BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 42.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,255 shares of the company’s stock after selling 10,680 shares during the quarter. Intech Investment Management LLC’s holdings in BJ’s Wholesale Club were worth $1,176,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ontario Teachers Pension Plan Board grew its position in BJ’s Wholesale Club by 37.3% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 15,662 shares of the company’s stock worth $1,292,000 after purchasing an additional 4,256 shares during the period. Jennison Associates LLC raised its stake in shares of BJ’s Wholesale Club by 280.5% during the 3rd quarter. Jennison Associates LLC now owns 533,336 shares of the company’s stock worth $43,990,000 after buying an additional 393,181 shares during the period. Commerce Bank raised its position in BJ’s Wholesale Club by 5.8% during the third quarter. Commerce Bank now owns 3,809 shares of the company’s stock worth $314,000 after acquiring an additional 209 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in BJ’s Wholesale Club by 13.0% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 5,248 shares of the company’s stock valued at $433,000 after buying an additional 602 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its position in shares of BJ’s Wholesale Club by 2.7% in the third quarter. Pathstone Holdings LLC now owns 21,123 shares of the company’s stock valued at $1,742,000 after acquiring an additional 558 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Down 1.4 %

BJ stock opened at $97.06 on Wednesday. The firm has a market cap of $12.87 billion, a PE ratio of 23.33, a P/E/G ratio of 4.54 and a beta of 0.24. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $63.73 and a 12 month high of $99.91. The firm has a 50 day simple moving average of $86.18 and a 200 day simple moving average of $85.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

Insider Transactions at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the sale, the chief executive officer now owns 445,792 shares in the company, valued at $35,395,884.80. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 33,000 shares of company stock valued at $2,734,820 over the last three months. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BJ shares. TD Cowen boosted their target price on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. UBS Group lifted their target price on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Roth Mkm increased their price objective on BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday. Wells Fargo & Company lifted 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. Finally, Melius Research started coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective for the company. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.25.

BJ’s Wholesale Club Company Profile

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.