Inspire Investing LLC Has $3.12 Million Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Inspire Investing LLC increased its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 33.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,944 shares of the company’s stock after buying an additional 8,736 shares during the period. Inspire Investing LLC’s holdings in BJ’s Wholesale Club were worth $3,122,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hsbc Holdings PLC boosted its position in shares of BJ’s Wholesale Club by 14.6% during the 2nd quarter. Hsbc Holdings PLC now owns 12,022 shares of the company’s stock valued at $1,056,000 after purchasing an additional 1,528 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in BJ’s Wholesale Club in the second quarter valued at approximately $88,000. Ensign Peak Advisors Inc boosted its holdings in shares of BJ’s Wholesale Club by 7.9% during the 2nd quarter. Ensign Peak Advisors Inc now owns 56,046 shares of the company’s stock worth $4,923,000 after buying an additional 4,095 shares in the last quarter. Bank of Montreal Can grew its position in shares of BJ’s Wholesale Club by 2.2% during the 2nd quarter. Bank of Montreal Can now owns 15,407 shares of the company’s stock worth $1,385,000 after buying an additional 325 shares during the period. Finally, Marshall Wace LLP grew its position in shares of BJ’s Wholesale Club by 143.6% during the 2nd quarter. Marshall Wace LLP now owns 848,000 shares of the company’s stock worth $74,488,000 after buying an additional 499,954 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Morgan Stanley increased their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. UBS Group raised their price target on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Wells Fargo & Company raised their price target on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Citigroup raised their price target on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Jefferies Financial Group raised their price target on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $94.00.

BJ’s Wholesale Club Stock Down 2.3 %

BJ opened at $95.25 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The company’s 50-day moving average is $93.79 and its 200 day moving average is $88.19. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $64.06 and a fifty-two week high of $100.74. The firm has a market capitalization of $12.58 billion, a P/E ratio of 22.90, a PEG ratio of 4.59 and a beta of 0.32.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.29. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.12 billion. During the same period last year, the firm earned $0.98 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. Research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.95 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 BJ’s Wholesale Club stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $85.47, for a total value of $940,170.00. Following 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.00% of the company’s stock.

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.