Sanctuary Advisors LLC Takes Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Sanctuary Advisors LLC acquired a new position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,027 shares of the company's stock, valued at approximately $1,496,000.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new stake in shares of BJ's Wholesale Club in the second quarter valued at about $25,000. Rise Advisors LLC acquired a new stake in shares of BJ's Wholesale Club in the first quarter valued at about $26,000. J.Safra Asset Management Corp acquired a new stake in shares of BJ's Wholesale Club in the second quarter valued at about $45,000. Benjamin Edwards Inc. raised its position in shares of BJ's Wholesale Club by 394.5% in the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company's stock valued at $55,000 after buying an additional 501 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of BJ's Wholesale Club by 103.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 745 shares of the company's stock valued at $65,000 after buying an additional 379 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ's Wholesale Club Stock Down 1.0 %

Shares of NYSE BJ traded down $0.87 during midday trading on Thursday, hitting $87.23. The company's stock had a trading volume of 1,250,030 shares, compared to its average volume of 1,518,728. The business's fifty day simple moving average is $82.81 and its two-hundred day simple moving average is $82.84. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. BJ's Wholesale Club Holdings, Inc. has a 1 year low of $63.08 and a 1 year high of $92.37. The firm has a market capitalization of $11.58 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 3.02 and a beta of 0.25.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.00 by $0.09. BJ's Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same quarter last year, the firm posted $0.97 earnings per share. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.83 EPS for the current year.

Insider Activity

In related news, SVP Joseph Mcgrail sold 1,000 shares of BJ's Wholesale Club stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the transaction, the senior vice president now owns 13,566 shares in the company, valued at $1,133,710.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Joseph Mcgrail sold 1,000 shares of BJ's Wholesale Club stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the transaction, the senior vice president now owns 13,566 shares in the company, valued at $1,133,710.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Graham Luce sold 16,596 shares of BJ's Wholesale Club stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the completion of the transaction, the executive vice president now owns 14,131 shares of the company's stock, valued at $1,288,040.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,438 shares of company stock valued at $6,946,288. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BJ shares. Evercore ISI increased their target price on shares of BJ's Wholesale Club from $86.00 to $89.00 and gave the company an "in-line" rating in a research report on Thursday, June 20th. Bank of America reduced their target price on shares of BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, August 23rd. Wells Fargo & Company upgraded shares of BJ's Wholesale Club from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. Roth Mkm raised their price objective on shares of BJ's Wholesale Club from $68.00 to $75.00 and gave the stock a "neutral" rating in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. upgraded shares of BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, BJ's Wholesale Club presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.31.

BJ's Wholesale Club 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.