Victory Capital Management Inc. Buys 217,385 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Victory Capital Management Inc. raised its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,439,358 shares of the company's stock after acquiring an additional 217,385 shares during the period. BJ's Wholesale Club comprises approximately 0.5% of Victory Capital Management Inc.'s holdings, making the stock its 20th largest holding. Victory Capital Management Inc. owned 4.86% of BJ's Wholesale Club worth $531,118,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of BJ's Wholesale Club by 10.7% in the 2nd quarter. Creative Planning now owns 9,298 shares of the company's stock worth $817,000 after buying an additional 898 shares in the last quarter. Raymond James & Associates grew its position 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 worth $67,151,000 after acquiring an additional 382,114 shares during the last quarter. Tidal Investments LLC grew its position in BJ's Wholesale Club by 96.8% during the 1st quarter. Tidal Investments LLC now owns 19,840 shares of the company's stock worth $1,501,000 after acquiring an additional 9,759 shares during the last quarter. LVW Advisors LLC bought a new stake in BJ's Wholesale Club during the 2nd quarter worth approximately $589,000. Finally, Bayesian Capital Management LP bought a new stake in BJ's Wholesale Club during the 1st quarter worth approximately $908,000. Institutional investors and hedge funds own 98.60% of the company's stock.

Insider Activity

In related news, CEO Robert W. Eddy sold 11,000 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the completion of the transaction, the chief executive officer now directly owns 445,792 shares of the company's stock, valued at approximately $35,395,884.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Joseph Mcgrail sold 1,000 shares of the firm'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 directly owns 13,566 shares of the company's stock, valued at approximately $1,133,710.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the completion of the transaction, the chief executive officer now directly owns 445,792 shares of the company's stock, valued at $35,395,884.80. This 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 worth $2,818,390 over the last ninety days. Insiders own 2.00% of the company's stock.

BJ's Wholesale Club Stock Down 0.6 %

BJ stock traded down $0.56 during mid-day trading on Tuesday, hitting $89.06. 1,302,165 shares of the company were exchanged, compared to its average volume of 1,469,281. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. The firm has a market cap of $11.81 billion, a P/E ratio of 22.64, a P/E/G ratio of 3.35 and a beta of 0.24. The firm's 50 day simple moving average is $84.02 and its 200 day simple moving average is $84.63. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $63.08 and a 1-year high of $92.37.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $5.15 billion. During the same period last year, the company earned $0.97 earnings per share. The firm's revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. JPMorgan Chase & Co. upgraded BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Wells Fargo & Company increased their price objective on BJ's Wholesale Club from $92.00 to $100.00 and gave the company an "overweight" rating in a research report on Tuesday. Roth Mkm increased their price objective on BJ's Wholesale Club from $68.00 to $75.00 and gave the company a "neutral" rating in a research report on Friday, August 23rd. Melius Research assumed coverage on BJ's Wholesale Club in a research report on Monday, September 23rd. They issued a "buy" rating and a $90.00 price objective on the stock. Finally, Bank of America decreased their price objective on BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, August 23rd. Six investment analysts have rated the stock with a hold rating and nine have given 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 a consensus target price of $87.87.

BJ's Wholesale Club 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.