Curi RMB Capital LLC Raises Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Curi RMB Capital LLC raised its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 18.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 143,125 shares of the company's stock after acquiring an additional 22,400 shares during the period. Curi RMB Capital LLC owned about 0.11% of BJ's Wholesale Club worth $11,805,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in BJ. Blue Trust Inc. bought a new stake in BJ's Wholesale Club during the second quarter worth about $25,000. Davis Capital Management acquired a new position in shares of BJ's Wholesale Club in the third quarter valued at approximately $25,000. UMB Bank n.a. boosted its position in BJ's Wholesale Club by 375.6% during the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company's stock worth $31,000 after buying an additional 293 shares during the period. Reston Wealth Management LLC acquired a new position in BJ's Wholesale Club in the 3rd quarter valued at approximately $41,000. Finally, J.Safra Asset Management Corp acquired a new position in shares of BJ's Wholesale Club during the second quarter worth $45,000. 98.60% of the stock is owned by institutional investors.

BJ's Wholesale Club Price Performance

Shares of BJ's Wholesale Club stock traded up $0.26 during trading on Friday, reaching $87.23. The company's stock had a trading volume of 1,112,989 shares, compared to its average volume of 1,465,049. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $11.57 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 3.23 and a beta of 0.24. BJ's Wholesale Club Holdings, Inc. has a one year low of $63.08 and a one year high of $92.37. The stock has a 50-day moving average price of $84.80 and a two-hundred day moving average price of $84.84.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.09. BJ's Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The firm had revenue of $5.21 billion during the quarter, compared to analysts' expectations of $5.15 billion. During the same period in the previous year, the firm earned $0.97 earnings per share. The company's revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.82 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now directly owns 13,566 shares of the company's stock, valued at $1,133,710.62. This represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of BJ's Wholesale Club stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 423,792 shares of the company's stock, valued at approximately $36,221,502.24. The trade was a 2.53 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,000 shares of company stock valued at $2,818,390. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BJ. Melius Research initiated coverage on BJ's Wholesale Club in a report on Monday, September 23rd. They issued a "buy" rating and a $90.00 target price on the stock. Bank of America decreased their price target on 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. Roth Mkm raised their target price on shares of BJ's Wholesale Club from $68.00 to $75.00 and gave the company a "neutral" rating in a research note on Friday, August 23rd. Jefferies Financial Group upped their price objective on shares of BJ's Wholesale Club from $95.00 to $105.00 and gave the company a "buy" rating in a research note on Friday. Finally, Wells Fargo & Company raised their target price on BJ's Wholesale Club from $92.00 to $100.00 and gave the stock an "overweight" rating in a research note on Tuesday. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $88.94.

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.