Sanctuary Advisors LLC grew its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 129.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,984 shares of the company's stock after purchasing an additional 21,957 shares during the quarter. Sanctuary Advisors LLC's holdings in BJ's Wholesale Club were worth $3,215,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. SG Americas Securities LLC bought a new position in BJ's Wholesale Club during the second quarter worth $397,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of BJ's Wholesale Club by 6.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,512 shares of the company's stock worth $484,000 after buying an additional 339 shares during the last quarter. Blue Trust Inc. acquired a new position in shares of BJ's Wholesale Club in the 2nd quarter valued at about $25,000. Raymond James & Associates boosted its holdings in shares of BJ's Wholesale Club by 99.9% in the 2nd quarter. Raymond James & Associates now owns 764,474 shares of the company's stock valued at $67,151,000 after buying an additional 382,114 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of BJ's Wholesale Club by 696.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 8,406 shares of the company's stock valued at $738,000 after buying an additional 7,351 shares during the last quarter. Institutional investors own 98.60% of the company's stock.
BJ has been the topic of a number of recent research reports. 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 on the stock in a report on Friday, August 23rd. Morgan Stanley raised their price target on BJ's Wholesale Club from $90.00 to $98.00 and gave the stock an "equal weight" rating in a report on Friday, November 22nd. Roth Mkm boosted their price objective on BJ's Wholesale Club from $75.00 to $87.00 and gave the company a "neutral" rating in a research report on Monday, November 25th. Wells Fargo & Company increased their target price on BJ's Wholesale Club from $92.00 to $100.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 12th. Finally, TD Cowen raised their target price on BJ's Wholesale Club from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $93.56.
Read Our Latest Research Report on BJ
In related news, CEO Robert W. Eddy sold 11,000 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the completion of the sale, the chief executive officer now directly owns 423,792 shares in the company, valued at approximately $36,221,502.24. This trade represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is owned by corporate insiders.
Shares of NYSE:BJ opened at $97.59 on Tuesday. The company has a 50 day moving average of $90.43 and a 200-day moving average of $87.19. 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 firm has a market cap of $12.89 billion, a P/E ratio of 23.46, a P/E/G ratio of 4.69 and a beta of 0.29. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $64.06 and a twelve month high of $100.74.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.29. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.12 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current fiscal year.
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.
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