First Horizon Advisors Inc. Reduces Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

First Horizon Advisors Inc. reduced its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 55.8% during the third quarter, Holdings Channel reports. The firm owned 618 shares of the company’s stock after selling 779 shares during the quarter. First Horizon Advisors Inc.’s holdings in BJ’s Wholesale Club were worth $51,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. purchased a new position in shares of BJ’s Wholesale Club during the second quarter valued at about $25,000. Davis Capital Management purchased a new stake in shares of BJ’s Wholesale Club in the 3rd quarter worth about $25,000. UMB Bank n.a. increased its stake in shares of 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 acquiring an additional 293 shares in the last quarter. Reston Wealth Management LLC purchased a new position in BJ’s Wholesale Club during the 3rd quarter valued at about $41,000. Finally, J.Safra Asset Management Corp purchased a new stake in BJ’s Wholesale Club in the second quarter worth about $45,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BJ has been the topic of a number of analyst reports. Roth Mkm boosted their price target on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Jefferies Financial Group lifted 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. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their target price for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Bank of America reduced 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 research note on Friday, August 23rd. Finally, UBS Group increased their price objective on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Friday. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.50.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock opened at $96.74 on Monday. The stock’s fifty day moving average is $85.83 and its 200 day moving average is $85.47. BJ’s Wholesale Club Holdings, Inc. has a one year low of $63.73 and a one year high of $97.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.15 and a current ratio of 0.76. The stock has a market cap of $12.83 billion, a P/E ratio of 23.25, a P/E/G ratio of 4.43 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share 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 analysts’ expectations of $5.15 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 EPS. Sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.9 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $85.47, for a total value of $940,170.00. Following the completion of the transaction, the chief executive officer now owns 423,792 shares of the company’s stock, valued at approximately $36,221,502.24. This represents a 2.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 33,000 shares of company stock worth $2,734,820. Company insiders own 2.00% of the company’s stock.

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.