Foster Victor Wealth Advisors LLC Has $13.38 Million Stock Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Foster Victor Wealth Advisors LLC increased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,795 shares of the company’s stock after acquiring an additional 5,205 shares during the period. Foster Victor Wealth Advisors LLC owned about 0.11% of BJ’s Wholesale Club worth $13,383,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Davis Capital Management purchased a new stake in shares of BJ’s Wholesale Club in the third quarter worth approximately $25,000. UMB Bank n.a. grew its holdings 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 worth $31,000 after buying an additional 293 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in BJ’s Wholesale Club in the 3rd quarter valued at $41,000. Wilmington Savings Fund Society FSB bought a new position in BJ’s Wholesale Club during the 3rd quarter valued at $55,000. Finally, Blue Trust Inc. boosted its holdings in BJ’s Wholesale Club by 198.6% during the 3rd quarter. Blue Trust Inc. now owns 863 shares of the company’s stock worth $76,000 after acquiring an additional 574 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

Wall Street Analyst Weigh In

BJ has been the subject of several analyst reports. TD Cowen increased their target price on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Roth Mkm increased their price objective on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Morgan Stanley boosted their target price on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. UBS Group increased their price target on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Citigroup lifted their price target on BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.00.

BJ’s Wholesale Club Price Performance

NYSE BJ opened at $98.58 on Wednesday. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The company has a market cap of $13.02 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 4.48 and a beta of 0.32. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $64.06 and a 52 week high of $100.74. The firm’s 50-day simple moving average is $94.68 and its two-hundred day simple moving average is $88.43.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results 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. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.12 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Robert W. Eddy sold 11,000 shares of the business’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 transaction, the chief executive officer now owns 423,792 shares of the company’s stock, valued at approximately $36,221,502.24. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club 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.