American Century Companies Inc. Boosts Holdings in BJ’s Wholesale Club Holdings, Inc. $BJ

American Century Companies Inc. raised its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 8.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 647,094 shares of the company’s stock after acquiring an additional 48,457 shares during the period. American Century Companies Inc. owned approximately 0.49% of BJ’s Wholesale Club worth $60,342,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State of Michigan Retirement System boosted its stake in shares of BJ’s Wholesale Club by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 31,715 shares of the company’s stock worth $3,420,000 after purchasing an additional 100 shares during the period. Moody Lynn & Lieberson LLC lifted its stake in BJ’s Wholesale Club by 1.9% in the third quarter. Moody Lynn & Lieberson LLC now owns 6,429 shares of the company’s stock worth $600,000 after purchasing an additional 120 shares during the last quarter. Cox Capital Mgt LLC lifted its stake in BJ’s Wholesale Club by 0.8% in the third quarter. Cox Capital Mgt LLC now owns 15,452 shares of the company’s stock worth $1,441,000 after purchasing an additional 122 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of BJ’s Wholesale Club by 4.1% during the third quarter. Sequoia Financial Advisors LLC now owns 3,483 shares of the company’s stock valued at $325,000 after buying an additional 137 shares during the period. Finally, Morris Financial Concepts Inc. boosted its position in shares of BJ’s Wholesale Club by 6.2% during the third quarter. Morris Financial Concepts Inc. now owns 2,438 shares of the company’s stock valued at $227,000 after buying an additional 143 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Melius Research downgraded BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BJ’s Wholesale Club in a research report on Monday, December 29th. The Goldman Sachs Group decreased their target price on BJ’s Wholesale Club from $139.00 to $123.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Morgan Stanley lowered their target price on shares of BJ’s Wholesale Club from $105.00 to $100.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Finally, Barclays cut shares of BJ’s Wholesale Club from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $115.00 to $90.00 in a report on Wednesday, January 7th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $108.19.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, EVP William C. Werner sold 7,000 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $91.09, for a total transaction of $637,630.00. Following the sale, the executive vice president owned 50,498 shares of the company’s stock, valued at $4,599,862.82. This trade represents a 12.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by company insiders.

BJ’s Wholesale Club Stock Down 0.3%

BJ’s Wholesale Club stock opened at $99.96 on Thursday. The company has a quick ratio of 0.16, a current ratio of 0.79 and a debt-to-equity ratio of 0.18. The firm has a market cap of $13.08 billion, a P/E ratio of 23.03, a P/E/G ratio of 2.58 and a beta of 0.36. The business has a fifty day moving average of $95.61 and a two-hundred day moving average of $94.49. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $86.68 and a twelve month high of $121.10.

BJ’s Wholesale Club Company 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.