Isthmus Partners LLC Acquires New Shares in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Isthmus Partners LLC purchased a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,735 shares of the company's stock, valued at approximately $556,000.

Other hedge funds have also modified their holdings of the company. CIBC Asset Management Inc lifted its position in BJ's Wholesale Club by 3.3% during the third quarter. CIBC Asset Management Inc now owns 3,906 shares of the company's stock valued at $322,000 after purchasing an additional 123 shares during the period. Fifth Third Bancorp raised its stake in shares of BJ's Wholesale Club by 9.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,461 shares of the company's stock valued at $128,000 after buying an additional 124 shares during the last quarter. CWM LLC lifted its holdings in shares of BJ's Wholesale Club by 7.4% in the 2nd quarter. CWM LLC now owns 1,863 shares of the company's stock valued at $164,000 after buying an additional 128 shares during the period. OLD National Bancorp IN boosted its stake in shares of BJ's Wholesale Club by 2.5% in the third quarter. OLD National Bancorp IN now owns 5,438 shares of the company's stock worth $449,000 after buying an additional 133 shares during the last quarter. Finally, Riverwater Partners LLC boosted its stake in shares of BJ's Wholesale Club by 1.1% in the second quarter. Riverwater Partners LLC now owns 12,951 shares of the company's stock worth $1,138,000 after buying an additional 135 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ's Wholesale Club Price Performance

Shares of NYSE BJ traded down $0.47 during midday trading on Friday, hitting $96.30. The stock had a trading volume of 928,408 shares, compared to its average volume of 1,501,510. 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 stock has a 50 day simple moving average of $87.48 and a 200-day simple moving average of $86.02. The company has a market capitalization of $12.77 billion, a PE ratio of 23.15, a P/E/G ratio of 4.55 and a beta of 0.24. BJ's Wholesale Club Holdings, Inc. has a 1 year low of $63.73 and a 1 year high of $99.91.

Insider Activity at BJ's Wholesale Club

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total value of $921,250.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 33,000 shares of company stock valued at $2,734,820. 2.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BJ. Bank of America decreased their price target on BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, August 23rd. JPMorgan Chase & Co. upgraded shares of BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and boosted their target price for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Morgan Stanley raised 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 report on Friday, November 22nd. TD Cowen upped their price objective on shares of BJ's Wholesale Club from $95.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Finally, Jefferies Financial Group increased their target price on shares of BJ's Wholesale Club from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Six 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.25.

BJ's Wholesale Club 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.