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

Daiwa Securities Group Inc. raised its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 4.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,840 shares of the company’s stock after acquiring an additional 180 shares during the period. Daiwa Securities Group Inc.’s holdings in BJ’s Wholesale Club were worth $317,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BJ. CIBC Asset Management Inc increased its position 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 acquiring an additional 123 shares during the last quarter. Fifth Third Bancorp increased its position in shares of BJ’s Wholesale Club by 9.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock valued at $128,000 after purchasing an additional 124 shares during the last quarter. CWM LLC raised its stake in shares of BJ’s Wholesale Club by 7.4% during the 2nd quarter. CWM LLC now owns 1,863 shares of the company’s stock worth $164,000 after purchasing an additional 128 shares during the period. OLD National Bancorp IN boosted its holdings in shares of BJ’s Wholesale Club by 2.5% in the 3rd quarter. OLD National Bancorp IN now owns 5,438 shares of the company’s stock worth $449,000 after buying an additional 133 shares during the last quarter. Finally, Riverwater Partners LLC grew its position in BJ’s Wholesale Club by 1.1% during the second quarter. Riverwater Partners LLC now owns 12,951 shares of the company’s stock valued at $1,138,000 after buying an additional 135 shares during the period. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Stock Down 0.5 %

Shares of NYSE:BJ opened at $96.30 on Monday. The firm has a fifty day moving average price of $87.48 and a two-hundred day moving average price of $86.08. The company 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. 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.

Analyst Ratings Changes

Several analysts have commented on BJ shares. Morgan Stanley lifted their price objective on shares of 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. Melius Research started coverage on shares of BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target on the stock. Wells Fargo & Company increased their price objective 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. TD Cowen upped their price target 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, Bank of America cut their price target on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.25.

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, October 1st. The shares were sold at an average price of $83.75, for a total value of $921,250.00. Following the sale, the chief executive officer now directly owns 434,792 shares of the company’s stock, valued at $36,413,830. This trade represents a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, 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.