BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Stock Holdings Lifted by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. increased its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 2.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,221 shares of the company’s stock after acquiring an additional 339 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in BJ’s Wholesale Club were worth $1,090,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BJ. Kayne Anderson Rudnick Investment Management LLC raised its position 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 valued at $368,044,000 after acquiring an additional 2,571,709 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of BJ’s Wholesale Club by 143.6% in the 2nd quarter. Marshall Wace LLP now owns 848,000 shares of the company’s stock valued at $74,488,000 after purchasing an additional 499,954 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in BJ’s Wholesale Club by 201.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company’s stock worth $51,966,000 after purchasing an additional 395,573 shares in the last quarter. Raymond James & Associates raised its holdings in BJ’s Wholesale Club by 99.9% during the second quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock valued at $67,151,000 after buying an additional 382,114 shares in the last quarter. Finally, Delta Global Management LP acquired a new stake in shares of BJ’s Wholesale Club in the first quarter worth about $27,214,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock opened at $89.35 on Friday. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 22.56, a P/E/G ratio of 3.22 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 company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The business’s 50-day simple moving average is $83.62 and its 200 day simple moving average is $84.30.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.15 billion. During the same period last year, the firm earned $0.97 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current year.

Insider Transactions at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the transaction, the chief executive officer now directly owns 423,792 shares of the company’s stock, valued at $36,221,502.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction that occurred on 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 $1,133,710.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the transaction, the chief executive officer now owns 423,792 shares of the company’s stock, valued at $36,221,502.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,000 shares of company stock worth $2,818,390. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

BJ has been the topic of several research reports. Wells Fargo & Company upgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $75.00 to $92.00 in a report on Friday, August 23rd. 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 report on Friday, August 23rd. 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. Loop Capital upped their price objective on BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, July 11th. Finally, Melius Research initiated coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 target price for the company. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and a consensus target price of $87.33.

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.