6,571 Shares in BJ’s Wholesale Club Holdings, Inc. $BJ Purchased by AXQ Capital LP

AXQ Capital LP bought a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,571 shares of the company’s stock, valued at approximately $613,000.

Other large investors also recently added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new stake in BJ’s Wholesale Club during the 3rd quarter valued at approximately $28,000. Davis Capital Management bought a new position in shares of BJ’s Wholesale Club during the third quarter worth $28,000. Root Financial Partners LLC bought a new position in shares of BJ’s Wholesale Club during the third quarter worth $29,000. Eastern Bank purchased a new position in BJ’s Wholesale Club during the third quarter valued at $29,000. Finally, Huntington National Bank increased its holdings in BJ’s Wholesale Club by 65.7% in the 2nd quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $57,000 after acquiring an additional 211 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BJ’s Wholesale Club

In other news, EVP William C. Werner sold 7,000 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $91.09, for a total value of $637,630.00. Following the sale, the executive vice president directly owned 50,498 shares in the company, valued at approximately $4,599,862.82. This represents a 12.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

BJ has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of BJ’s Wholesale Club from $110.00 to $90.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Barclays lowered BJ’s Wholesale Club from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $115.00 to $90.00 in a research note on Wednesday, January 7th. Morgan Stanley reduced their price objective on BJ’s Wholesale Club from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. TD Cowen reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Finally, Melius Research lowered shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a report on Friday, January 23rd. Eight investment 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $107.63.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock opened at $99.06 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.79 and a quick ratio of 0.16. 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 capitalization of $12.96 billion, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 2.56 and a beta of 0.36. The company’s 50-day moving average is $95.08 and its 200 day moving average is $94.68.

BJ’s Wholesale Club Profile

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.