Bridgewater Associates LP Has $6.25 Million Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Bridgewater Associates LP trimmed its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 59.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,790 shares of the company's stock after selling 111,317 shares during the period. Bridgewater Associates LP owned about 0.06% of BJ's Wholesale Club worth $6,251,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of BJ's Wholesale Club by 158.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company's stock worth $368,044,000 after acquiring an additional 2,571,709 shares during the last quarter. FMR LLC increased its holdings in shares of BJ's Wholesale Club by 7.2% in the third 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 last quarter. Massachusetts Financial Services Co. MA raised 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 purchasing an additional 896,263 shares during the period. Marshall Wace LLP raised its position in shares of 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 purchasing an additional 499,954 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of BJ's Wholesale Club by 201.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company's stock worth $51,966,000 after buying an additional 395,573 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BJ has been the topic of several research analyst reports. Roth Mkm increased their price target on shares of BJ's Wholesale Club from $75.00 to $87.00 and gave the company a "neutral" rating in a report on Monday, November 25th. UBS Group increased 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. Wells Fargo & Company lifted their price target on BJ's Wholesale Club from $92.00 to $100.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Melius Research started coverage on shares of BJ's Wholesale Club in a research report on Monday, September 23rd. They issued a "buy" rating and a $90.00 target price for the company. Finally, Bank of America lowered their price target on shares of BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, August 23rd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $93.25.

Insider Buying and Selling at BJ's Wholesale Club

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the completion of the transaction, the chief executive officer now owns 445,792 shares of the company's stock, valued at $35,395,884.80. This represents a 2.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 33,000 shares of company stock worth $2,734,820 over the last quarter. Corporate insiders own 2.00% of the company's stock.

BJ's Wholesale Club Price Performance

Shares of BJ's Wholesale Club stock traded down $0.47 during midday trading on Friday, hitting $96.30. 928,408 shares of the company traded hands, compared to its average volume of 1,501,510. The firm's fifty day moving average price is $87.48 and its 200-day moving average price is $86.02. The stock has a market cap of $12.77 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 4.55 and a beta of 0.24. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $63.73 and a 12 month high of $99.91. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76.

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.