Stifel Financial Corp Sells 4,097 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Stifel Financial Corp reduced its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 2.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 180,014 shares of the company’s stock after selling 4,097 shares during the quarter. Stifel Financial Corp’s holdings in BJ’s Wholesale Club were worth $14,848,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning increased its stake in shares of BJ’s Wholesale Club by 10.7% during the 2nd quarter. Creative Planning now owns 9,298 shares of the company’s stock worth $817,000 after purchasing an additional 898 shares during the last quarter. Raymond James & Associates boosted its stake 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 buying an additional 382,114 shares during the period. Victory Capital Management Inc. boosted its position in shares of BJ’s Wholesale Club by 3.5% during the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock valued at $531,118,000 after acquiring an additional 217,385 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of BJ’s Wholesale Club by 123.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,500 shares of the company’s stock worth $132,000 after buying an additional 828 shares during the last quarter. Finally, New York State Teachers Retirement System increased its stake in BJ’s Wholesale Club by 7.1% in the third quarter. New York State Teachers Retirement System now owns 149,092 shares of the company’s stock valued at $12,297,000 after acquiring an additional 9,925 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Trading Up 2.4 %

NYSE:BJ opened at $97.93 on Wednesday. The company has a 50 day simple moving average of $89.42 and a two-hundred day simple moving average of $86.86. The company has a market cap of $12.94 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 4.50 and a beta of 0.29. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $64.06 and a 12 month high of $99.91.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, November 21st. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.29. The company 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%. BJ’s Wholesale Club’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 earnings per share. Research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the transaction, the chief executive officer now directly owns 423,792 shares of the company’s stock, valued at approximately $36,221,502.24. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on BJ. Wells Fargo & Company lifted their price target on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Jefferies Financial Group increased their price objective on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Morgan Stanley lifted their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Roth Mkm upped their price target on BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. Finally, 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 for the company. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.25.

BJ’s Wholesale Club 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.