Orion Portfolio Solutions LLC Has $5.16 Million Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Orion Portfolio Solutions LLC trimmed its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,752 shares of the company’s stock after selling 3,371 shares during the period. Orion Portfolio Solutions LLC’s holdings in BJ’s Wholesale Club were worth $5,160,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BJ. Tortoise Investment Management LLC increased its holdings in BJ’s Wholesale Club by 78.7% during the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock worth $47,000 after purchasing an additional 233 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of BJ’s Wholesale Club during the third quarter worth about $55,000. UMB Bank n.a. grew its holdings in shares of BJ’s Wholesale Club by 68.2% during the fourth quarter. UMB Bank n.a. now owns 624 shares of the company’s stock worth $56,000 after buying an additional 253 shares in the last quarter. Avior Wealth Management LLC raised its position in BJ’s Wholesale Club by 151.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,168 shares of the company’s stock valued at $104,000 after buying an additional 703 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in BJ’s Wholesale Club by 34.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,257 shares of the company’s stock valued at $113,000 after acquiring an additional 324 shares in the last quarter. 98.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BJ has been the subject of several research reports. DA Davidson raised their price target on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. TD Cowen lifted their price target on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Citigroup increased their price objective on shares of BJ’s Wholesale Club from $101.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, March 7th. Barclays upped their target price on BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.71.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $111.86 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $71.81 and a 52 week high of $118.40. The company has a market capitalization of $14.73 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 4.50 and a beta of 0.28. The company has a 50-day simple moving average of $104.94 and a 200 day simple moving average of $94.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, March 6th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. The company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. On average, sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Robert Allan Steele sold 11,813 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the transaction, the director now directly owns 24,351 shares of the company’s stock, valued at approximately $2,619,924.09. This trade represents a 32.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William C. Werner sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total value of $2,208,200.00. Following the completion of the sale, the executive vice president now owns 31,308 shares of the company’s stock, valued at approximately $3,456,716.28. This trade represents a 38.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

About BJ’s Wholesale Club

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.