Anchor Investment Management LLC Grows Stock Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Anchor Investment Management LLC lifted its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 47.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,037 shares of the company’s stock after buying an additional 654 shares during the period. Anchor Investment Management LLC’s holdings in BJ’s Wholesale Club were worth $168,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. purchased a new stake in BJ’s Wholesale Club in the second quarter valued at $25,000. Davis Capital Management acquired a new stake in BJ’s Wholesale Club during the third quarter worth about $25,000. UMB Bank n.a. raised its position in BJ’s Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after acquiring an additional 293 shares in the last quarter. Reston Wealth Management LLC acquired a new position in BJ’s Wholesale Club in the third quarter valued at approximately $41,000. Finally, Benjamin Edwards Inc. boosted its position in BJ’s Wholesale Club by 394.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock worth $55,000 after purchasing an additional 501 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BJ shares. 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 for the company in a report on Friday, August 23rd. JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $76.00 to $78.00 in a research note on Monday, August 26th. 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 report on Thursday. Melius Research started coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target for the company. Finally, UBS Group raised their price objective on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and a consensus price target of $93.56.

BJ’s Wholesale Club Trading Down 1.0 %

Shares of BJ opened at $97.54 on Friday. The firm’s fifty day moving average is $90.22 and its two-hundred day moving average is $87.09. The stock has a market cap of $12.88 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 4.69 and a beta of 0.29. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $64.06 and a 52-week high of $100.74.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.29. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.12 billion. During the same quarter in the prior year, the company earned $0.98 EPS. BJ’s Wholesale Club’s revenue was up 3.5% compared to the same quarter last year. Research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Robert W. Eddy sold 11,000 shares of the company’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 of the company’s stock, valued at approximately $36,221,502.24. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.

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.