LVZ Inc. Has $489,000 Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

LVZ Inc. lessened its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 12.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 5,566 shares of the company’s stock after selling 818 shares during the period. LVZ Inc.’s holdings in BJ’s Wholesale Club were worth $489,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BJ. Victory Capital Management Inc. grew its holdings in shares of BJ’s Wholesale Club by 13.0% in the 4th quarter. Victory Capital Management Inc. now owns 5,136,282 shares of the company’s stock valued at $342,385,000 after buying an additional 590,113 shares during the period. Putnam Investments LLC grew its position in shares of BJ’s Wholesale Club by 4.3% in the 4th quarter. Putnam Investments LLC now owns 3,647,981 shares of the company’s stock valued at $243,174,000 after purchasing an additional 150,414 shares during the period. Bessemer Group Inc. increased its stake in BJ’s Wholesale Club by 1.8% during the 1st 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 in the last quarter. Fiduciary Management Inc. WI raised its holdings in BJ’s Wholesale Club by 17.6% during the 4th quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock worth $167,625,000 after buying an additional 377,019 shares during the period. Finally, TimesSquare Capital Management LLC lifted its stake in BJ’s Wholesale Club by 10.2% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,650,167 shares of the company’s stock valued at $110,000,000 after buying an additional 152,870 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

Insider Activity at BJ’s Wholesale Club

In other news, EVP Jeff Desroches sold 14,106 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $86.00, for a total transaction of $1,213,116.00. Following the transaction, the executive vice president now owns 87,294 shares in the company, valued at $7,507,284. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Jeff Desroches sold 14,106 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $86.00, for a total value of $1,213,116.00. Following the completion of the sale, the executive vice president now owns 87,294 shares of the company’s stock, valued at $7,507,284. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Graham Luce sold 16,596 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the completion of the transaction, the executive vice president now owns 14,131 shares in the company, valued at $1,288,040.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,544 shares of company stock worth $7,237,084. Insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock traded up $1.08 during midday trading on Friday, reaching $82.74. 1,185,502 shares of the company’s stock were exchanged, compared to its average volume of 1,510,718. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.14 and a current ratio of 0.74. The stock’s 50-day simple moving average is $87.60 and its 200 day simple moving average is $80.37. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 3.12 and a beta of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.08 and a 52 week high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The business had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter in the prior year, the business earned $0.97 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Loop Capital raised their price objective on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. boosted their price target on BJ’s Wholesale Club from $74.00 to $76.00 and gave the company an “underweight” rating in a report on Friday, August 16th. Barclays increased their price objective on BJ’s Wholesale Club from $72.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, May 24th. UBS Group boosted their target price on BJ’s Wholesale Club from $89.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Finally, Bank of America lowered their price objective on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $84.88.

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.