Valley Wealth Managers Inc. Acquires 1,384 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Valley Wealth Managers Inc. grew its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 207,014 shares of the company’s stock after buying an additional 1,384 shares during the quarter. Valley Wealth Managers Inc.’s holdings in BJ’s Wholesale Club were worth $17,075,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BJ. Blue Trust Inc. purchased a new stake in BJ’s Wholesale Club in the 2nd quarter valued at about $25,000. Davis Capital Management purchased a new stake in shares of BJ’s Wholesale Club in the third quarter valued at approximately $25,000. UMB Bank n.a. grew its stake in BJ’s Wholesale Club by 375.6% in the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after purchasing an additional 293 shares in the last quarter. Reston Wealth Management LLC purchased a new position in BJ’s Wholesale Club during the 3rd quarter worth $41,000. Finally, J.Safra Asset Management Corp purchased a new stake in shares of BJ’s Wholesale Club in the 2nd quarter worth $45,000. Institutional investors own 98.60% of the company’s stock.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the sale, the senior vice president now owns 13,566 shares in the company, valued at $1,133,710.62. The trade was a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock valued at $2,818,390 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock traded up $1.45 during mid-day trading on Friday, reaching $88.42. 80,530 shares of the stock traded hands, compared to its average volume of 1,460,398. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $84.59 and a 200 day moving average of $84.76. The stock has a market capitalization of $11.72 billion, a PE ratio of 21.97, a PEG ratio of 3.23 and a beta of 0.24. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $63.08 and a fifty-two week high of $92.37.

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, topping the consensus estimate of $1.00 by $0.09. The company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 EPS. On average, analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BJ. Bank of America cut their price target on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Melius Research began coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They set a “buy” rating and a $90.00 target price for the company. Roth Mkm upped their price objective on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Finally, Wells Fargo & Company boosted their price objective on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $87.87.

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.