisory Services Network LLC Takes Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Advisory Services Network LLC acquired a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 4,307 shares of the company's stock, valued at approximately $385,000.

A number of other hedge funds also recently made changes to their positions in BJ. Tortoise Investment Management LLC boosted its stake in shares of BJ's Wholesale Club by 78.7% in the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock worth $47,000 after acquiring an additional 233 shares during the period. Brown Brothers Harriman & Co. grew its holdings in BJ's Wholesale Club by 652.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock valued at $47,000 after buying an additional 457 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of BJ's Wholesale Club during the third quarter valued at approximately $55,000. UMB Bank n.a. lifted its holdings in shares of BJ's Wholesale Club by 68.2% in the fourth quarter. UMB Bank n.a. now owns 624 shares of the company's stock worth $56,000 after buying an additional 253 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of BJ's Wholesale Club by 770.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,140 shares of the company's stock worth $102,000 after buying an additional 1,009 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Robert W. Eddy sold 280,400 shares of the company's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $114.31, for a total value of $32,052,524.00. Following the completion of the transaction, the chief executive officer now owns 422,033 shares of the company's stock, valued at approximately $48,242,592.23. This represents a 39.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Allan Steele sold 11,813 shares of BJ's Wholesale Club stock in a transaction on Friday, March 14th. The shares were sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the completion of the sale, the director now directly owns 24,351 shares in the company, valued at $2,619,924.09. This represents a 32.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 328,505 shares of company stock valued at $37,452,686 in the last ninety days. Insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BJ shares. Argus raised shares of BJ's Wholesale Club to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird raised their price objective on BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. UBS Group boosted their target price on BJ's Wholesale Club from $108.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Morgan Stanley lifted their price objective on shares of BJ's Wholesale Club from $98.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Friday, March 7th. Finally, Cowen restated a "buy" rating on shares of BJ's Wholesale Club in a report 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $110.82.

BJ's Wholesale Club Stock Performance

Shares of BJ traded up $2.74 during trading hours on Friday, reaching $118.57. 1,883,776 shares of the company traded hands, compared to its average volume of 1,641,857. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average price of $110.18 and a 200-day moving average price of $98.78. BJ's Wholesale Club Holdings, Inc. has a 12-month low of $73.01 and a 12-month high of $121.10. The stock has a market capitalization of $15.61 billion, a P/E ratio of 28.50, a P/E/G ratio of 4.50 and a beta of 0.54.

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

About BJ's Wholesale Club

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.