Fmr LLC Boosts Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Fmr LLC lifted its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 7.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,357,118 shares of the company’s stock after acquiring an additional 966,528 shares during the quarter. Fmr LLC owned 0.11% of BJ’s Wholesale Club worth $1,184,175,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BJ. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of BJ’s Wholesale Club by 158.9% during 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 acquiring an additional 2,571,709 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of BJ’s Wholesale Club by 60.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock worth $196,929,000 after purchasing an additional 896,263 shares during the last quarter. Marshall Wace LLP raised 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 worth $74,488,000 after purchasing an additional 499,954 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of BJ’s Wholesale Club by 201.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company’s stock worth $51,966,000 after purchasing an additional 395,573 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of BJ’s Wholesale Club by 280.5% during the 3rd quarter. Jennison Associates LLC now owns 533,336 shares of the company’s stock worth $43,990,000 after purchasing an additional 393,181 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $85.47, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 33,000 shares of company stock worth $2,734,820. Insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Stock Down 1.4 %

BJ stock opened at $97.06 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a one year low of $63.73 and a one year high of $99.91. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The firm’s 50 day moving average price is $86.18 and its 200-day moving average price is $85.61. The firm has a market cap of $12.87 billion, a PE ratio of 23.33, a PEG ratio of 4.54 and a beta of 0.24.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. UBS Group upped their price target on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Melius Research assumed coverage on shares of BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 price target for the company. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Wells Fargo & Company upped their price target on shares of 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. Finally, Bank of America decreased their target price on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.25.

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.