Florida Financial Advisors LLC Takes $222,000 Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Florida Financial Advisors LLC purchased a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,484 shares of the company’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Neo Ivy Capital Management bought a new stake in shares of BJ’s Wholesale Club in the 3rd quarter valued at approximately $828,000. Sanctuary Advisors LLC raised its holdings in BJ’s Wholesale Club by 129.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock valued at $3,215,000 after buying an additional 21,957 shares during the period. Oppenheimer & Co. Inc. bought a new stake in BJ’s Wholesale Club in the fourth quarter worth $307,000. Wealthfront Advisers LLC boosted its stake in BJ’s Wholesale Club by 1,462.2% during the fourth quarter. Wealthfront Advisers LLC now owns 54,208 shares of the company’s stock worth $4,843,000 after buying an additional 50,738 shares during the period. Finally, Intech Investment Management LLC increased its position in BJ’s Wholesale Club by 278.6% during the fourth quarter. Intech Investment Management LLC now owns 53,968 shares of the company’s stock valued at $4,822,000 after acquiring an additional 39,713 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Wall Street Analyst Weigh In

BJ has been the subject of a number of recent analyst reports. UBS Group lifted their price target on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. TD Cowen upped their target price on 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. Loop Capital increased their price target on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a report on Friday, March 7th. Morgan Stanley boosted their price objective on BJ’s Wholesale Club from $98.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, March 7th. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.71.

BJ’s Wholesale Club Stock Performance

Shares of NYSE:BJ opened at $109.45 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 capitalization of $14.41 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. The firm has a 50 day moving average of $103.87 and a 200 day moving average of $94.22. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $71.81 and a 52 week high of $118.40.

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

Insider Activity

In other news, EVP William C. Werner sold 20,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total transaction of $2,208,200.00. Following the completion of the sale, the executive vice president now owns 31,308 shares in the company, valued at approximately $3,456,716.28. This represents a 38.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Allan Steele sold 11,813 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $107.59, for a total value of $1,270,960.67. Following the transaction, the director now owns 24,351 shares in the company, valued at approximately $2,619,924.09. This trade represents a 32.67 % 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.