Victory Capital Management Inc. Has $531.12 Million Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Victory Capital Management Inc. increased its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,439,358 shares of the company’s stock after acquiring an additional 217,385 shares during the quarter. BJ’s Wholesale Club makes up about 0.5% of Victory Capital Management Inc.’s portfolio, making the stock its 20th largest position. Victory Capital Management Inc. owned approximately 4.86% of BJ’s Wholesale Club worth $531,118,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Blue Trust Inc. purchased a new stake in shares of BJ’s Wholesale Club in the second quarter worth $25,000. Davis Capital Management purchased a new position in BJ’s Wholesale Club in the third quarter worth about $25,000. UMB Bank n.a. grew its position in BJ’s Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after buying an additional 293 shares during the period. Reston Wealth Management LLC purchased a new stake in BJ’s Wholesale Club in the 3rd quarter worth approximately $41,000. Finally, J.Safra Asset Management Corp bought a new position in BJ’s Wholesale Club in the 2nd quarter worth $45,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of BJ stock traded down $0.92 during midday trading on Tuesday, reaching $88.70. 288,485 shares of the company traded hands, compared to its average volume of 1,464,652. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $63.08 and a 1-year high of $92.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. The firm’s 50 day simple moving average is $84.02 and its two-hundred day simple moving average is $84.63. The firm has a market cap of $11.76 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 3.35 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same period in the previous year, the firm posted $0.97 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BJ has been the subject of a number of research reports. Wells Fargo & Company increased their target price on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Roth Mkm boosted their price objective on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Melius Research assumed coverage on shares of BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price for the company. Finally, Bank of America cut their price target on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and an average price target of $87.87.

Insider Buying and Selling

In other news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the transaction, the chief executive officer now directly owns 423,792 shares of the company’s stock, valued at $36,221,502.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the transaction, the chief executive officer now owns 423,792 shares in the company, valued at approximately $36,221,502.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the transaction, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,000 shares of company stock valued at $2,818,390. Insiders own 2.00% of the company’s stock.

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.