Fox Run Management L.L.C. Increases Stock Position in BJ’s Wholesale Club Holdings, Inc. $BJ

Fox Run Management L.L.C. grew its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 36.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,596 shares of the company’s stock after acquiring an additional 6,344 shares during the period. BJ’s Wholesale Club comprises about 0.3% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 17th biggest holding. Fox Run Management L.L.C.’s holdings in BJ’s Wholesale Club were worth $2,200,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BJ. TD Asset Management Inc raised its stake in BJ’s Wholesale Club by 98.0% during the third quarter. TD Asset Management Inc now owns 22,408 shares of the company’s stock valued at $2,090,000 after buying an additional 11,088 shares in the last quarter. Patten Group Inc. boosted its holdings in shares of BJ’s Wholesale Club by 170.7% during the third quarter. Patten Group Inc. now owns 6,887 shares of the company’s stock valued at $642,000 after acquiring an additional 4,343 shares during the period. AXQ Capital LP acquired a new position in BJ’s Wholesale Club during the 3rd quarter valued at about $613,000. O Brien Greene & Co. Inc grew its stake in shares of BJ’s Wholesale Club by 14.3% in the third quarter. O Brien Greene & Co. Inc now owns 4,000 shares of the company’s stock worth $373,000 after purchasing an additional 500 shares in the last quarter. Finally, X Square Capital LLC boosted its holdings in shares of BJ’s Wholesale Club by 1.6% in the third quarter. X Square Capital LLC now owns 19,612 shares of the company’s stock valued at $1,829,000 after acquiring an additional 310 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BJ shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of BJ’s Wholesale Club in a research report on Thursday, January 8th. They issued a “hold” rating on the stock. Barclays downgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $115.00 to $90.00 in a research report on Wednesday, January 7th. BTIG Research reiterated a “buy” rating and issued a $120.00 target price on shares of BJ’s Wholesale Club in a research note on Friday, November 21st. DA Davidson reaffirmed a “buy” rating and issued a $123.00 price target on shares of BJ’s Wholesale Club in a research report on Monday, November 24th. Finally, TD Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, BJ’s Wholesale Club has a consensus rating of “Hold” and a consensus price target of $107.63.

Insider Activity

In related news, EVP William C. Werner sold 7,000 shares of BJ’s Wholesale Club stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $91.09, for a total value of $637,630.00. Following the completion of the transaction, the executive vice president directly owned 50,498 shares of the company’s stock, valued at $4,599,862.82. The trade was a 12.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $99.06 on Wednesday. The company has a 50 day moving average of $95.08 and a 200-day moving average of $94.68. The company has a current ratio of 0.79, a quick ratio of 0.16 and a debt-to-equity ratio of 0.18. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $86.68 and a 1-year high of $121.10. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 2.56 and a beta of 0.36.

About BJ’s Wholesale Club

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.