Oppenheimer Asset Management Inc. Cuts Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Oppenheimer Asset Management Inc. lowered its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,270 shares of the company’s stock after selling 522 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in BJ’s Wholesale Club were worth $3,321,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BJ. Creative Planning increased its position in BJ’s Wholesale Club by 10.7% in the second quarter. Creative Planning now owns 9,298 shares of the company’s stock worth $817,000 after buying an additional 898 shares during the last quarter. Raymond James & Associates lifted its holdings in BJ’s Wholesale Club by 99.9% during the second quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock valued at $67,151,000 after purchasing an additional 382,114 shares during the last quarter. Victory Capital Management Inc. boosted its position in BJ’s Wholesale Club by 3.5% during the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after purchasing an additional 217,385 shares during the period. Tidal Investments LLC increased its stake in shares of BJ’s Wholesale Club by 96.8% in the first quarter. Tidal Investments LLC now owns 19,840 shares of the company’s stock worth $1,501,000 after purchasing an additional 9,759 shares in the last quarter. Finally, LVW Advisors LLC bought a new stake in shares of BJ’s Wholesale Club in the second quarter valued at approximately $589,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the transaction, the senior vice president now owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. This trade represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the sale, the chief executive officer now owns 445,792 shares in the company, valued at approximately $35,395,884.80. This trade represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,000 shares of company stock valued at $2,818,390. 2.00% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Stock Performance

NYSE:BJ opened at $87.23 on Friday. 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 fifty-two week low of $63.08 and a fifty-two week high of $92.37. The firm has a market cap of $11.57 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 3.23 and a beta of 0.24. The business has a 50 day moving average price of $84.80 and a 200-day moving average price of $84.84.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BJ shares. Jefferies Financial Group lifted their price target on BJ’s Wholesale Club from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Friday. Wells Fargo & Company lifted their target price on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday. Roth Mkm raised their price objective on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Melius Research started coverage on shares of BJ’s Wholesale Club in a report on Monday, September 23rd. They set a “buy” rating and a $90.00 target price on the stock. Finally, Bank of America cut their price target on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $88.94.

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.