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

Valley Wealth Managers Inc. increased its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,014 shares of the company’s stock after buying an additional 1,384 shares during the quarter. Valley Wealth Managers Inc. owned 0.16% of BJ’s Wholesale Club worth $17,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. purchased a new position in BJ’s Wholesale Club in the 2nd quarter worth approximately $25,000. Davis Capital Management purchased a new position in BJ’s Wholesale Club in the 3rd quarter worth approximately $25,000. UMB Bank n.a. increased its stake in BJ’s Wholesale Club by 375.6% in the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after purchasing an additional 293 shares during the period. Reston Wealth Management LLC purchased a new position in BJ’s Wholesale Club in the 3rd quarter worth approximately $41,000. Finally, J.Safra Asset Management Corp purchased a new position in BJ’s Wholesale Club in the 2nd quarter worth approximately $45,000. Institutional investors own 98.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wells Fargo & Company lifted their price target on BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Roth Mkm boosted their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Bank of America reduced their target price 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. Finally, Melius Research assumed coverage on BJ’s Wholesale Club in a research note on Monday, September 23rd. They set a “buy” rating and a $90.00 target price on the stock. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $87.87.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the completion of the transaction, the chief executive officer now directly owns 445,792 shares in the company, valued at $35,395,884.80. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of the 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 completion of the sale, the senior vice president now owns 13,566 shares of the company’s stock, valued at $1,133,710.62. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock worth $2,818,390 in the last three months. 2.00% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Stock Performance

Shares of NYSE:BJ traded up $1.45 during midday trading on Friday, reaching $88.42. 80,530 shares of the company’s stock traded hands, compared to its average volume of 1,460,398. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 3.23 and a beta of 0.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. BJ’s Wholesale Club Holdings, Inc. has a one year low of $63.08 and a one year high of $92.37. The stock has a 50 day moving average of $84.59 and a 200 day moving average of $84.76.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.15 billion. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 earnings per share. As a group, equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current fiscal year.

BJ’s Wholesale Club Company Profile

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.