Thrivent Financial for Lutherans Sells 1,327,193 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Thrivent Financial for Lutherans decreased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 42.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,799,836 shares of the company’s stock after selling 1,327,193 shares during the period. Thrivent Financial for Lutherans owned about 1.36% of BJ’s Wholesale Club worth $158,098,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. bought a new position in BJ’s Wholesale Club in the second quarter worth approximately $25,000. Rise Advisors LLC bought a new position in BJ’s Wholesale Club in the first quarter worth approximately $26,000. J.Safra Asset Management Corp bought a new position in BJ’s Wholesale Club in the second quarter worth approximately $45,000. Benjamin Edwards Inc. raised its stake in BJ’s Wholesale Club by 394.5% in the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock worth $55,000 after buying an additional 501 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in BJ’s Wholesale Club by 103.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 745 shares of the company’s stock worth $65,000 after buying an additional 379 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the transaction, the chief executive officer now owns 467,792 shares in the company, valued at $40,651,124.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the transaction, the chief executive officer now owns 467,792 shares in the company, valued at $40,651,124.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 completion of the transaction, the senior vice president now owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,438 shares of company stock valued at $6,980,938. 2.00% of the stock is owned by insiders.

BJ’s Wholesale Club Price Performance

NYSE:BJ opened at $80.96 on Friday. BJ’s Wholesale Club Holdings, Inc. has a one year low of $63.08 and a one year high of $92.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. The firm has a market cap of $10.74 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 2.90 and a beta of 0.25. The firm’s fifty day moving average is $84.36 and its two-hundred day moving average is $81.89.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $5.15 billion. During the same period in the prior year, the company earned $0.97 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. Research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.84 EPS for the current year.

Analyst Ratings Changes

BJ has been the topic of a number of recent analyst reports. Wells Fargo & Company raised BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. DA Davidson upped their price target on BJ’s Wholesale Club from $92.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Evercore ISI upped their price target on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a research report on Thursday, June 20th. Roth Mkm upped their price target 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. Finally, Loop Capital upped their price target on 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. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $86.07.

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.