BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 42.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,799,836 shares of the company’s stock after selling 1,327,193 shares during the period. Thrivent Financial for Lutherans’ holdings in BJ’s Wholesale Club were worth $158,098,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of BJ. Fifth Third Bancorp grew its stake in shares of BJ’s Wholesale Club by 9.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock valued at $128,000 after buying an additional 124 shares during the period. CWM LLC boosted its position in shares of BJ’s Wholesale Club by 7.4% during the 2nd quarter. CWM LLC now owns 1,863 shares of the company’s stock worth $164,000 after purchasing an additional 128 shares during the period. Riverwater Partners LLC boosted its position in shares of BJ’s Wholesale Club by 1.1% during the 2nd quarter. Riverwater Partners LLC now owns 12,951 shares of the company’s stock worth $1,138,000 after purchasing an additional 135 shares during the period. GAMMA Investing LLC boosted its position in shares of BJ’s Wholesale Club by 11.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,638 shares of the company’s stock worth $144,000 after purchasing an additional 162 shares during the period. Finally, LRI Investments LLC boosted its position in shares of BJ’s Wholesale Club by 9.2% during the 2nd quarter. LRI Investments LLC now owns 1,953 shares of the company’s stock worth $172,000 after purchasing an additional 165 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays increased their price objective on shares of BJ’s Wholesale Club from $72.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, May 24th. Robert W. Baird raised their price target on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. Roth Mkm raised their price target on shares of 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. DA Davidson raised their price target on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Finally, Evercore ISI raised their price target on shares of BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a research report on Thursday, June 20th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $86.07.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ opened at $80.96 on Friday. The company’s fifty day moving average price is $84.36 and its 200 day moving average price is $81.89. 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 debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. The firm has a market capitalization of $10.74 billion, a P/E ratio of 20.92, a P/E/G ratio of 2.90 and a beta of 0.25.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $5.15 billion. During the same period last year, the business earned $0.97 EPS. BJ’s Wholesale Club’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 467,792 shares of the company’s stock, valued at approximately $40,651,124.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 467,792 shares of the company’s stock, valued at approximately $40,651,124.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Graham Luce sold 16,596 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the transaction, the executive vice president now directly owns 14,131 shares in the company, valued at $1,288,040.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,438 shares of company stock valued at $6,980,938. Insiders own 2.00% of the company’s stock.

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.