Foster Victor Wealth Advisors LLC Increases Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Foster Victor Wealth Advisors LLC lifted its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 4.5% in the 4th quarter, HoldingsChannel reports. The firm owned 107,155 shares of the company’s stock after acquiring an additional 4,605 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in BJ’s Wholesale Club were worth $7,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Global Retirement Partners LLC increased its stake in shares of BJ’s Wholesale Club by 45.3% in the 3rd quarter. Global Retirement Partners LLC now owns 491 shares of the company’s stock worth $34,000 after purchasing an additional 153 shares in the last quarter. First Horizon Advisors Inc. increased its stake in BJ’s Wholesale Club by 23.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 824 shares of the company’s stock worth $59,000 after buying an additional 159 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in BJ’s Wholesale Club by 5.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,225 shares of the company’s stock worth $245,000 after buying an additional 179 shares in the last quarter. CIBC Asset Management Inc increased its stake in BJ’s Wholesale Club by 5.0% in the 1st quarter. CIBC Asset Management Inc now owns 3,783 shares of the company’s stock worth $288,000 after buying an additional 180 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in BJ’s Wholesale Club by 3.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 6,939 shares of the company’s stock worth $505,000 after buying an additional 206 shares in the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wells Fargo & Company reiterated an “equal weight” rating and issued a $70.00 price target (down previously from $73.00) on shares of BJ’s Wholesale Club in a research note on Thursday, January 4th. Gordon Haskett downgraded shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an “underweight” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Hold” and an average price target of $72.53.

Insider Activity at BJ’s Wholesale Club

In related news, Director Christopher J. Baldwin sold 73,062 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the transaction, the director now directly owns 173,294 shares of the company’s stock, valued at $12,815,091.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.20% of the stock is currently owned by corporate insiders.

BJ’s Wholesale Club Trading Down 1.1 %

Shares of NYSE:BJ traded down $0.84 during trading on Friday, reaching $75.65. The company’s stock had a trading volume of 989,083 shares, compared to its average volume of 1,803,196. The stock has a market capitalization of $10.06 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 3.27 and a beta of 0.26. The firm’s 50 day simple moving average is $70.71 and its two-hundred day simple moving average is $68.92. The company has a current ratio of 0.73, a quick ratio of 0.14 and a debt-to-equity ratio of 0.27. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $60.33 and a 12 month high of $78.97.

BJ’s Wholesale Club (NYSE:BJ) last issued 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. The company had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.38 billion. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. BJ’s Wholesale Club’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company posted $1.00 earnings per share. On average, research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current fiscal year.

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 perishable, general merchandise, gasoline, coupon books, promotions, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.