Cerity Partners LLC Boosts Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Cerity Partners LLC raised its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 21.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,019 shares of the company’s stock after acquiring an additional 9,224 shares during the period. Cerity Partners LLC’s holdings in BJ’s Wholesale Club were worth $4,290,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Blue Trust Inc. bought a new stake in shares of BJ’s Wholesale Club during the 2nd quarter worth $25,000. Davis Capital Management bought a new stake in BJ’s Wholesale Club during the third quarter worth about $25,000. UMB Bank n.a. boosted its holdings in shares of BJ’s Wholesale Club by 375.6% in the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after purchasing an additional 293 shares in the last quarter. Reston Wealth Management LLC bought a new position in shares of BJ’s Wholesale Club during the 3rd quarter valued at about $41,000. Finally, J.Safra Asset Management Corp purchased a new position in shares of BJ’s Wholesale Club during the 2nd quarter valued at about $45,000. Institutional investors own 98.60% of the company’s stock.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $83.75, for a total transaction 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 filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 33,000 shares of company stock worth $2,734,820. 2.00% of the stock is owned by corporate insiders.

BJ’s Wholesale Club Stock Down 0.3 %

BJ stock opened at $96.77 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average of $86.86 and a 200 day moving average of $85.82. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $63.73 and a twelve month high of $99.91. The firm has a market cap of $12.83 billion, a PE ratio of 23.26, a price-to-earnings-growth ratio of 4.63 and a beta of 0.24.

Analyst Ratings Changes

Several analysts have issued reports on the company. 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. Wells Fargo & Company lifted their target price on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Jefferies Financial Group upped their price target on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Melius Research assumed coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price objective on the stock. Finally, Roth Mkm increased their target price on BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a report on Monday. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.