Intech Investment Management LLC Sells 10,680 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Intech Investment Management LLC lessened its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 42.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,255 shares of the company's stock after selling 10,680 shares during the quarter. Intech Investment Management LLC's holdings in BJ's Wholesale Club were worth $1,176,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in BJ. Blue Trust Inc. bought a new position in shares of BJ's Wholesale Club in the second quarter worth approximately $25,000. Davis Capital Management purchased a new position in shares of BJ's Wholesale Club in the third quarter valued at about $25,000. UMB Bank n.a. raised its stake in shares of BJ's Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company's stock valued at $31,000 after acquiring an additional 293 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of BJ's Wholesale Club during the third quarter worth about $41,000. Finally, J.Safra Asset Management Corp bought a new stake in shares of BJ's Wholesale Club in the second quarter worth about $45,000. 98.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BJ has been the topic of a number of research analyst reports. Bank of America reduced their price target on BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, August 23rd. Wells Fargo & Company boosted their price target on BJ's Wholesale Club from $92.00 to $100.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. UBS Group boosted their price target on BJ's Wholesale Club from $102.00 to $108.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Morgan Stanley boosted their price target on BJ's Wholesale Club from $90.00 to $98.00 and gave the company an "equal weight" rating in a report on Friday, November 22nd. Finally, Roth Mkm boosted their price target on BJ's Wholesale Club from $75.00 to $87.00 and gave the company a "neutral" rating in a report on Monday. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $93.25.

Insider Transactions at BJ's Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 approximately $36,413,830. This represents a 2.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 33,000 shares of company stock valued at $2,734,820 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

BJ's Wholesale Club Stock Performance

Shares of BJ opened at $97.06 on Wednesday. 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's 50 day moving average price is $86.18 and its 200-day moving average price is $85.61. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $63.73 and a 52 week high of $99.91. The stock has a market cap of $12.87 billion, a P/E ratio of 23.33, a P/E/G ratio of 4.54 and a beta of 0.24.

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.