BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Bought by Commerce Bank

Commerce Bank raised its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 5.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,809 shares of the company’s stock after acquiring an additional 209 shares during the period. Commerce Bank’s holdings in BJ’s Wholesale Club were worth $314,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Fifth Third Wealth Advisors LLC raised its holdings in shares of BJ’s Wholesale Club by 13.0% during the third quarter. Fifth Third Wealth Advisors LLC now owns 5,248 shares of the company’s stock valued at $433,000 after buying an additional 602 shares during the last quarter. Pathstone Holdings LLC raised its holdings in shares of BJ’s Wholesale Club by 2.7% during the third quarter. Pathstone Holdings LLC now owns 21,123 shares of the company’s stock valued at $1,742,000 after buying an additional 558 shares during the last quarter. Quest Partners LLC raised its holdings in shares of BJ’s Wholesale Club by 269.4% during the third quarter. Quest Partners LLC now owns 10,813 shares of the company’s stock valued at $892,000 after buying an additional 7,886 shares during the last quarter. Valley Wealth Managers Inc. raised its holdings in shares of BJ’s Wholesale Club by 0.7% during the third quarter. Valley Wealth Managers Inc. now owns 207,014 shares of the company’s stock valued at $17,075,000 after buying an additional 1,384 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of BJ’s Wholesale Club by 3.3% during the third quarter. CIBC Asset Management Inc now owns 3,906 shares of the company’s stock valued at $322,000 after buying an additional 123 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the completion of the sale, the chief executive officer now owns 445,792 shares of the company’s stock, valued at $35,395,884.80. This trade represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 33,000 shares of company stock worth $2,734,820 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Bank of America dropped their price target on 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. UBS Group upped their price target 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. Morgan Stanley upped their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. Wells Fargo & Company upped their price target on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Finally, Jefferies Financial Group upped their price target on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and a consensus target price of $93.25.

BJ’s Wholesale Club Stock Performance

NYSE:BJ opened at $96.77 on Thursday. The stock has a market capitalization of $12.83 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 4.63 and a beta of 0.24. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $63.73 and a 1 year high of $99.91. The firm has a 50 day moving average of $86.53 and a 200-day moving average of $85.75.

BJ’s Wholesale Club 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.