LPL Financial LLC Has $11.27 Million Stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

LPL Financial LLC increased its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 35.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 126,093 shares of the company's stock after purchasing an additional 33,026 shares during the quarter. LPL Financial LLC owned 0.10% of BJ's Wholesale Club worth $11,266,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of BJ. Raymond James Financial Inc. acquired a new position in BJ's Wholesale Club during the 4th quarter worth approximately $85,550,000. Franklin Resources Inc. lifted its position in shares of BJ's Wholesale Club by 7.6% in the third quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company's stock worth $408,926,000 after purchasing an additional 337,217 shares in the last quarter. American Century Companies Inc. boosted its holdings in BJ's Wholesale Club by 66.2% during the fourth quarter. American Century Companies Inc. now owns 377,036 shares of the company's stock worth $33,688,000 after purchasing an additional 150,205 shares during the last quarter. Lord Abbett & CO. LLC increased its position in shares of BJ's Wholesale Club by 11.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,371,169 shares of the company's stock worth $113,094,000 after purchasing an additional 136,082 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of BJ's Wholesale Club during the 4th quarter worth approximately $9,967,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BJ's Wholesale Club

In other news, CEO Robert W. Eddy sold 280,400 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the sale, the chief executive officer now directly owns 422,033 shares in the company, valued at approximately $48,242,592.23. The trade was a 39.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert Allan Steele sold 11,813 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the completion of the transaction, the director now directly owns 24,351 shares of the company's stock, valued at $2,619,924.09. This represents a 32.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 326,405 shares of company stock valued at $37,201,232. 2.00% of the stock is owned by insiders.

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Wall Street Analyst Weigh In

Several brokerages recently commented on BJ. Wells Fargo & Company reaffirmed an "overweight" rating on shares of BJ's Wholesale Club in a report on Friday, March 7th. Citigroup upgraded BJ's Wholesale Club from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $115.00 to $130.00 in a report on Thursday, April 3rd. 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 note on Monday, March 10th. DA Davidson boosted their price target 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. Finally, Robert W. Baird increased their price objective on BJ's Wholesale Club from $115.00 to $125.00 and gave the stock an "outperform" rating in a research 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $110.82.

BJ's Wholesale Club Price Performance

Shares of BJ stock traded down $2.33 during trading hours on Tuesday, reaching $112.20. The company's stock had a trading volume of 3,251,577 shares, compared to its average volume of 1,634,993. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $71.81 and a fifty-two week high of $120.43. The firm's 50 day simple moving average is $107.71 and its 200-day simple moving average is $96.73. 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 company has a market capitalization of $14.77 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 4.50 and a beta of 0.54.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate 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%. Sell-side analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current 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.