BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC decreased its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 13.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 369,106 shares of the company’s stock after selling 57,852 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in BJ’s Wholesale Club were worth $30,444,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. acquired a new stake in shares of BJ’s Wholesale Club during the second quarter worth $25,000. Davis Capital Management bought a new position in BJ’s Wholesale Club in the third quarter worth about $25,000. UMB Bank n.a. boosted its stake in 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 acquiring an additional 293 shares during the period. Reston Wealth Management LLC bought a new position in shares of BJ’s Wholesale Club during the third quarter valued at approximately $41,000. Finally, J.Safra Asset Management Corp bought a new stake in shares of BJ’s Wholesale Club in the 2nd quarter worth approximately $45,000. 98.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their target price for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Morgan Stanley raised their price target on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Jefferies Financial Group lifted 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. 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. Finally, Bank of America cut their target price on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.25.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $96.30 on Monday. BJ’s Wholesale Club Holdings, Inc. has a one year low of $63.73 and a one year high of $99.91. The company has a 50-day moving average of $87.48 and a two-hundred day moving average of $86.08. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The stock has a market cap of $12.77 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 4.53 and a beta of 0.24.

Insiders Place Their Bets

In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $83.75, for a total value of $921,250.00. Following the transaction, the chief executive officer now owns 434,792 shares in the company, valued at $36,413,830. This represents a 2.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 33,000 shares of company stock worth $2,734,820. Corporate insiders own 2.00% of the company’s stock.

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.