Quantbot Technologies LP Sells 115 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Quantbot Technologies LP decreased its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,676 shares of the company’s stock after selling 115 shares during the period. Quantbot Technologies LP’s holdings in BJ’s Wholesale Club were worth $1,128,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. bought a new position in BJ’s Wholesale Club during the second quarter worth about $25,000. Davis Capital Management bought a new position in shares of BJ’s Wholesale Club during the third quarter worth approximately $25,000. UMB Bank n.a. raised its position in shares of BJ’s Wholesale Club by 375.6% in 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 in the last quarter. Reston Wealth Management LLC bought a new stake in shares of BJ’s Wholesale Club in the third quarter valued at approximately $41,000. Finally, J.Safra Asset Management Corp acquired a new stake in BJ’s Wholesale Club during the second quarter worth approximately $45,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

BJ has been the subject of several analyst reports. UBS Group lifted their price objective on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Bank of America decreased 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 report on Friday, August 23rd. Jefferies Financial Group increased their price target on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, TD Cowen raised their target price on BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and an average price target of $93.25.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $96.30 on Friday. The company has a market capitalization of $12.77 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 4.55 and a beta of 0.24. The stock has a fifty day simple moving average of $87.48 and a 200 day simple moving average of $86.02. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $63.73 and a twelve month high of $99.91.

Insider Buying and Selling at BJ’s Wholesale Club

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 completion of the transaction, the chief executive officer now directly owns 423,792 shares of the company’s stock, valued at approximately $36,221,502.24. This trade represents a 2.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders sold 33,000 shares of company stock valued at $2,734,820. 2.00% of the stock is currently owned by company insiders.

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.