Gitterman Wealth Management LLC Takes $261,000 Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Gitterman Wealth Management LLC purchased a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 3,922 shares of the company’s stock, valued at approximately $261,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC lifted its position in shares of BJ’s Wholesale Club by 45.3% during the 3rd quarter. Global Retirement Partners LLC now owns 491 shares of the company’s stock valued at $34,000 after acquiring an additional 153 shares during the period. Huntington National Bank increased its stake in shares of BJ’s Wholesale Club by 159.9% during the 3rd quarter. Huntington National Bank now owns 668 shares of the company’s stock worth $48,000 after purchasing an additional 411 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of BJ’s Wholesale Club by 23.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 824 shares of the company’s stock worth $59,000 after purchasing an additional 159 shares in the last quarter. Anchor Investment Management LLC purchased a new position in shares of BJ’s Wholesale Club during the 4th quarter worth approximately $78,000. Finally, GAMMA Investing LLC purchased a new position in shares of BJ’s Wholesale Club during the 4th quarter worth approximately $88,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Trading Up 0.4 %

Shares of NYSE BJ traded up $0.27 during trading on Friday, hitting $76.65. 1,101,637 shares of the company traded hands, compared to its average volume of 1,735,324. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $60.33 and a 1 year high of $80.42. The company has a 50-day moving average price of $74.64 and a 200-day moving average price of $69.60. The firm has a market capitalization of $10.19 billion, a P/E ratio of 19.81, a P/E/G ratio of 3.32 and a beta of 0.26. The company has a quick ratio of 0.14, a current ratio of 0.73 and a debt-to-equity ratio of 0.27.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, March 7th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.05. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.38 billion. During the same period in the previous year, the company earned $1.00 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current year.

Insider Activity

In other news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the sale, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at approximately $998,459.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the sale, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at approximately $998,459.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher J. Baldwin sold 73,062 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the sale, the director now directly owns 173,294 shares of the company’s stock, valued at $12,815,091.30. The disclosure for this sale can be found here. Insiders sold 98,840 shares of company stock valued at $7,408,605 in the last ninety days. Company insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BJ. Evercore ISI dropped their price objective on shares of BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their price objective on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an “underweight” rating in a research note on Friday, March 1st. The Goldman Sachs Group raised shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $81.00 to $87.00 in a research note on Monday, April 8th. Wells Fargo & Company reissued an “equal weight” rating and set a $70.00 price objective (down from $73.00) on shares of BJ’s Wholesale Club in a research note on Thursday, January 4th. Finally, Loop Capital reissued a “hold” rating and set a $80.00 price objective (down from $85.00) on shares of BJ’s Wholesale Club in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, BJ’s Wholesale Club has a consensus rating of “Hold” and a consensus price target of $74.40.

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.