First Trust Advisors LP Purchases 117,214 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Posted by Defense World Staff on Mar 11th, 2023

First Trust Advisors LP increased its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) by 119.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,197 shares of the company’s stock after buying an additional 117,214 shares during the quarter. First Trust Advisors LP owned 0.16% of BJ’s Wholesale Club worth $15,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BJ. Vestmark Advisory Solutions Inc. lifted its position in BJ’s Wholesale Club by 2.7% in the third quarter. Vestmark Advisory Solutions Inc. now owns 5,401 shares of the company’s stock valued at $393,000 after purchasing an additional 143 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in BJ’s Wholesale Club by 71.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock valued at $25,000 after purchasing an additional 166 shares during the last quarter. Cribstone Capital Management LLC lifted its position in BJ’s Wholesale Club by 1.5% in the second quarter. Cribstone Capital Management LLC now owns 11,165 shares of the company’s stock valued at $696,000 after purchasing an additional 166 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its position in BJ’s Wholesale Club by 30.4% in the third quarter. GPS Wealth Strategies Group LLC now owns 772 shares of the company’s stock valued at $56,000 after purchasing an additional 180 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in BJ’s Wholesale Club by 20.2% in the third quarter. National Bank of Canada FI now owns 1,137 shares of the company’s stock valued at $83,000 after purchasing an additional 191 shares during the last quarter. Institutional investors own 93.72% of the company’s stock.

BJ’s Wholesale Club Trading Down 1.7 %

BJ’s Wholesale Club stock opened at $74.78 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.14 and a debt-to-equity ratio of 0.64. The business’s fifty day simple moving average is $71.70 and its two-hundred day simple moving average is $72.67. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $51.45 and a 12 month high of $80.41. The company has a market capitalization of $10.10 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48.

BJ’s Wholesale Club (NYSE:BJ – Get Rating) last released its earnings results on Thursday, March 9th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.89 by $0.11. BJ’s Wholesale Club had a return on equity of 64.35% and a net margin of 2.62%. The business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, equities analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BJ has been the subject of several recent research reports. Barclays boosted their price objective on BJ’s Wholesale Club from $24.00 to $25.00 in a research report on Tuesday, February 21st. JPMorgan Chase & Co. boosted their target price on BJ’s Wholesale Club from $64.00 to $65.00 and gave the company an “underweight” rating in a research note on Friday, November 18th. DA Davidson boosted their target price on BJ’s Wholesale Club from $88.00 to $90.00 in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on BJ’s Wholesale Club from $89.00 to $93.00 in a research note on Friday. Finally, UBS Group reduced their target price on BJ’s Wholesale Club from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, January 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BJ’s Wholesale Club has an average rating of “Moderate Buy” and a consensus target price of $76.44.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 1,716 shares of the stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $74.83, for a total value of $128,408.28. Following the transaction, the executive vice president now owns 91,881 shares of the company’s stock, valued at $6,875,455.23. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,975 shares of the company’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $69.30, for a total value of $136,867.50. Following the completion of the sale, the senior vice president now owns 10,083 shares in the company, valued at $698,751.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Jeff Desroches sold 1,716 shares of the company’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $74.83, for a total value of $128,408.28. Following the completion of the sale, the executive vice president now owns 91,881 shares of the company’s stock, valued at approximately $6,875,455.23. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,482 shares of company stock valued at $1,637,601. 2.10% of the stock is owned by company insiders.

BJ’s Wholesale Club Company Profile

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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.