5,192 Shares in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Bought by Kestra Investment Management LLC

Kestra Investment Management LLC purchased a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the 3rd quarter, HoldingsChannel reports. The firm purchased 5,192 shares of the company’s stock, valued at approximately $428,000.

A number of other hedge funds have also modified their holdings of BJ. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in BJ’s Wholesale Club by 158.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock valued at $368,044,000 after acquiring an additional 2,571,709 shares during the period. FMR LLC lifted its stake in shares of BJ’s Wholesale Club by 7.2% in the 3rd quarter. FMR LLC now owns 14,357,118 shares of the company’s stock valued at $1,184,175,000 after purchasing an additional 966,528 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in BJ’s Wholesale Club by 60.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock worth $196,929,000 after buying an additional 896,263 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in BJ’s Wholesale Club by 4,834.5% during the third quarter. Rockefeller Capital Management L.P. now owns 625,205 shares of the company’s stock worth $51,567,000 after buying an additional 612,535 shares in the last quarter. Finally, Marshall Wace LLP grew its position in BJ’s Wholesale Club by 143.6% during 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. 98.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the completion of the transaction, the chief executive officer now owns 423,792 shares of the company’s stock, valued at $36,221,502.24. This trade represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Stock Performance

NYSE:BJ opened at $95.09 on Tuesday. The company’s 50-day moving average is $87.48 and its two-hundred day moving average is $86.14. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $63.73 and a 1-year high of $99.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The firm has a market capitalization of $12.61 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 4.53 and a beta of 0.24.

Analysts Set New Price Targets

BJ has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their target price for the company from $76.00 to $78.00 in a research report on Monday, August 26th. 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. 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 lifted their price target on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Finally, Wells Fargo & Company upped their price objective 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. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and a consensus 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.