Diversify Wealth Management LLC Buys 3,207 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Diversify Wealth Management LLC boosted its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 48.9% in the fourth quarter, HoldingsChannel reports. The firm owned 9,761 shares of the company’s stock after purchasing an additional 3,207 shares during the quarter. Diversify Wealth Management LLC’s holdings in BJ’s Wholesale Club were worth $943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of BJ’s Wholesale Club by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,370,144 shares of the company’s stock worth $120,351,000 after purchasing an additional 163,526 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of BJ’s Wholesale Club by 15.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,772 shares of the company’s stock valued at $1,298,000 after buying an additional 2,001 shares during the period. Hsbc Holdings PLC raised its position in shares of BJ’s Wholesale Club by 14.6% in the 2nd quarter. Hsbc Holdings PLC now owns 12,022 shares of the company’s stock worth $1,056,000 after acquiring an additional 1,528 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of BJ’s Wholesale Club during the 2nd quarter valued at $2,190,000. Finally, Benjamin Edwards Inc. boosted its stake in BJ’s Wholesale Club by 394.5% during the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock worth $55,000 after acquiring an additional 501 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $95.01 on Tuesday. The firm has a market cap of $12.55 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 4.54 and a beta of 0.32. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $93.48 and its 200-day moving average is $88.07. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $64.06 and a 12-month high of $100.74.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate 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%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. Sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

Insider Activity

In other news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the completion of the transaction, the chief executive officer now directly owns 423,792 shares in the company, valued at $36,221,502.24. The trade was a 2.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BJ shares. Citigroup raised their price objective on BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. UBS Group boosted their price objective on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Jefferies Financial Group raised their target price on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Morgan Stanley upped their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Friday, November 22nd. Finally, Wells Fargo & Company raised their price objective on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and an average target price of $94.00.

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.