Thrivent Financial for Lutherans Decreases Stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Thrivent Financial for Lutherans trimmed its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 9.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,621,231 shares of the company's stock after selling 178,605 shares during the quarter. Thrivent Financial for Lutherans owned approximately 1.22% of BJ's Wholesale Club worth $133,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. bought a new position in BJ's Wholesale Club during the 2nd quarter worth approximately $25,000. Davis Capital Management purchased a new stake in BJ's Wholesale Club in the 3rd quarter worth approximately $25,000. UMB Bank n.a. lifted its holdings in BJ's Wholesale Club by 375.6% in the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company's stock worth $31,000 after buying an additional 293 shares during the period. Reston Wealth Management LLC purchased a new stake in BJ's Wholesale Club in the 3rd quarter worth approximately $41,000. Finally, J.Safra Asset Management Corp purchased a new stake in BJ's Wholesale Club in the 2nd quarter worth approximately $45,000. 98.60% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the completion of the sale, the chief executive officer now owns 423,792 shares of the company's stock, valued at approximately $36,221,502.24. The trade was a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the sale, the senior vice president now directly owns 13,566 shares of the company's stock, valued at $1,133,710.62. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,000 shares of company stock valued at $2,818,390. Corporate insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Roth Mkm increased their price objective on BJ's Wholesale Club from $68.00 to $75.00 and gave the stock a "neutral" rating in a report on Friday, August 23rd. Jefferies Financial Group increased 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. Melius Research assumed coverage on BJ's Wholesale Club in a report on Monday, September 23rd. They issued a "buy" rating and a $90.00 price objective for the company. Bank of America dropped 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, JPMorgan Chase & Co. upgraded BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and raised their target price for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, BJ's Wholesale Club has an average rating of "Moderate Buy" and a consensus price target of $88.94.

BJ's Wholesale Club Stock Up 0.3 %

NYSE:BJ traded up $0.30 during trading hours on Friday, reaching $87.27. 1,112,990 shares of the company traded hands, compared to its average volume of 987,174. The business's 50-day moving average price is $84.80 and its two-hundred day moving average price is $84.98. The stock has a market capitalization 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 1 year low of $63.08 and a 1 year high of $92.37. 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 - Get Free Report) last posted its earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.09. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. BJ's Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The company's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. Analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.83 earnings per share for the current year.

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.