Victory Capital Management Inc. Increases Stake in BJ’s Wholesale Club Holdings, Inc. $BJ

Victory Capital Management Inc. boosted its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 60.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,225,865 shares of the company’s stock after buying an additional 3,087,151 shares during the quarter. Victory Capital Management Inc. owned 6.24% of BJ’s Wholesale Club worth $768,716,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BJ. Roxbury Financial LLC acquired a new stake in shares of BJ’s Wholesale Club in the third quarter valued at $28,000. Davis Capital Management purchased a new position in shares of BJ’s Wholesale Club in the 3rd quarter valued at about $28,000. Root Financial Partners LLC acquired a new position in shares of BJ’s Wholesale Club during the third quarter worth about $29,000. Eastern Bank purchased a new stake in shares of BJ’s Wholesale Club during the third quarter worth approximately $29,000. Finally, Huntington National Bank raised its holdings in BJ’s Wholesale Club by 65.7% in the second quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $57,000 after acquiring an additional 211 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Analysts Set New Price Targets

BJ has been the subject of several analyst reports. BTIG Research reiterated a “buy” rating and set a $120.00 price target on shares of BJ’s Wholesale Club in a report on Friday, November 21st. JPMorgan Chase & Co. boosted their target price on shares of BJ’s Wholesale Club from $90.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. The Goldman Sachs Group cut their price target on BJ’s Wholesale Club from $139.00 to $123.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. DA Davidson reaffirmed a “buy” rating and set a $123.00 price target on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $108.19.

BJ’s Wholesale Club Stock Up 0.9%

BJ’s Wholesale Club stock opened at $99.70 on Tuesday. The company has a market capitalization of $13.05 billion, a P/E ratio of 22.97, a PEG ratio of 2.55 and a beta of 0.36. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 0.79. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $86.68 and a fifty-two week high of $121.10. The stock has a 50-day simple moving average of $95.35 and a 200-day simple moving average of $94.47.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, EVP William C. Werner sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $91.09, for a total transaction of $637,630.00. Following the transaction, the executive vice president directly owned 50,498 shares in the company, valued at approximately $4,599,862.82. This trade represents a 12.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.40% of the company’s stock.

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.