Lifestyle Asset Management Inc. Buys 108 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Lifestyle Asset Management Inc. grew its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,329 shares of the company’s stock after acquiring an additional 108 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in BJ’s Wholesale Club were worth $1,191,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BJ. Davis Capital Management bought a new position in shares of BJ’s Wholesale Club during the third quarter valued at $25,000. UMB Bank n.a. boosted its position in shares of BJ’s Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after buying an additional 293 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of BJ’s Wholesale Club during the third quarter valued at $41,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of BJ’s Wholesale Club during the third quarter valued at $55,000. Finally, Blue Trust Inc. boosted its position in shares of BJ’s Wholesale Club by 198.6% during the third quarter. Blue Trust Inc. now owns 863 shares of the company’s stock valued at $76,000 after buying an additional 574 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors.

BJ’s Wholesale Club Stock Up 1.8 %

Shares of BJ opened at $96.92 on Friday. The business’s 50 day moving average is $93.98 and its 200 day moving average is $88.25. The company has a market capitalization of $12.80 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 4.59 and a beta of 0.32. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $64.06 and a 12-month high of $100.74. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.29. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $0.98 EPS. Research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current fiscal year.

Insider Activity 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 Friday, November 1st. The stock was 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 $36,221,502.24. The trade was a 2.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on BJ. Citigroup increased their price objective on BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Morgan Stanley increased their price objective on BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. Roth Mkm raised their target price on BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Wells Fargo & Company raised their target price on BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Finally, TD Cowen raised their target price on BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and a consensus price target of $94.00.

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.