Inspire Advisors LLC Takes Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Inspire Advisors LLC bought a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,027 shares of the company's stock, valued at approximately $745,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its holdings in 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 last quarter. CWM LLC raised its stake in shares of BJ's Wholesale Club by 7.4% during the second quarter. CWM LLC now owns 1,863 shares of the company's stock valued at $164,000 after acquiring an additional 128 shares during the last quarter. Riverwater Partners LLC lifted its holdings in shares of BJ's Wholesale Club by 1.1% during the second 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. Vista Investment Partners LLC lifted its holdings in shares of BJ's Wholesale Club by 0.3% during the third quarter. Vista Investment Partners LLC now owns 48,419 shares of the company's stock worth $3,994,000 after purchasing an additional 147 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of BJ's Wholesale Club by 11.0% in the second 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 last quarter. Institutional investors and hedge funds own 98.60% of the company's stock.

BJ's Wholesale Club Stock Up 2.6 %

Shares of NYSE:BJ traded up $2.19 during trading on Friday, reaching $87.81. 1,192,337 shares of the stock were exchanged, compared to its average volume of 1,512,761. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $63.08 and a 1-year high of $92.37. The stock has a fifty day moving average of $83.01 and a two-hundred day moving average of $83.36. 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 cap of $11.65 billion, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 3.27 and a beta of 0.25.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its 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 company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. Research analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.82 earnings per share for the current fiscal year.

Insider Buying and Selling at BJ's Wholesale Club

In other BJ's Wholesale Club 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 transaction of $963,600.00. Following the transaction, the chief executive officer now owns 456,792 shares of the company's stock, valued at $40,014,979.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Robert W. Eddy sold 11,000 shares of the firm's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $87.60, for a total transaction of $963,600.00. Following the completion of the sale, the chief executive officer now directly owns 456,792 shares of the company's stock, valued at $40,014,979.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of BJ's Wholesale Club stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,000 shares of company stock worth $2,841,820. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on BJ shares. 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 report on Thursday, July 11th. Roth Mkm lifted their price objective on 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. Bank of America decreased their target price on shares of BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, August 23rd. Wells Fargo & Company upgraded shares of BJ's Wholesale Club from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. upgraded shares of BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $86.31.

BJ's Wholesale Club Company 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.