Inspire Advisors LLC Invests $745,000 in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Inspire Advisors LLC purchased a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,027 shares of the company’s stock, valued at approximately $745,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BJ. Kayne Anderson Rudnick Investment Management LLC boosted its stake in BJ’s Wholesale Club by 158.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock worth $368,044,000 after buying an additional 2,571,709 shares during the period. Bessemer Group Inc. boosted its stake in shares of 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 during the period. Principal Financial Group Inc. grew its holdings in BJ’s Wholesale Club by 17.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock valued at $142,721,000 after purchasing an additional 237,902 shares during the last quarter. Dimensional Fund Advisors LP raised its position in BJ’s Wholesale Club by 13.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,370,144 shares of the company’s stock worth $120,351,000 after purchasing an additional 163,526 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in BJ’s Wholesale Club by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 1,126,743 shares of the company’s stock worth $98,973,000 after purchasing an additional 42,413 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

BJ has been the topic of several recent analyst reports. Wells Fargo & Company upgraded BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $75.00 to $92.00 in a report on Friday, August 23rd. Loop Capital lifted their target price 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. Melius Research assumed coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They set a “buy” rating and a $90.00 target price for the company. Roth Mkm raised their price target on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Finally, JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.31.

BJ’s Wholesale Club Stock Up 2.6 %

Shares of NYSE BJ opened at $87.81 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $63.08 and a 12-month high of $92.37. The stock’s fifty day simple moving average is $83.01 and its two-hundred day simple moving average is $83.30. The stock has a market capitalization of $11.65 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 3.27 and a beta of 0.25. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data 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. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.15 billion. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 earnings per share. As a group, analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current fiscal year.

Insider Buying and Selling

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 13,566 shares in the company, valued at $1,133,710.62. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $87.60, for a total value of $963,600.00. Following the completion of the sale, the chief executive officer now directly owns 456,792 shares in the company, valued at $40,014,979.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares in the company, valued at $1,133,710.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock worth $2,841,820 in the last 90 days. 2.00% of the stock is owned by corporate 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.