Reston Wealth Management LLC Buys New Shares in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Reston Wealth Management LLC purchased a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 498 shares of the company’s stock, valued at approximately $41,000.

Other large investors have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of BJ’s Wholesale Club by 158.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock worth $368,044,000 after acquiring an additional 2,571,709 shares during the period. Bessemer Group Inc. lifted its stake in BJ’s Wholesale Club by 1.8% during the first quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock worth $235,946,000 after purchasing an additional 56,442 shares during the period. Principal Financial Group Inc. boosted its holdings in BJ’s Wholesale Club by 17.2% during the second quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock valued at $142,721,000 after purchasing an additional 237,902 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of BJ’s Wholesale Club by 13.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,370,144 shares of the company’s stock valued at $120,351,000 after purchasing an additional 163,526 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of BJ’s Wholesale Club by 3.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,126,743 shares of the company’s stock worth $98,973,000 after buying an additional 42,413 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock opened at $85.64 on Friday. The business’s 50-day simple moving average is $83.11 and its 200 day simple moving average is $83.91. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The stock has a market cap of $11.35 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 3.15 and a beta of 0.25. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $63.08 and a 12-month high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The company had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter in the previous year, the company earned $0.97 EPS. BJ’s Wholesale Club’s revenue was up 4.9% on a year-over-year basis. As a group, research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on BJ. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their price target for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Bank of America dropped their target price on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Wells Fargo & Company upgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $75.00 to $92.00 in a research report on Friday, August 23rd. 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 price objective for the company. Finally, Roth Mkm boosted their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.31.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the sale, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at $1,133,710.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the sale, the chief executive officer now directly owns 445,792 shares in the company, valued at approximately $35,395,884.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,000 shares of company stock worth $2,818,390. 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.