BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC boosted its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 18.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,123 shares of the company's stock after acquiring an additional 9,524 shares during the period. Orion Portfolio Solutions LLC's holdings in BJ's Wholesale Club were worth $5,041,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BJ. CIBC Asset Management Inc raised its position in shares of BJ's Wholesale Club by 3.3% during the third quarter. CIBC Asset Management Inc now owns 3,906 shares of the company's stock valued at $322,000 after buying an additional 123 shares during the last quarter. Fifth Third Bancorp raised its position in shares of BJ's Wholesale Club by 9.3% during the second quarter. Fifth Third Bancorp now owns 1,461 shares of the company's stock valued at $128,000 after buying an additional 124 shares during the last quarter. CWM LLC raised its position in shares of BJ's Wholesale Club by 7.4% during the second quarter. CWM LLC now owns 1,863 shares of the company's stock valued at $164,000 after buying an additional 128 shares during the last quarter. OLD National Bancorp IN raised its position in shares of BJ's Wholesale Club by 2.5% during the third quarter. OLD National Bancorp IN now owns 5,438 shares of the company's stock valued at $449,000 after buying an additional 133 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of BJ's Wholesale Club by 5.2% during the third quarter. Integrated Wealth Concepts LLC now owns 2,710 shares of the company's stock valued at $224,000 after buying an additional 133 shares during the last quarter. Institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Trading Up 0.0 %

Shares of BJ traded up $0.02 during trading hours on Monday, reaching $95.62. 1,488,010 shares of the company traded hands, compared to its average volume of 1,504,547. The firm has a market cap of $12.63 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 4.50 and a beta of 0.29. BJ's Wholesale Club Holdings, Inc. has a 12-month low of $64.06 and a 12-month high of $99.91. 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 stock's fifty day moving average price is $89.16 and its 200 day moving average price is $86.79.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.29. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.12 billion. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business's revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 earnings per share. Sell-side analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on BJ. Melius Research began coverage on shares of BJ's Wholesale Club in a research report on Monday, September 23rd. They set a "buy" rating and a $90.00 price objective on the stock. Morgan Stanley raised their target price on shares of BJ's Wholesale Club from $90.00 to $98.00 and gave the company an "equal weight" rating in a report on Friday, November 22nd. Roth Mkm raised their target price on shares of BJ's Wholesale Club from $75.00 to $87.00 and gave the company a "neutral" rating in a report on Monday, November 25th. Jefferies Financial Group raised their target price on shares of BJ's Wholesale Club from $105.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Finally, Bank of America cut 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 report on Friday, August 23rd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, BJ's Wholesale Club presently has a consensus rating of "Moderate Buy" and an average price target of $93.25.

Insider Activity

In related news, CEO Robert W. Eddy sold 11,000 shares of BJ's Wholesale Club stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $83.75, for a total value of $921,250.00. Following the completion of the sale, the chief executive officer now directly owns 434,792 shares in the company, valued at $36,413,830. The trade was a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.00% of the company's stock.

About BJ's Wholesale Club

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.