Quest Partners LLC Has $892,000 Stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Quest Partners LLC boosted its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 269.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,813 shares of the company's stock after acquiring an additional 7,886 shares during the period. Quest Partners LLC's holdings in BJ's Wholesale Club were worth $892,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. acquired a new position in shares of BJ's Wholesale Club during the 2nd quarter worth about $25,000. Davis Capital Management acquired a new position in shares of BJ's Wholesale Club during the third quarter worth approximately $25,000. UMB Bank n.a. boosted its position in shares of BJ's Wholesale Club by 375.6% in 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 period. Reston Wealth Management LLC acquired a new stake in shares of BJ's Wholesale Club in the third quarter worth $41,000. Finally, J.Safra Asset Management Corp bought a new position in BJ's Wholesale Club during the second quarter worth $45,000. 98.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BJ. Bank of America dropped their price objective on shares of 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. Melius Research assumed coverage on BJ's Wholesale Club in a report on Monday, September 23rd. They issued a "buy" rating and a $90.00 price target for the company. Wells Fargo & Company raised their price objective on BJ's Wholesale Club from $92.00 to $100.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 12th. Roth Mkm upped their target price on BJ's Wholesale Club from $68.00 to $75.00 and gave the company a "neutral" rating in a research note on Friday, August 23rd. Finally, Jefferies Financial Group lifted their price target on shares of BJ's Wholesale Club from $95.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, BJ's Wholesale Club currently has an average rating of "Moderate Buy" and an average target price of $90.07.

Insider Buying and Selling

In other news, SVP Joseph Mcgrail sold 1,000 shares of the business's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the transaction, the senior vice president now owns 13,566 shares of the company's stock, valued at $1,133,710.62. The trade was a 6.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the firm's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the sale, the chief executive officer now directly owns 423,792 shares in the company, valued at $36,221,502.24. The trade was a 2.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock valued at $2,818,390 over the last three months. Company insiders own 2.00% of the company's stock.

BJ's Wholesale Club Trading Down 0.8 %

BJ stock opened at $85.63 on Thursday. The business has a fifty day moving average of $85.29 and a 200-day moving average of $85.15. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The company has a market cap of $11.35 billion, a P/E ratio of 21.62, a PEG ratio of 4.24 and a beta of 0.24. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $63.08 and a twelve month high of $92.37.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.09. BJ's Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same quarter in the previous year, the business earned $0.97 EPS. The business's quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.83 EPS for the current year.

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.