PDT Partners LLC Sells 29,789 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

PDT Partners LLC lessened its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 38.9% in the third quarter, HoldingsChannel reports. The fund owned 46,808 shares of the company’s stock after selling 29,789 shares during the period. PDT Partners LLC’s holdings in BJ’s Wholesale Club were worth $3,861,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its holdings in BJ’s Wholesale Club by 7.2% during the 3rd quarter. FMR LLC now owns 14,357,118 shares of the company’s stock worth $1,184,175,000 after purchasing an additional 966,528 shares during the last quarter. Victory Capital Management Inc. increased its position in BJ’s Wholesale Club by 3.5% during the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after buying an additional 217,385 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of BJ’s Wholesale Club by 158.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock worth $368,044,000 after buying an additional 2,571,709 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of BJ’s Wholesale Club by 60.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock valued at $196,929,000 after acquiring an additional 896,263 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of BJ’s Wholesale Club by 17.2% in the second quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock valued at $142,721,000 after acquiring an additional 237,902 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Insider Activity at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s 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 owns 434,792 shares in the company, valued at $36,413,830. The trade was a 2.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 33,000 shares of company stock valued at $2,734,820 in the last quarter. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

BJ has been the subject of several analyst reports. Melius Research began coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 price objective for the company. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Morgan Stanley increased their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Roth Mkm raised their price objective on BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. Finally, TD Cowen upped their target price on BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and a consensus price target of $93.25.

BJ’s Wholesale Club Stock Down 0.5 %

BJ stock opened at $96.30 on Friday. The stock has a market capitalization of $12.77 billion, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 4.55 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. The firm has a 50-day moving average price of $87.18 and a 200-day moving average price of $85.90. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $63.73 and a 12 month high of $99.91.

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.