Maverick Capital Ltd. Buys Shares of 11,659 BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Maverick Capital Ltd. acquired a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,659 shares of the company's stock, valued at approximately $962,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Verition Fund Management LLC raised its position in shares of BJ's Wholesale Club by 56.6% in the third quarter. Verition Fund Management LLC now owns 113,441 shares of the company's stock valued at $9,357,000 after purchasing an additional 41,008 shares during the period. Captrust Financial Advisors raised its holdings in BJ's Wholesale Club by 6.0% in the 3rd quarter. Captrust Financial Advisors now owns 6,913 shares of the company's stock worth $570,000 after acquiring an additional 392 shares during the period. Rockefeller Capital Management L.P. lifted its position in BJ's Wholesale Club by 4,834.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 625,205 shares of the company's stock worth $51,567,000 after acquiring an additional 612,535 shares during the last quarter. Isthmus Partners LLC bought a new stake in BJ's Wholesale Club during the third quarter valued at about $556,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of BJ's Wholesale Club by 1.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,970 shares of the company's stock valued at $2,389,000 after purchasing an additional 365 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BJ. Roth Mkm boosted their price objective on BJ's Wholesale Club from $75.00 to $87.00 and gave the stock a "neutral" rating in a research report on Monday, November 25th. Morgan Stanley upped their price target 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. Melius Research started coverage on shares of BJ's Wholesale Club in a research note on Monday, September 23rd. They issued a "buy" rating and a $90.00 price objective on the stock. TD Cowen increased their price target on shares of BJ's Wholesale Club from $95.00 to $110.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Finally, Wells Fargo & Company boosted their price objective on shares of BJ's Wholesale Club from $92.00 to $100.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.25.

Insider Activity at BJ's Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the sale, the chief executive officer now directly owns 423,792 shares of the company's stock, valued at $36,221,502.24. This represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 33,000 shares of company stock valued at $2,734,820 over the last ninety days. 2.00% of the stock is owned by insiders.

BJ's Wholesale Club Price Performance

BJ's Wholesale Club stock traded down $0.47 during trading hours on Friday, hitting $96.30. 928,408 shares of the stock were exchanged, compared to its average volume of 1,628,452. The business's 50-day moving average is $87.48 and its two-hundred day moving average is $86.08. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $63.73 and a 12 month high of $99.91. The stock has a market capitalization 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 quick ratio of 0.14 and a current ratio of 0.76.

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.