Sagespring Wealth Partners LLC Acquires Shares of 4,295 BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Sagespring Wealth Partners LLC purchased a new position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,295 shares of the company's stock, valued at approximately $384,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. HighTower Advisors LLC boosted its holdings in shares of BJ's Wholesale Club by 6.1% during the 3rd quarter. HighTower Advisors LLC now owns 16,401 shares of the company's stock valued at $1,347,000 after purchasing an additional 947 shares during the last quarter. National Bank of Canada FI boosted its position in shares of BJ's Wholesale Club by 128.2% during the 3rd quarter. National Bank of Canada FI now owns 2,209 shares of the company's stock valued at $182,000 after acquiring an additional 1,241 shares during the last quarter. Barclays PLC grew its holdings in shares of BJ's Wholesale Club by 118.6% in the third quarter. Barclays PLC now owns 144,652 shares of the company's stock valued at $11,931,000 after purchasing an additional 78,470 shares in the last quarter. Anchor Investment Management LLC increased its position in BJ's Wholesale Club by 47.3% in the third quarter. Anchor Investment Management LLC now owns 2,037 shares of the company's stock worth $168,000 after purchasing an additional 654 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in BJ's Wholesale Club by 129.0% during the third quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company's stock valued at $3,215,000 after purchasing an additional 21,957 shares in the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BJ. Loop Capital boosted their target price on BJ's Wholesale Club from $95.00 to $110.00 and gave the company a "hold" rating in a research report on Friday, March 7th. The Goldman Sachs Group boosted their price objective on shares of BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a research report on Monday, March 10th. Evercore ISI lowered their target price on shares of BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Citigroup upgraded shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and upped their price target for the company from $115.00 to $130.00 in a report on Thursday, April 3rd. Finally, Morgan Stanley raised 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. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, BJ's Wholesale Club has a consensus rating of "Moderate Buy" and a consensus target price of $110.82.

BJ's Wholesale Club Stock Up 2.4 %

Shares of NYSE BJ traded up $2.74 during midday trading on Friday, reaching $118.57. 1,883,776 shares of the company's stock traded hands, compared to its average volume of 1,642,309. The company has a market cap of $15.61 billion, a price-to-earnings ratio of 28.50, a P/E/G ratio of 4.50 and a beta of 0.54. BJ's Wholesale Club Holdings, Inc. has a one year low of $72.38 and a one year high of $121.10. 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 stock's 50 day simple moving average is $110.18 and its 200-day simple moving average is $98.68.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.29 billion. On average, analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Joseph Mcgrail sold 2,100 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total value of $251,454.00. Following the sale, the senior vice president now owns 14,240 shares in the company, valued at $1,705,097.60. This represents a 12.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William C. Werner sold 14,192 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $117.64, for a total value of $1,669,546.88. Following the completion of the transaction, the executive vice president now directly owns 26,113 shares of the company's stock, valued at $3,071,933.32. The trade was a 35.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 328,505 shares of company stock worth $37,452,686 in the last three months. Corporate insiders own 2.00% of the company's stock.

BJ's Wholesale Club Company Profile

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.