Silver Oak Securities Incorporated Has $797,000 Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Silver Oak Securities Incorporated increased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 11.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,118 shares of the company’s stock after purchasing an additional 755 shares during the period. Silver Oak Securities Incorporated’s holdings in BJ’s Wholesale Club were worth $797,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BJ. Kingswood Wealth Advisors LLC acquired a new stake in shares of BJ’s Wholesale Club during the 1st quarter worth about $232,000. Roman Butler Fullerton & Co. bought a new stake in BJ’s Wholesale Club during the 1st quarter worth approximately $208,000. QRG Capital Management Inc. grew its position in BJ’s Wholesale Club by 8.3% during the 1st quarter. QRG Capital Management Inc. now owns 4,688 shares of the company’s stock worth $535,000 after acquiring an additional 359 shares during the last quarter. Sagespring Wealth Partners LLC raised its position in BJ’s Wholesale Club by 4.7% in the 1st quarter. Sagespring Wealth Partners LLC now owns 4,497 shares of the company’s stock valued at $513,000 after purchasing an additional 202 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new stake in shares of BJ’s Wholesale Club during the first quarter worth $517,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Insider Activity

In other news, Director Steven L. Ortega purchased 1,740 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, May 27th. The shares were bought at an average cost of $114.60 per share, for a total transaction of $199,404.00. Following the completion of the acquisition, the director now owns 8,641 shares in the company, valued at approximately $990,258.60. This trade represents a 25.21% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert W. Eddy sold 280,400 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $114.31, for a total value of $32,052,524.00. Following the completion of the transaction, the chief executive officer now directly owns 422,033 shares of the company’s stock, valued at $48,242,592.23. This represents a 39.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 314,592 shares of company stock valued at $35,977,967 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Stock Down 1.2%

BJ stock opened at $108.24 on Thursday. The company has a market cap of $14.29 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 3.22 and a beta of 0.47. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $76.33 and a twelve month high of $121.10. The business has a 50 day moving average price of $114.14 and a two-hundred day moving average price of $106.15. The company has a quick ratio of 0.14, a current ratio of 0.77 and a debt-to-equity ratio of 0.20.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.23. BJ’s Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.18 billion. During the same period last year, the business earned $0.85 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. Analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on BJ. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $127.00 price target (up from $125.00) on shares of BJ’s Wholesale Club in a report on Friday, May 23rd. Morgan Stanley upped their target price on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, May 23rd. Cowen reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. DA Davidson upped their price target on BJ’s Wholesale Club from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. raised their price target on BJ’s Wholesale Club from $109.00 to $123.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and an average price target of $116.12.

BJ’s Wholesale Club Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.