Foster Victor Wealth Advisors LLC Decreases Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Foster Victor Wealth Advisors LLC lessened its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 135,590 shares of the company’s stock after selling 769 shares during the period. Foster Victor Wealth Advisors LLC owned approximately 0.10% of BJ’s Wholesale Club worth $11,945,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Creative Planning lifted its holdings in shares of BJ’s Wholesale Club by 37.4% during the 3rd quarter. Creative Planning now owns 12,771 shares of the company’s stock valued at $1,053,000 after purchasing an additional 3,473 shares during the last quarter. Factory Mutual Insurance Co. increased its position in shares of BJ’s Wholesale Club by 27.0% in the 3rd quarter. Factory Mutual Insurance Co. now owns 512,837 shares of the company’s stock valued at $42,299,000 after acquiring an additional 108,900 shares during the period. Exchange Traded Concepts LLC increased its position in shares of BJ’s Wholesale Club by 4.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 9,495 shares of the company’s stock valued at $783,000 after acquiring an additional 392 shares during the period. Inspire Investing LLC increased its position in shares of BJ’s Wholesale Club by 8.3% in the 3rd quarter. Inspire Investing LLC now owns 26,208 shares of the company’s stock valued at $2,162,000 after acquiring an additional 2,016 shares during the period. Finally, Cox Capital Mgt LLC acquired a new position in shares of BJ’s Wholesale Club in the 3rd quarter valued at $1,291,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

NYSE:BJ opened at $86.98 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.08 and a 52 week high of $92.37. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $11.54 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 3.27 and a beta of 0.25. The stock’s 50-day moving average price is $82.84 and its 200-day moving average price is $83.17.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The firm had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.15 billion. During the same period last year, the firm earned $0.97 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current fiscal year.

Insider Activity at BJ’s Wholesale Club

In related news, EVP Jeff Desroches sold 28,842 shares of the firm’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $89.86, for a total value of $2,591,742.12. Following the transaction, the executive vice president now directly owns 58,452 shares of the company’s stock, valued at approximately $5,252,496.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Jeff Desroches sold 28,842 shares of the firm’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $89.86, for a total value of $2,591,742.12. Following the transaction, the executive vice president now directly owns 58,452 shares of the company’s stock, valued at approximately $5,252,496.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the transaction, the senior vice president now directly owns 13,566 shares in the company, valued at $1,133,710.62. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,842 shares of company stock valued at $5,433,562. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Roth Mkm upped their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Bank of America cut their target price on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Melius Research assumed coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price on the stock. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their target price for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Finally, Loop Capital increased their price target on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, July 11th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and an average target price of $86.31.

About BJ’s Wholesale Club

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.