Versor Investments LP Invests $2.25 Million in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Versor Investments LP purchased a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,260 shares of the company's stock, valued at approximately $2,248,000.

A number of other large investors have also added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC raised its stake in 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 valued at $368,044,000 after acquiring an additional 2,571,709 shares during the period. Marshall Wace LLP boosted its holdings in BJ's Wholesale Club by 143.6% in the 2nd quarter. Marshall Wace LLP now owns 848,000 shares of the company's stock worth $74,488,000 after buying an additional 499,954 shares during the period. D. E. Shaw & Co. Inc. grew its stake in BJ's Wholesale Club by 201.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company's stock valued at $51,966,000 after buying an additional 395,573 shares in the last quarter. Raymond James & Associates raised its holdings in BJ's Wholesale Club by 99.9% during the 2nd quarter. Raymond James & Associates now owns 764,474 shares of the company's stock valued at $67,151,000 after acquiring an additional 382,114 shares during the period. Finally, Delta Global Management LP purchased a new stake in shares of BJ's Wholesale Club during the first quarter worth $27,214,000. Hedge funds and other institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Trading Down 0.7 %

Shares of BJ stock traded down $0.65 during trading hours on Monday, reaching $89.64. The company's stock had a trading volume of 903,130 shares, compared to its average volume of 1,470,047. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $11.89 billion, a P/E ratio of 22.77, a P/E/G ratio of 3.35 and a beta of 0.24. The firm's fifty day simple moving average is $83.83 and its 200 day simple moving average is $84.54. BJ's Wholesale Club Holdings, Inc. has a one year low of $63.08 and a one year high of $92.37.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (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 company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. BJ's Wholesale Club's revenue was up 4.9% on a year-over-year basis. Equities research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.82 EPS for the current year.

Analyst Ratings Changes

BJ has been the topic of several analyst reports. Melius Research initiated coverage on BJ's Wholesale Club in a research report on Monday, September 23rd. They set a "buy" rating and a $90.00 price target on the stock. Roth Mkm increased their target price on shares of BJ's Wholesale Club from $68.00 to $75.00 and gave the stock a "neutral" rating in a research note on Friday, August 23rd. Bank of America reduced their price target on shares of BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, August 23rd. Wells Fargo & Company upgraded BJ's Wholesale Club from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. upgraded BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, BJ's Wholesale Club currently has an average rating of "Moderate Buy" and a consensus price target of $87.33.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 11,000 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the sale, the chief executive officer now owns 445,792 shares in the company, valued at $35,395,884.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the sale, the chief executive officer now directly owns 445,792 shares of the company's stock, valued at approximately $35,395,884.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of BJ's Wholesale Club stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the transaction, the senior vice president now directly owns 13,566 shares of the company's stock, valued at $1,133,710.62. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock valued at $2,818,390 over the last quarter. Corporate insiders own 2.00% of the company's stock.

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.