King Luther Capital Management Corp Makes New $405,000 Investment in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

King Luther Capital Management Corp purchased a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Rating) in the second quarter, Holdings Channel.com reports. The firm purchased 6,501 shares of the company’s stock, valued at approximately $405,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of BJ’s Wholesale Club by 71.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock valued at $25,000 after purchasing an additional 166 shares during the last quarter. CoreCap Advisors LLC purchased a new stake in shares of BJ’s Wholesale Club in the 2nd quarter valued at about $28,000. Benjamin Edwards Inc. acquired a new position in BJ’s Wholesale Club in the 1st quarter valued at about $35,000. Cambridge Trust Co. increased its position in BJ’s Wholesale Club by 292.0% in the 1st quarter. Cambridge Trust Co. now owns 537 shares of the company’s stock valued at $36,000 after acquiring an additional 400 shares during the period. Finally, First Horizon Advisors Inc. increased its position in BJ’s Wholesale Club by 94.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 632 shares of the company’s stock valued at $38,000 after acquiring an additional 307 shares during the period. 98.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BJ has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target on BJ’s Wholesale Club from $64.00 to $65.00 and gave the company an “underweight” rating in a research report on Friday, November 18th. The Goldman Sachs Group boosted their price target on BJ’s Wholesale Club from $63.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 19th. Robert W. Baird boosted their price target on BJ’s Wholesale Club from $77.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, August 19th. Citigroup boosted their price target on BJ’s Wholesale Club from $81.00 to $83.00 and gave the company a “neutral” rating in a research report on Friday, November 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on BJ’s Wholesale Club from $86.00 to $90.00 in a research report on Friday, November 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and an average target price of $80.38.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $72.98 on Thursday. The business’s 50 day moving average is $74.66 and its two-hundred day moving average is $69.13. The stock has a market capitalization of $9.86 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.08 and a beta of 0.43. The company has a current ratio of 0.72, a quick ratio of 0.14 and a debt-to-equity ratio of 0.64. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $51.45 and a 12-month high of $80.41.

Insider Transactions at BJ’s Wholesale Club

In other news, EVP Scott Kessler sold 13,359 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $76.36, for a total transaction of $1,020,093.24. Following the sale, the executive vice president now owns 116,791 shares of the company’s stock, valued at approximately $8,918,160.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

About BJ’s Wholesale Club

(Get Rating)

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, Wellsleyfarms.com, and Delivery.bjs.com as well as the mobile app.

Further Reading

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Institutional Ownership by Quarter for BJ's Wholesale Club (NYSE:BJ)

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