Fred Alger Management LLC reduced its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 15.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,518 shares of the company's stock after selling 10,892 shares during the quarter. Fred Alger Management LLC's holdings in BJ's Wholesale Club were worth $4,992,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. CIBC Asset Management Inc lifted its position in shares of BJ's Wholesale Club by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 3,906 shares of the company's stock worth $322,000 after buying an additional 123 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of BJ's Wholesale Club by 9.3% in the second quarter. Fifth Third Bancorp now owns 1,461 shares of the company's stock worth $128,000 after acquiring an additional 124 shares during the last quarter. CWM LLC boosted its stake 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 purchasing an additional 128 shares in the last quarter. OLD National Bancorp IN grew its holdings in shares of BJ's Wholesale Club by 2.5% during the 3rd quarter. OLD National Bancorp IN now owns 5,438 shares of the company's stock valued at $449,000 after purchasing an additional 133 shares during the last quarter. Finally, Riverwater Partners LLC increased its position in BJ's Wholesale Club by 1.1% during the 2nd quarter. Riverwater Partners LLC now owns 12,951 shares of the company's stock worth $1,138,000 after purchasing an additional 135 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
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 value of $921,250.00. Following the completion of the sale, the chief executive officer now owns 434,792 shares in the company, valued at $36,413,830. The trade was a 2.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders sold 33,000 shares of company stock worth $2,734,820. Company insiders own 2.00% of the company's stock.
BJ's Wholesale Club Trading Down 0.5 %
NYSE BJ traded down $0.47 during mid-day trading on Friday, reaching $96.30. 928,408 shares of the stock were exchanged, compared to its average volume of 1,628,452. The stock has a market cap of $12.77 billion, a P/E ratio of 23.15, a P/E/G ratio of 4.53 and a beta of 0.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. BJ's Wholesale Club Holdings, Inc. has a one year low of $63.73 and a one year high of $99.91. The stock has a 50 day simple moving average of $87.48 and a 200-day simple moving average of $86.08.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on BJ shares. 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 on the stock. Wells Fargo & Company raised their price objective 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. Roth Mkm upped their target price on BJ's Wholesale Club from $75.00 to $87.00 and gave the stock a "neutral" rating in a report on Monday, November 25th. JPMorgan Chase & Co. raised BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Finally, TD Cowen boosted their price target on BJ's Wholesale Club from $95.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $93.25.
Check Out Our Latest Stock Analysis on BJ's Wholesale Club
About BJ's Wholesale Club
(
Free Report)
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.
See Also
Before you consider BJ's Wholesale Club, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BJ's Wholesale Club wasn't on the list.
While BJ's Wholesale Club currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
