BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Position Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 3.5% in the third quarter, HoldingsChannel reports. The firm owned 6,439,358 shares of the company’s stock after purchasing an additional 217,385 shares during the period. BJ’s Wholesale Club accounts for approximately 0.5% of Victory Capital Management Inc.’s portfolio, making the stock its 20th biggest holding. Victory Capital Management Inc.’s holdings in BJ’s Wholesale Club were worth $531,118,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BJ. Kayne Anderson Rudnick Investment Management LLC increased its stake in BJ’s Wholesale Club by 158.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock worth $368,044,000 after purchasing an additional 2,571,709 shares in the last quarter. Marshall Wace LLP increased its stake in shares of BJ’s Wholesale Club by 143.6% in the second quarter. Marshall Wace LLP now owns 848,000 shares of the company’s stock valued at $74,488,000 after buying an additional 499,954 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in shares of BJ’s Wholesale Club by 201.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company’s stock valued at $51,966,000 after purchasing an additional 395,573 shares during the period. Raymond James & Associates increased its stake in BJ’s Wholesale Club by 99.9% in the second quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock valued at $67,151,000 after purchasing an additional 382,114 shares in the last quarter. Finally, Delta Global Management LP purchased a new position in shares of BJ’s Wholesale Club during the first quarter valued at approximately $27,214,000. 98.60% of the stock is owned by institutional investors.

Insider Transactions at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the sale, the chief executive officer now directly owns 445,792 shares in the company, valued at $35,395,884.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were 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 of the company’s stock, valued at approximately $1,133,710.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the completion of the sale, the chief executive officer now owns 445,792 shares in the company, valued at approximately $35,395,884.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,000 shares of company stock worth $2,818,390. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

BJ has been the topic of a number of analyst reports. Melius Research assumed coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 target price on the stock. Roth Mkm raised their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Wells Fargo & Company lifted their target price on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday. Bank of America dropped their price target on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Finally, JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and an average price target of $87.87.

BJ’s Wholesale Club Price Performance

Shares of BJ stock traded down $0.92 during trading hours on Tuesday, reaching $88.70. 288,485 shares of the company were exchanged, compared to its average volume of 1,464,652. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $63.08 and a fifty-two week high of $92.37. The stock’s fifty day moving average is $84.02 and its two-hundred day moving average is $84.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. The company has a market cap of $11.76 billion, a price-to-earnings ratio of 22.64, a P/E/G ratio of 3.35 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping 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 firm had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.15 billion. During the same period in the previous year, the firm posted $0.97 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Sell-side analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.82 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.