Mutual of America Capital Management LLC Reduces Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Mutual of America Capital Management LLC lowered its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 4.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,127 shares of the company’s stock after selling 3,347 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of BJ’s Wholesale Club worth $6,687,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BJ. Thematics Asset Management raised its position in BJ’s Wholesale Club by 1.5% in the fourth quarter. Thematics Asset Management now owns 66,532 shares of the company’s stock worth $4,435,000 after acquiring an additional 992 shares during the period. GSA Capital Partners LLP bought a new stake in shares of BJ’s Wholesale Club during the 4th quarter valued at $2,853,000. BNP Paribas Financial Markets increased its stake in shares of BJ’s Wholesale Club by 231.3% in the 1st quarter. BNP Paribas Financial Markets now owns 222,461 shares of the company’s stock worth $16,829,000 after purchasing an additional 155,316 shares in the last quarter. Raymond James & Associates raised its holdings in BJ’s Wholesale Club by 99.9% in the 2nd quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock worth $67,151,000 after purchasing an additional 382,114 shares during the period. Finally, Tidal Investments LLC lifted its position in BJ’s Wholesale Club by 96.8% during the first quarter. Tidal Investments LLC now owns 19,840 shares of the company’s stock valued at $1,501,000 after purchasing an additional 9,759 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Wall Street Analyst Weigh In

BJ has been the topic of several recent research reports. UBS Group raised their price objective on BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Wells Fargo & Company upgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $75.00 to $92.00 in a research note on Friday, August 23rd. Robert W. Baird lifted their price target on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, May 24th. 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. Finally, DA Davidson lifted their target price on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.07.

Insiders Place Their Bets

In related news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the transaction, the chief executive officer now owns 467,792 shares of the company’s stock, valued at approximately $40,651,124.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the transaction, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at $1,133,710.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $86.90, for a total transaction of $955,900.00. Following the completion of the sale, the chief executive officer now directly owns 467,792 shares in the company, valued at approximately $40,651,124.80. The disclosure for this sale can be found here. Insiders sold 79,438 shares of company stock valued at $6,980,938 in the last three months. Corporate insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Price Performance

NYSE:BJ opened at $80.95 on Friday. The business’s 50-day moving average is $84.55 and its 200 day moving average is $81.90. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $63.08 and a 12 month high of $92.37. The company has a market capitalization of $10.74 billion, a P/E ratio of 21.03, a P/E/G ratio of 2.90 and a beta of 0.25. 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) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The business had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.15 billion. During the same period in the prior year, the firm earned $0.97 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.84 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.