Rockefeller Capital Management L.P. Buys 612,535 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Rockefeller Capital Management L.P. lifted its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 4,834.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 625,205 shares of the company's stock after purchasing an additional 612,535 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.47% of BJ's Wholesale Club worth $51,567,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of BJ. Kayne Anderson Rudnick Investment Management LLC lifted its stake in 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 purchasing an additional 2,571,709 shares during the period. FMR LLC lifted its position in shares of 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 buying an additional 966,528 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in BJ's Wholesale Club by 60.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company's stock valued at $196,929,000 after buying an additional 896,263 shares in the last quarter. Marshall Wace LLP grew its position in BJ's Wholesale Club by 143.6% in the second quarter. Marshall Wace LLP now owns 848,000 shares of the company's stock valued at $74,488,000 after acquiring an additional 499,954 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its stake in BJ's Wholesale Club by 201.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company's stock worth $51,966,000 after acquiring an additional 395,573 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Robert W. Eddy sold 11,000 shares of BJ's Wholesale Club stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 33,000 shares of company stock valued at $2,734,820 over the last three months. Company insiders own 2.00% of the company's stock.

BJ's Wholesale Club Trading Down 0.5 %

BJ traded down $0.47 during trading on Friday, reaching $96.30. 928,408 shares of the company's stock were exchanged, compared to its average volume of 1,501,510. The company's fifty day moving average price is $87.48 and its 200-day moving average price is $86.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The firm 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 fifty-two week low of $63.73 and a fifty-two week high of $99.91.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Melius Research started coverage on shares of BJ's Wholesale Club in a research report on Monday, September 23rd. They set a "buy" rating and a $90.00 target price for the company. JPMorgan Chase & Co. raised shares of BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Morgan Stanley boosted their target price on BJ's Wholesale Club from $90.00 to $98.00 and gave the stock an "equal weight" rating in a report on Friday, November 22nd. Jefferies Financial Group raised their price target on BJ's Wholesale Club from $105.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Finally, UBS Group boosted their price objective 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. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, BJ's Wholesale Club has an average rating of "Moderate Buy" and an average price target of $93.25.

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.