Vista Investment Partners LLC Grows Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Vista Investment Partners LLC increased its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,272 shares of the company’s stock after purchasing an additional 440 shares during the quarter. BJ’s Wholesale Club makes up about 1.4% of Vista Investment Partners LLC’s investment portfolio, making the stock its 21st largest holding. Vista Investment Partners LLC’s holdings in BJ’s Wholesale Club were worth $4,240,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BJ. Blue Trust Inc. bought a new position in BJ’s Wholesale Club during the 2nd quarter valued at approximately $25,000. Rise Advisors LLC bought a new position in BJ’s Wholesale Club during the 1st quarter valued at approximately $26,000. Eagle Bay Advisors LLC bought a new position in BJ’s Wholesale Club during the 4th quarter valued at approximately $40,000. J.Safra Asset Management Corp bought a new position in BJ’s Wholesale Club during the 2nd quarter valued at approximately $45,000. Finally, First Horizon Advisors Inc. increased its position in BJ’s Wholesale Club by 36.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,126 shares of the company’s stock valued at $75,000 after buying an additional 302 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Analysts Set New Price Targets

BJ has been the subject of a number of research analyst reports. Barclays lifted their target price on BJ’s Wholesale Club from $72.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, May 24th. Loop Capital lifted their target price on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, July 11th. TD Cowen lifted their target price on BJ’s Wholesale Club from $93.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Gordon Haskett raised BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Thursday, May 23rd. Finally, Evercore ISI lifted their target price on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a report on Thursday, June 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $83.06.

Insider Activity at BJ’s Wholesale Club

In other news, EVP Graham Luce sold 16,596 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total value of $1,512,725.40. Following the sale, the executive vice president now directly owns 14,131 shares in the company, valued at $1,288,040.65. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $86.90, for a total value of $955,900.00. Following the sale, the chief executive officer now directly owns 467,792 shares in the company, valued at $40,651,124.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Graham Luce sold 16,596 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total value of $1,512,725.40. Following the completion of the sale, the executive vice president now owns 14,131 shares in the company, valued at $1,288,040.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 81,544 shares of company stock worth $7,237,084. Corporate insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Stock Performance

Shares of BJ traded up $1.12 during trading hours on Friday, hitting $86.65. The stock had a trading volume of 1,460,273 shares, compared to its average volume of 1,480,036. The firm has a market capitalization of $11.50 billion, a PE ratio of 22.51, a PEG ratio of 3.12 and a beta of 0.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.74 and a quick ratio of 0.14. The stock has a fifty day moving average price of $87.82 and a 200 day moving average price of $80.00. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $63.08 and a 12 month high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, May 23rd. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.86 billion. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. BJ’s Wholesale Club’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. Analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.

BJ’s Wholesale Club Company Profile

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.