Legacy Wealth Asset Management LLC Decreases Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Legacy Wealth Asset Management LLC decreased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 17.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,492 shares of the company’s stock after selling 1,197 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in BJ’s Wholesale Club were worth $491,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BJ. Gateway Investment Advisers LLC increased its stake in BJ’s Wholesale Club by 0.7% in the 4th quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company’s stock valued at $1,353,000 after purchasing an additional 111 shares in the last quarter. Cox Capital Mgt LLC boosted its position in shares of BJ’s Wholesale Club by 2.9% in the 4th quarter. Cox Capital Mgt LLC now owns 16,117 shares of the company’s stock worth $1,440,000 after buying an additional 461 shares in the last quarter. Park Avenue Securities LLC grew its stake in BJ’s Wholesale Club by 30.3% in the 4th quarter. Park Avenue Securities LLC now owns 10,647 shares of the company’s stock valued at $951,000 after acquiring an additional 2,477 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in BJ’s Wholesale Club by 10.4% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,796 shares of the company’s stock valued at $518,000 after acquiring an additional 548 shares in the last quarter. Finally, Cooper Financial Group raised its position in BJ’s Wholesale Club by 12.2% during the fourth quarter. Cooper Financial Group now owns 5,876 shares of the company’s stock worth $525,000 after acquiring an additional 637 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on BJ. Wells Fargo & Company increased their price target on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Jefferies Financial Group raised their price target on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Melius Research assumed coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price objective on the stock. Morgan Stanley lifted their price objective on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Finally, Citigroup upped their target price on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $94.00.

Insider Activity

In other news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the completion of the sale, the chief executive officer now owns 423,792 shares in the company, valued at approximately $36,221,502.24. This trade represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock opened at $95.01 on Friday. The business’s fifty day moving average price is $93.38 and its 200 day moving average price is $87.98. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $64.06 and a twelve month high of $100.74. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $12.55 billion, a P/E ratio of 22.84, a PEG ratio of 4.54 and a beta of 0.32.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.29. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.12 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. As a group, research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

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.