AlphaCore Capital LLC Purchases 158 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

AlphaCore Capital LLC lifted its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,697 shares of the company’s stock after acquiring an additional 158 shares during the period. AlphaCore Capital LLC’s holdings in BJ’s Wholesale Club were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BJ. CANADA LIFE ASSURANCE Co grew its position in shares of BJ’s Wholesale Club by 1.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 98,280 shares of the company’s stock worth $7,435,000 after buying an additional 1,794 shares during the period. LRI Investments LLC acquired a new stake in BJ’s Wholesale Club in the first quarter worth $140,000. Mount Yale Investment Advisors LLC increased its stake in BJ’s Wholesale Club by 95.2% in the first quarter. Mount Yale Investment Advisors LLC now owns 7,960 shares of the company’s stock valued at $602,000 after purchasing an additional 3,883 shares in the last quarter. Bayesian Capital Management LP acquired a new position in shares of BJ’s Wholesale Club during the first quarter valued at about $908,000. Finally, Janus Henderson Group PLC boosted its position in shares of BJ’s Wholesale Club by 1.3% during the 1st quarter. Janus Henderson Group PLC now owns 149,306 shares of the company’s stock worth $11,293,000 after purchasing an additional 1,955 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BJ has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Roth Mkm upped their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. 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 report on Tuesday, November 12th. Bank of America decreased their price target on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Finally, Jefferies Financial Group raised their price objective on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.40.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $92.50 on Friday. The stock has a 50 day moving average of $85.52 and a 200 day moving average of $85.20. The company has a market capitalization of $12.26 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 4.19 and a beta of 0.24. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $63.73 and a 12 month high of $94.67. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.97 EPS. As a group, sell-side analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.84 earnings per share for the current year.

Insider Activity at BJ’s Wholesale Club

In other news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction on Monday, August 26th. The stock was 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 owns 13,566 shares in the company, valued at approximately $1,133,710.62. This represents a 6.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $85.47, for a total value of $940,170.00. Following the completion of the sale, the chief executive officer now owns 423,792 shares in the company, valued at $36,221,502.24. This represents a 2.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,000 shares of company stock worth $2,818,390. 2.00% of the stock is owned by company insiders.

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.