Raymond James Trust N.A. Acquires Shares of 3,146 BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Posted by on Apr 27th, 2023

Raymond James Trust N.A. acquired a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,146 shares of the company’s stock, valued at approximately $208,000.

A number of other large investors also recently bought and sold shares of the company. Congress Wealth Management LLC DE lifted its holdings in BJ’s Wholesale Club by 12.1% during the 4th quarter. Congress Wealth Management LLC DE now owns 25,532 shares of the company’s stock worth $1,689,000 after buying an additional 2,765 shares during the last quarter. Covea Finance lifted its holdings in BJ’s Wholesale Club by 28.8% during the 4th quarter. Covea Finance now owns 42,500 shares of the company’s stock worth $2,812,000 after buying an additional 9,500 shares during the last quarter. O Brien Greene & Co. Inc bought a new position in BJ’s Wholesale Club during the 4th quarter worth approximately $232,000. ProShare Advisors LLC lifted its holdings in BJ’s Wholesale Club by 11.9% during the 4th quarter. ProShare Advisors LLC now owns 8,582 shares of the company’s stock worth $568,000 after buying an additional 915 shares during the last quarter. Finally, Tobam lifted its holdings in BJ’s Wholesale Club by 106.2% during the 4th quarter. Tobam now owns 11,375 shares of the company’s stock worth $753,000 after buying an additional 5,859 shares during the last quarter. Institutional investors own 93.72% of the company’s stock.

BJ’s Wholesale Club Stock Down 1.5 %

BJ opened at $76.08 on Thursday. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $51.45 and a 12 month high of $80.41. The stock has a market cap of $10.19 billion, a P/E ratio of 20.29, a P/E/G ratio of 2.13 and a beta of 0.48. The stock’s 50 day moving average price is $75.08 and its 200 day moving average price is $72.87. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.67 and a quick ratio of 0.13.

BJ’s Wholesale Club (NYSE:BJ – Get Rating) last issued its quarterly earnings results on Thursday, March 9th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.11. BJ’s Wholesale Club had a return on equity of 60.16% and a net margin of 2.66%. The company had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same period last year, the firm earned $0.80 EPS. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. As a group, research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Morgan Stanley increased their target price on BJ’s Wholesale Club from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Friday, March 10th. UBS Group cut their price target on BJ’s Wholesale Club from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, January 6th. Barclays raised their price target on BJ’s Wholesale Club from $24.00 to $25.00 in a report on Tuesday, February 21st. Roth Capital reissued a “neutral” rating on shares of BJ’s Wholesale Club in a report on Friday, March 10th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on BJ’s Wholesale Club from $89.00 to $93.00 in a report on Friday, March 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $76.81.

Insider Activity

In other news, CEO Robert W. Eddy sold 5,031 shares of BJ’s Wholesale Club stock in a transaction on Monday, January 30th. The stock was sold at an average price of $70.36, for a total transaction of $353,981.16. Following the transaction, the chief executive officer now directly owns 178,725 shares in the company, valued at approximately $12,575,091. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Robert W. Eddy sold 5,031 shares of BJ’s Wholesale Club stock in a transaction on Monday, January 30th. The stock was sold at an average price of $70.36, for a total value of $353,981.16. Following the transaction, the chief executive officer now directly owns 178,725 shares in the company, valued at approximately $12,575,091. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeff Desroches sold 7,059 shares of BJ’s Wholesale Club stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $77.09, for a total value of $544,178.31. Following the completion of the transaction, the executive vice president now owns 84,822 shares in the company, valued at $6,538,927.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,806 shares of company stock worth $1,026,568. 2.10% of the stock is owned by company insiders.

BJ’s Wholesale Club Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for BJ's Wholesale Club (NYSE:BJ)

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