Inspire Investing LLC Buys 1,152 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Inspire Investing LLC grew its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 5.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,192 shares of the company’s stock after purchasing an additional 1,152 shares during the period. Inspire Investing LLC’s holdings in BJ’s Wholesale Club were worth $2,125,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of BJ. Private Advisor Group LLC boosted its stake in shares of BJ’s Wholesale Club by 30.7% during the 4th quarter. Private Advisor Group LLC now owns 5,420 shares of the company’s stock valued at $361,000 after purchasing an additional 1,272 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in BJ’s Wholesale Club by 3.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,194,806 shares of the company’s stock worth $79,649,000 after acquiring an additional 44,472 shares in the last quarter. Norges Bank bought a new stake in BJ’s Wholesale Club during the fourth quarter worth about $81,646,000. Dynamic Technology Lab Private Ltd bought a new stake in BJ’s Wholesale Club during the fourth quarter worth about $892,000. Finally, Coldstream Capital Management Inc. boosted its stake in BJ’s Wholesale Club by 26.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 8,324 shares of the company’s stock worth $555,000 after acquiring an additional 1,751 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on BJ. Bank of America dropped 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 research note on Friday, August 23rd. Evercore ISI boosted their price objective on shares of BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an “in-line” rating in a research note on Thursday, June 20th. Loop Capital lifted their target price 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. UBS Group lifted their target price on shares of BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Finally, TD Cowen lifted their target price on shares of BJ’s Wholesale Club from $93.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and an average target price of $86.07.

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 that occurred on Monday, July 1st. The shares were sold at an average price of $86.90, for a total transaction of $955,900.00. Following the completion of the sale, the chief executive officer now directly owns 467,792 shares of the company’s stock, valued at $40,651,124.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $86.90, for a total transaction of $955,900.00. Following the completion of the sale, the chief executive officer now directly owns 467,792 shares of the company’s stock, valued at $40,651,124.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Graham Luce sold 16,596 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 14,131 shares of the company’s stock, valued at $1,288,040.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,438 shares of company stock valued at $6,980,938. Insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Stock Up 0.4 %

BJ opened at $80.19 on Thursday. 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 firm has a 50 day moving average price of $84.74 and a 200-day moving average price of $81.91. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $63.08 and a twelve month high of $92.37. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 2.90 and a beta of 0.25.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share 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 firm had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. Equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.84 earnings per share for the current year.

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.