BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Position Trimmed by Stifel Financial Corp

Stifel Financial Corp trimmed its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 180,014 shares of the company’s stock after selling 4,097 shares during the quarter. Stifel Financial Corp owned about 0.14% of BJ’s Wholesale Club worth $14,848,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Cetera Investment Advisers increased its position in BJ’s Wholesale Club by 183.3% in the 1st quarter. Cetera Investment Advisers now owns 24,442 shares of the company’s stock valued at $1,849,000 after acquiring an additional 15,813 shares during the period. Cetera Advisors LLC purchased a new stake in shares of BJ’s Wholesale Club during the first quarter valued at $378,000. CWM LLC lifted its stake in BJ’s Wholesale Club by 7.4% during the second quarter. CWM LLC now owns 1,863 shares of the company’s stock valued at $164,000 after buying an additional 128 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of BJ’s Wholesale Club in the 2nd quarter valued at approximately $397,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of BJ’s Wholesale Club in the second quarter worth $233,000. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Up 2.4 %

Shares of BJ opened at $97.93 on Wednesday. The firm has a 50 day simple moving average of $89.42 and a two-hundred day simple moving average of $86.86. The company has a market cap of $12.94 billion, a P/E ratio of 23.54, a P/E/G ratio of 4.50 and a beta of 0.29. BJ’s Wholesale Club Holdings, Inc. has a one year low of $64.06 and a one year high of $99.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

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

Insider Activity

In other news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was 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 directly owns 423,792 shares in the company, valued at $36,221,502.24. This trade represents 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 available through the SEC website. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on BJ shares. TD Cowen raised their price target on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Roth Mkm upped their price target on BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. Jefferies Financial Group raised their target price on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Bank of America lowered their target price on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Finally, Melius Research began coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BJ’s Wholesale Club has an average rating of “Moderate Buy” and a consensus target price of $93.25.

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.