BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC decreased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 13.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 369,106 shares of the company’s stock after selling 57,852 shares during the period. ArrowMark Colorado Holdings LLC owned about 0.28% of BJ’s Wholesale Club worth $30,444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. 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 valued at $817,000 after purchasing an additional 898 shares in the last quarter. Raymond James & Associates raised its position in shares of 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 in the last quarter. Victory Capital Management Inc. lifted its stake in BJ’s Wholesale Club by 3.5% during the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after purchasing an additional 217,385 shares during the last quarter. Tidal Investments LLC boosted its holdings in BJ’s Wholesale Club by 96.8% in the first quarter. Tidal Investments LLC now owns 19,840 shares of the company’s stock valued at $1,501,000 after purchasing an additional 9,759 shares in the last quarter. Finally, LVW Advisors LLC purchased a new position in shares of BJ’s Wholesale Club during the second quarter worth about $589,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. 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. TD Cowen increased their price objective on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Roth Mkm boosted their target price on BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Morgan Stanley increased their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Friday, November 22nd. Finally, UBS Group boosted their price objective on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $93.25.

BJ’s Wholesale Club Price Performance

BJ opened at $96.30 on Monday. The company has a 50 day moving average of $87.48 and a two-hundred day moving average of $86.08. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $63.73 and a 52-week high of $99.91. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The company has a market cap of $12.77 billion, a P/E ratio of 23.15, a P/E/G ratio of 4.53 and a beta of 0.24.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club 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 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 2.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 33,000 shares of company stock worth $2,734,820. 2.00% of the stock is currently owned by company insiders.

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.