Verition Fund Management LLC Grows Stock Holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Verition Fund Management LLC increased its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 56.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 113,441 shares of the company's stock after purchasing an additional 41,008 shares during the quarter. Verition Fund Management LLC owned approximately 0.09% of BJ's Wholesale Club worth $9,357,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of BJ's Wholesale Club by 158.9% in 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 buying an additional 2,571,709 shares during the last quarter. FMR LLC boosted its position in BJ's Wholesale Club by 7.2% in the third quarter. FMR LLC now owns 14,357,118 shares of the company's stock worth $1,184,175,000 after purchasing an additional 966,528 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in BJ's Wholesale Club by 60.1% in the 3rd 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. Rockefeller Capital Management L.P. grew its stake in BJ's Wholesale Club by 4,834.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 625,205 shares of the company's stock valued at $51,567,000 after purchasing an additional 612,535 shares during the period. Finally, Marshall Wace LLP increased its position in shares of BJ's Wholesale Club by 143.6% during the 2nd 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 last quarter. 98.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Robert W. Eddy sold 11,000 shares of BJ's Wholesale Club stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the completion of the sale, the chief executive officer now owns 423,792 shares in the company, valued at approximately $36,221,502.24. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 33,000 shares of company stock worth $2,734,820 in the last three months. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BJ shares. Wells Fargo & Company increased their price target on shares of BJ's Wholesale Club from $92.00 to $100.00 and gave the company an "overweight" rating in a research report on Tuesday, November 12th. UBS Group increased their target price on shares of BJ's Wholesale Club from $102.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. 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 report on Friday, August 23rd. Morgan Stanley increased their price objective 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 raised their target price 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. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, BJ's Wholesale Club has an average rating of "Moderate Buy" and an average target price of $93.25.

BJ's Wholesale Club Price Performance

Shares of BJ's Wholesale Club stock traded down $0.47 on Friday, reaching $96.30. The stock had a trading volume of 928,408 shares, 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. The company has a market cap of $12.77 billion, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 4.53 and a beta of 0.24. BJ's Wholesale Club Holdings, Inc. has a 1 year low of $63.73 and a 1 year high of $99.91. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23.

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.