Pathstone Holdings LLC Raises Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Pathstone Holdings LLC grew its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 2.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,123 shares of the company’s stock after buying an additional 558 shares during the period. Pathstone Holdings LLC’s holdings in BJ’s Wholesale Club were worth $1,742,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BJ. Quest Partners LLC lifted its holdings in BJ’s Wholesale Club by 269.4% during the 3rd quarter. Quest Partners LLC now owns 10,813 shares of the company’s stock worth $892,000 after purchasing an additional 7,886 shares in the last quarter. Valley Wealth Managers Inc. lifted its holdings in BJ’s Wholesale Club by 0.7% during the 3rd quarter. Valley Wealth Managers Inc. now owns 207,014 shares of the company’s stock worth $17,075,000 after purchasing an additional 1,384 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in BJ’s Wholesale Club by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 3,906 shares of the company’s stock worth $322,000 after purchasing an additional 123 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in BJ’s Wholesale Club by 50.0% during the 3rd quarter. Impax Asset Management Group plc now owns 134,955 shares of the company’s stock worth $11,131,000 after purchasing an additional 45,000 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its holdings in BJ’s Wholesale Club by 140.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 22,710 shares of the company’s stock worth $1,873,000 after purchasing an additional 13,284 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Down 0.3 %

Shares of NYSE:BJ opened at $96.77 on Thursday. The stock’s 50-day moving average price is $86.53 and its 200-day moving average price is $85.75. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $63.73 and a 12-month high of $99.91. The stock has a market capitalization of $12.83 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 4.63 and a beta of 0.24. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BJ shares. UBS Group upped their target price on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Morgan Stanley upped their target price on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. Bank of America decreased their target price on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Wells Fargo & Company upped their target price on 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, TD Cowen increased their target price on BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and a consensus target price of $93.25.

Insider Activity

In related news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $83.75, for a total value of $921,250.00. Following the sale, the chief executive officer now directly owns 434,792 shares of the company’s stock, valued at $36,413,830. This trade represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have sold 33,000 shares of company stock valued at $2,734,820. 2.00% of the stock is currently owned by insiders.

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.