Diversify Advisory Services LLC Cuts Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Diversify Advisory Services LLC reduced its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 43.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,885 shares of the company’s stock after selling 2,995 shares during the period. Diversify Advisory Services LLC’s holdings in BJ’s Wholesale Club were worth $342,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CWM LLC increased its position in BJ’s Wholesale Club by 7.4% during the 2nd quarter. CWM LLC now owns 1,863 shares of the company’s stock worth $164,000 after purchasing an additional 128 shares in the last quarter. GAMMA Investing LLC increased its position in BJ’s Wholesale Club by 11.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,638 shares of the company’s stock worth $144,000 after purchasing an additional 162 shares in the last quarter. Daiwa Securities Group Inc. increased its position in BJ’s Wholesale Club by 1.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 10,570 shares of the company’s stock worth $800,000 after purchasing an additional 200 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in BJ’s Wholesale Club by 1.8% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 12,670 shares of the company’s stock worth $1,113,000 after purchasing an additional 225 shares in the last quarter. Finally, Vista Investment Partners LLC grew its position in BJ’s Wholesale Club by 0.5% in the first quarter. Vista Investment Partners LLC now owns 47,832 shares of the company’s stock valued at $3,618,000 after acquiring an additional 260 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BJ. DA Davidson increased their price objective on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Loop Capital raised their price target on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, July 11th. Barclays raised their price target on shares of BJ’s Wholesale Club from $72.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, May 24th. Gordon Haskett upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Thursday, May 23rd. Finally, JPMorgan Chase & Co. raised their price objective on BJ’s Wholesale Club from $70.00 to $74.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $82.35.

BJ’s Wholesale Club Price Performance

NYSE:BJ traded down $0.66 during mid-day trading on Friday, reaching $83.56. 1,294,163 shares of the stock were exchanged, compared to its average volume of 1,477,676. The business has a fifty day moving average price of $88.07 and a 200 day moving average price of $79.20. The firm has a market capitalization of $11.09 billion, a PE ratio of 21.70, a PEG ratio of 3.12 and a beta of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $63.08 and a 1-year high of $92.37. The company has a current ratio of 0.74, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, May 23rd. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.86 billion. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. BJ’s Wholesale Club’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 earnings per share. Research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Graham Luce sold 16,596 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total value of $1,512,725.40. Following the transaction, the executive vice president now owns 14,131 shares of the company’s stock, valued at approximately $1,288,040.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $87.60, for a total transaction of $963,600.00. Following the completion of the sale, the chief executive officer now directly owns 456,792 shares in the company, valued at approximately $40,014,979.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Graham Luce sold 16,596 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $91.15, for a total value of $1,512,725.40. Following the sale, the executive vice president now owns 14,131 shares of the company’s stock, valued at $1,288,040.65. The disclosure for this sale can be found here. Insiders have sold a total of 81,544 shares of company stock valued at $7,237,084 over the last three months. Company insiders own 2.00% of the company’s stock.

About BJ’s Wholesale Club

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.