Charles Schwab Investment Management Inc. Increases Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Charles Schwab Investment Management Inc. boosted its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 839,101 shares of the company’s stock after purchasing an additional 5,350 shares during the period. Charles Schwab Investment Management Inc.’s holdings in BJ’s Wholesale Club were worth $69,209,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of BJ. Victory Capital Management Inc. raised its stake in shares of BJ’s Wholesale Club by 3.5% during the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock valued at $531,118,000 after buying an additional 217,385 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in BJ’s Wholesale Club by 158.9% during the second 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 in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in BJ’s Wholesale Club by 60.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock valued at $196,929,000 after acquiring an additional 896,263 shares during the period. Principal Financial Group Inc. boosted its position in BJ’s Wholesale Club by 17.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock worth $142,721,000 after purchasing an additional 237,902 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its stake in shares of BJ’s Wholesale Club by 14.4% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,471,978 shares of the company’s stock worth $121,409,000 after purchasing an additional 184,966 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Down 0.3 %

Shares of NYSE BJ opened at $96.77 on Friday. The stock has a market cap of $12.83 billion, a PE ratio of 23.26, a P/E/G ratio of 4.63 and a beta of 0.24. 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 Holdings, Inc. has a 12-month low of $63.73 and a 12-month high of $99.91. The company has a 50-day moving average of $86.86 and a 200 day moving average of $85.82.

Analyst Ratings Changes

BJ has been the topic of a number of recent analyst reports. UBS Group increased 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 report on Friday, November 22nd. Bank of America lowered 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. TD Cowen lifted their price target on BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. 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. Finally, Morgan Stanley boosted their price objective on BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and an average price target of $93.25.

Insider Activity

In other news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total transaction of $921,250.00. Following the transaction, the chief executive officer now owns 434,792 shares of the company’s stock, valued at approximately $36,413,830. The trade was a 2.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 33,000 shares of company stock worth $2,734,820 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

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.