Valmark Advisers Inc. Sells 154 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Valmark Advisers Inc. cut its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,953 shares of the company’s stock after selling 154 shares during the quarter. Valmark Advisers Inc.’s holdings in BJ’s Wholesale Club were worth $2,800,000 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. Creative Planning boosted its holdings in BJ’s Wholesale Club by 10.7% in the 2nd quarter. Creative Planning now owns 9,298 shares of the company’s stock worth $817,000 after buying an additional 898 shares during the period. BNP Paribas Financial Markets grew its position in shares of BJ’s Wholesale Club by 231.3% in the first quarter. BNP Paribas Financial Markets now owns 222,461 shares of the company’s stock valued at $16,829,000 after purchasing an additional 155,316 shares in the last quarter. Raymond James & Associates raised its stake in shares of BJ’s Wholesale Club by 99.9% during the 2nd 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 period. Tidal Investments LLC raised its stake in shares of BJ’s Wholesale Club by 96.8% during the 1st quarter. Tidal Investments LLC now owns 19,840 shares of the company’s stock valued at $1,501,000 after purchasing an additional 9,759 shares during the period. Finally, LVW Advisors LLC purchased a new stake in BJ’s Wholesale Club during the 2nd quarter worth about $589,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their price target for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Loop Capital upped their target price on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, July 11th. Wells Fargo & Company raised shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $75.00 to $92.00 in a report on Friday, August 23rd. Melius Research assumed coverage on shares of BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target on the stock. Finally, Bank of America lowered their price objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.31.

BJ’s Wholesale Club Stock Performance

NYSE:BJ opened at $84.83 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $63.08 and a 1-year high of $92.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. The business has a 50 day moving average of $83.04 and a 200 day moving average of $83.83. The company has a market capitalization of $11.26 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 3.27 and a beta of 0.25.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data 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 company had revenue of $5.21 billion during 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 revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. On average, sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $87.60, for a total value of $963,600.00. Following the completion of the sale, the chief executive officer now owns 456,792 shares of the company’s stock, valued at approximately $40,014,979.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares in the company, valued at approximately $1,133,710.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $87.60, for a total transaction of $963,600.00. Following the sale, the chief executive officer now owns 456,792 shares of the company’s stock, valued at approximately $40,014,979.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,000 shares of company stock valued at $2,841,820. 2.00% of the stock is currently owned by insiders.

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.