BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,724 shares of the company’s stock after selling 4,403 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of BJ’s Wholesale Club worth $5,916,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its stake in shares of BJ’s Wholesale Club by 3.3% during the third quarter. CIBC Asset Management Inc now owns 3,906 shares of the company’s stock worth $322,000 after buying an additional 123 shares during the period. Fifth Third Bancorp raised its stake in BJ’s Wholesale Club by 9.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock valued at $128,000 after acquiring an additional 124 shares during the last quarter. CWM LLC lifted its position in 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 acquiring an additional 128 shares during the period. OLD National Bancorp IN grew its stake in shares of BJ’s Wholesale Club by 2.5% in the 3rd quarter. OLD National Bancorp IN now owns 5,438 shares of the company’s stock valued at $449,000 after purchasing an additional 133 shares during the last quarter. Finally, Riverwater Partners LLC increased its holdings in shares of BJ’s Wholesale Club by 1.1% in the second quarter. Riverwater Partners LLC now owns 12,951 shares of the company’s stock valued at $1,138,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on BJ. Bank of America lowered their price objective on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Wells Fargo & Company boosted 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 research note on Tuesday, November 12th. Roth Mkm raised their price objective 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. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $76.00 to $78.00 in a report on Monday, August 26th. Finally, Melius Research initiated coverage on BJ’s Wholesale Club in a research note 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 ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $88.94.

Insider Transactions at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the business’s 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 completion of the transaction, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. The trade was a 6.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction 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 directly owns 423,792 shares in the company, valued at approximately $36,221,502.24. This represents a 2.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock valued at $2,818,390 over the last three months. 2.00% of the stock is currently owned by insiders.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $86.30 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $85.15 and its 200 day moving average price is $85.15. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.08 and a 52 week high of $92.37. The stock has a market cap of $11.44 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 4.24 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating 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 business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. During the same period in the prior year, the business earned $0.97 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.83 earnings per share for the current fiscal 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.