Tyche Wealth Partners LLC Has $367,000 Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Tyche Wealth Partners LLC raised its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 30.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 4,452 shares of the company’s stock after acquiring an additional 1,036 shares during the period. Tyche Wealth Partners LLC’s holdings in BJ’s Wholesale Club were worth $367,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning boosted its position in shares of BJ’s Wholesale Club by 10.7% during the second quarter. Creative Planning now owns 9,298 shares of the company’s stock valued at $817,000 after buying an additional 898 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of BJ’s Wholesale Club by 231.3% in the first quarter. BNP Paribas Financial Markets now owns 222,461 shares of the company’s stock valued at $16,829,000 after purchasing an additional 155,316 shares in the last quarter. Raymond James & Associates grew its position in shares of BJ’s Wholesale Club by 99.9% in the second quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock valued at $67,151,000 after purchasing an additional 382,114 shares in the last quarter. Tidal Investments LLC grew its position in shares of BJ’s Wholesale Club by 96.8% in the first quarter. Tidal Investments LLC now owns 19,840 shares of the company’s stock valued at $1,501,000 after purchasing an additional 9,759 shares in the last quarter. Finally, LVW Advisors LLC purchased a new position in BJ’s Wholesale Club during the second quarter worth about $589,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock traded up $0.27 during trading hours on Tuesday, reaching $85.60. The stock had a trading volume of 117,517 shares, compared to its average volume of 1,488,798. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $63.08 and a twelve month high of $92.37. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average is $83.07 and its 200 day moving average is $83.77. The firm has a market capitalization of $11.36 billion, a PE ratio of 22.16, a PEG ratio of 3.27 and a beta of 0.25.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter last year, the company posted $0.97 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on BJ shares. 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 research report on Friday, August 23rd. Loop Capital boosted their target price on BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, July 11th. Wells Fargo & Company raised BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $75.00 to $92.00 in a research note on Friday, August 23rd. Melius Research initiated coverage on BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price for the company. Finally, JPMorgan Chase & Co. raised 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. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $86.31.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the transaction, the chief executive officer now owns 445,792 shares of the company’s stock, valued at $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 this hyperlink. In other news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction dated Monday, August 26th. The shares were 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 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. Over the last three months, insiders have sold 34,000 shares of company stock worth $2,841,820. 2.00% of the stock is owned by company insiders.

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.