Daiwa Securities Group Inc. Acquires 180 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Daiwa Securities Group Inc. lifted its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 4.9% in the third quarter, HoldingsChannel reports. The fund owned 3,840 shares of the company’s stock after buying an additional 180 shares during the period. Daiwa Securities Group Inc.’s holdings in BJ’s Wholesale Club were worth $317,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in BJ’s Wholesale Club by 3.5% in the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock valued at $531,118,000 after purchasing an additional 217,385 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of BJ’s Wholesale Club by 158.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock worth $368,044,000 after buying an additional 2,571,709 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in BJ’s Wholesale Club by 60.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock valued at $196,929,000 after buying an additional 896,263 shares during the last quarter. Principal Financial Group Inc. boosted its position in BJ’s Wholesale Club by 17.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock valued at $142,721,000 after buying an additional 237,902 shares during the period. Finally, TimesSquare Capital Management LLC grew its holdings in BJ’s Wholesale Club by 14.4% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,471,978 shares of the company’s stock worth $121,409,000 after acquiring an additional 184,966 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. TD Cowen increased their price objective on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $76.00 to $78.00 in a research note on Monday, August 26th. UBS Group raised their price target on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Finally, Roth Mkm boosted their price objective on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $93.25.

Insider Activity

In related news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the sale, the chief executive officer now directly owns 423,792 shares of the company’s stock, valued at approximately $36,221,502.24. This represents a 2.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 33,000 shares of company stock worth $2,734,820. Insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Trading Down 0.5 %

NYSE:BJ opened at $96.30 on Monday. The firm has a market capitalization of $12.77 billion, a P/E ratio of 23.15, a PEG ratio of 4.53 and a beta of 0.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. BJ’s Wholesale Club Holdings, Inc. has a one year low of $63.73 and a one year high of $99.91. The company’s 50-day simple moving average is $87.48 and its 200 day simple moving average is $86.08.

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.