Lifestyle Asset Management Inc. Purchases 339 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Lifestyle Asset Management Inc. increased its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 2.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,221 shares of the company’s stock after purchasing an additional 339 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in BJ’s Wholesale Club were worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its position in BJ’s Wholesale Club by 9.3% in the second quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock valued at $128,000 after buying an additional 124 shares in the last quarter. CWM LLC grew its holdings in shares of BJ’s Wholesale Club by 7.4% during the second quarter. CWM LLC now owns 1,863 shares of the company’s stock worth $164,000 after purchasing an additional 128 shares during the last quarter. OLD National Bancorp IN increased its stake in shares of BJ’s Wholesale Club by 2.5% in the third quarter. OLD National Bancorp IN now owns 5,438 shares of the company’s stock valued at $449,000 after buying an additional 133 shares during the period. Riverwater Partners LLC boosted its position in BJ’s Wholesale Club by 1.1% during the 2nd quarter. Riverwater Partners LLC now owns 12,951 shares of the company’s stock worth $1,138,000 after buying an additional 135 shares during the period. Finally, Vista Investment Partners LLC grew its holdings in BJ’s Wholesale Club by 0.3% during the 3rd quarter. Vista Investment Partners LLC now owns 48,419 shares of the company’s stock worth $3,994,000 after acquiring an additional 147 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company raised shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $75.00 to $92.00 in a research note on Friday, August 23rd. Bank of America lowered their target price on 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. 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. Roth Mkm increased their price target on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Finally, Loop Capital lifted their price objective on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, July 11th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.33.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $89.35 on Friday. 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 company has a market capitalization of $11.85 billion, a PE ratio of 22.56, a PEG ratio of 3.22 and a beta of 0.24. The stock’s 50 day moving average price is $83.62 and its 200-day moving average price is $84.30. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $63.08 and a twelve month high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.97 EPS. On average, equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current year.

Insider Buying and Selling

In other news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the sale, the senior vice president now directly owns 13,566 shares in the company, valued at $1,133,710.62. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club 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 of the company’s stock, valued at $35,395,884.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,000 shares of company stock valued at $2,818,390. Company insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club 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.