Thrivent Financial for Lutherans Trims Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Thrivent Financial for Lutherans lowered its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 9.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,621,231 shares of the company’s stock after selling 178,605 shares during the period. Thrivent Financial for Lutherans owned 1.22% of BJ’s Wholesale Club worth $133,719,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of 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 buying an additional 2,571,709 shares in the last quarter. Marshall Wace LLP lifted its stake in BJ’s Wholesale Club by 143.6% in the 2nd quarter. Marshall Wace LLP now owns 848,000 shares of the company’s stock worth $74,488,000 after purchasing an additional 499,954 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in BJ’s Wholesale Club by 201.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company’s stock valued at $51,966,000 after purchasing an additional 395,573 shares during the period. Raymond James & Associates grew its position in shares of BJ’s Wholesale Club by 99.9% during the 2nd quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock valued at $67,151,000 after purchasing an additional 382,114 shares in the last quarter. Finally, Delta Global Management LP purchased a new stake in shares of BJ’s Wholesale Club in the first quarter worth $27,214,000. 98.60% of the stock is owned by institutional investors.

BJ’s Wholesale Club Stock Up 0.3 %

BJ opened at $87.27 on Friday. The company has a market cap of $11.57 billion, a P/E ratio of 22.04, a P/E/G ratio of 3.19 and a beta of 0.24. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $63.08 and a 12 month high of $92.37. The business’s 50-day moving average price is $84.80 and its 200-day moving average price is $84.91. 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 released 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. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same quarter in the prior year, the firm posted $0.97 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.83 EPS for the current year.

Analyst Ratings Changes

BJ has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Jefferies Financial Group boosted their price objective on BJ’s Wholesale Club from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company raised their target price on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Bank of America cut their price target on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Finally, Melius Research assumed coverage on shares of BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective on the stock. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $88.94.

Insider Activity

In other BJ’s Wholesale Club 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. This represents a 6.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the sale, the chief executive officer now directly owns 445,792 shares in the company, valued at $35,395,884.80. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,000 shares of company stock valued at $2,818,390. 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.