Lifestyle Asset Management Inc. Sells 1,497 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Lifestyle Asset Management Inc. reduced its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 11.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,832 shares of the company’s stock after selling 1,497 shares during the quarter. BJ’s Wholesale Club makes up about 0.7% of Lifestyle Asset Management Inc.’s holdings, making the stock its 24th biggest holding. Lifestyle Asset Management Inc.’s holdings in BJ’s Wholesale Club were worth $1,350,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BJ. Envestnet Portfolio Solutions Inc. increased its position in BJ’s Wholesale Club by 0.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company’s stock valued at $1,787,000 after purchasing an additional 105 shares during the period. Covestor Ltd increased its position in BJ’s Wholesale Club by 66.5% during the 4th quarter. Covestor Ltd now owns 288 shares of the company’s stock valued at $26,000 after purchasing an additional 115 shares during the period. Fifth Third Wealth Advisors LLC increased its position in BJ’s Wholesale Club by 2.1% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,915 shares of the company’s stock valued at $675,000 after purchasing an additional 119 shares during the period. Captrust Financial Advisors grew its position in shares of BJ’s Wholesale Club by 1.9% in the 4th quarter. Captrust Financial Advisors now owns 7,044 shares of the company’s stock worth $629,000 after buying an additional 131 shares during the period. Finally, Venturi Wealth Management LLC grew its position in shares of BJ’s Wholesale Club by 4.6% in the 4th quarter. Venturi Wealth Management LLC now owns 2,983 shares of the company’s stock worth $267,000 after buying an additional 132 shares during the period. 98.60% of the stock is currently owned by institutional investors.

Insider Transactions at BJ’s Wholesale Club

In related news, Director Steven L. Ortega acquired 1,740 shares of the business’s stock in a transaction on Tuesday, May 27th. The stock was acquired at an average cost of $114.60 per share, with a total value of $199,404.00. Following the acquisition, the director now directly owns 8,641 shares in the company, valued at $990,258.60. This represents a 25.21% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert W. Eddy sold 280,400 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the sale, the chief executive officer now directly owns 422,033 shares of the company’s stock, valued at approximately $48,242,592.23. This trade represents a 39.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 346,405 shares of company stock worth $39,457,128 in the last quarter. Company insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Price Performance

BJ opened at $111.24 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The stock has a market capitalization of $14.65 billion, a P/E ratio of 26.74, a P/E/G ratio of 4.50 and a beta of 0.59. The company’s 50-day simple moving average is $115.11 and its two-hundred day simple moving average is $105.03. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $76.33 and a 52-week high of $121.10.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.23. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.18 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BJ. Barclays upped their target price on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. Roth Capital reaffirmed a “neutral” rating and issued a $106.00 target price (up from $101.00) on shares of BJ’s Wholesale Club in a research report on Wednesday, May 28th. UBS Group reaffirmed a “buy” rating and issued a $135.00 target price (up from $129.00) on shares of BJ’s Wholesale Club in a research report on Friday, May 23rd. Citigroup raised shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and upped their target price for the stock from $115.00 to $130.00 in a research report on Thursday, April 3rd. Finally, DA Davidson upped their target price on shares of BJ’s Wholesale Club from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.12.

BJ’s Wholesale Club Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.