PDT Partners LLC Has $3.86 Million Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

PDT Partners LLC lowered its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 38.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,808 shares of the company’s stock after selling 29,789 shares during the quarter. PDT Partners LLC’s holdings in BJ’s Wholesale Club were worth $3,861,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of BJ’s Wholesale Club by 7.2% in the third quarter. FMR LLC now owns 14,357,118 shares of the company’s stock worth $1,184,175,000 after acquiring an additional 966,528 shares in the last quarter. Victory Capital Management Inc. increased its stake in BJ’s Wholesale Club by 3.5% during the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after purchasing an additional 217,385 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in BJ’s Wholesale Club by 158.9% during the 2nd 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 lifted its stake in BJ’s Wholesale Club by 60.1% in the third 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 in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of BJ’s Wholesale Club by 17.2% in the second 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. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $96.30 on Friday. The company has a fifty day moving average price of $87.18 and a two-hundred day moving average price of $85.90. BJ’s Wholesale Club Holdings, Inc. has a one year low of $63.73 and a one year high of $99.91. The stock has a market cap of $12.77 billion, a P/E ratio of 23.15, a P/E/G ratio of 4.55 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.

Insider Activity at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total transaction of $873,400.00. Following the transaction, the chief executive officer now directly owns 445,792 shares of the company’s stock, valued at approximately $35,395,884.80. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Bank of America dropped their price objective 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. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Morgan Stanley upped their price objective on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. TD Cowen lifted their target price on BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Melius Research started coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 price target for the company. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.25.

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.