Moody Lynn & Lieberson LLC Purchases 301 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Moody Lynn & Lieberson LLC increased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,303 shares of the company’s stock after acquiring an additional 301 shares during the period. Moody Lynn & Lieberson LLC’s holdings in BJ’s Wholesale Club were worth $520,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in BJ’s Wholesale Club by 158.9% in 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 purchasing an additional 2,571,709 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of BJ’s Wholesale Club by 1.8% in the 1st quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock worth $235,946,000 after buying an additional 56,442 shares during the last quarter. Principal Financial Group Inc. grew its position in BJ’s Wholesale Club by 17.2% during the second quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock valued at $142,721,000 after buying an additional 237,902 shares during the period. Dimensional Fund Advisors LP increased its holdings in BJ’s Wholesale Club by 13.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,370,144 shares of the company’s stock worth $120,351,000 after buying an additional 163,526 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position 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 acquiring an additional 42,413 shares during the period. 98.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BJ. Loop Capital increased their target price on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, July 11th. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Roth Mkm upped their price target on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Bank of America decreased their price objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Finally, Wells Fargo & Company raised shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $75.00 to $92.00 in a report on Friday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.31.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock opened at $85.16 on Friday. The firm’s 50 day simple moving average is $83.15 and its 200 day simple moving average is $83.59. 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 Holdings, Inc. has a 1-year low of $63.08 and a 1-year high of $92.37. The firm has a market capitalization of $11.30 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 3.27 and a beta of 0.25.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. The firm had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. As a group, analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current fiscal year.

Insider Activity

In related news, 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 value of $83,570.00. Following the transaction, the senior vice president now directly owns 13,566 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. In related 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 completion of the transaction, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. The trade was 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 accessible through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated 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 owns 445,792 shares in the company, valued at $35,395,884.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,000 shares of company stock worth $2,841,820. 2.00% of the stock is currently owned by insiders.

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.