BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,290,954 shares of the company’s stock after selling 1,148,404 shares during the period. BJ’s Wholesale Club comprises about 0.5% of Victory Capital Management Inc.’s portfolio, making the stock its 24th biggest holding. Victory Capital Management Inc. owned about 4.01% of BJ’s Wholesale Club worth $472,747,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Investment Partners LLC increased its holdings in BJ’s Wholesale Club by 2.6% in the fourth quarter. Cornerstone Investment Partners LLC now owns 5,262 shares of the company’s stock valued at $470,000 after buying an additional 132 shares in the last quarter. Patten Group Inc. purchased a new position in shares of BJ’s Wholesale Club in the 4th quarter valued at about $243,000. Charles Schwab Investment Management Inc. raised its holdings in BJ’s Wholesale Club by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 846,848 shares of the company’s stock worth $75,666,000 after purchasing an additional 7,747 shares during the period. Steward Partners Investment Advisory LLC boosted its position in BJ’s Wholesale Club by 296.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 43,646 shares of the company’s stock worth $3,900,000 after purchasing an additional 32,635 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in BJ’s Wholesale Club by 355.9% in the fourth quarter. Jones Financial Companies Lllp now owns 3,027 shares of the company’s stock valued at $270,000 after purchasing an additional 2,363 shares during the period. 98.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BJ. Wells Fargo & Company upped their target price on BJ’s Wholesale Club from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Jefferies Financial Group upped their price objective on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. lifted their target price on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the company a “neutral” rating in a research report on Monday. Morgan Stanley upped their price target 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. Finally, Citigroup lifted their price objective on BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.24.

BJ’s Wholesale Club Stock Up 1.8 %

Shares of NYSE:BJ opened at $101.19 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $71.81 and a 52-week high of $108.00. The stock has a market cap of $13.37 billion, a P/E ratio of 24.32, a PEG ratio of 4.50 and a beta of 0.28. The business has a fifty day moving average of $98.41 and a two-hundred day moving average of $91.22. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23.

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.