Maverick Capital Ltd. Takes $962,000 Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Maverick Capital Ltd. bought a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,659 shares of the company’s stock, valued at approximately $962,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Creative Planning boosted its holdings in shares of BJ’s Wholesale Club by 10.7% in the second quarter. Creative Planning now owns 9,298 shares of the company’s stock worth $817,000 after buying an additional 898 shares during the period. Raymond James & Associates lifted its holdings in shares of BJ’s Wholesale Club by 99.9% in the second quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock valued at $67,151,000 after purchasing an additional 382,114 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of BJ’s Wholesale Club by 3.5% in the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after buying an additional 217,385 shares during the period. Tidal Investments LLC grew its holdings in shares of BJ’s Wholesale Club by 96.8% during the first quarter. Tidal Investments LLC now owns 19,840 shares of the company’s stock valued at $1,501,000 after buying an additional 9,759 shares in the last quarter. Finally, LVW Advisors LLC acquired a new position in BJ’s Wholesale Club during the second quarter valued at $589,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BJ shares. Bank of America lowered their target price on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. TD Cowen increased their price objective on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $76.00 to $78.00 in a research note on Monday, August 26th. Wells Fargo & Company boosted their price target on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Finally, Roth Mkm increased their price objective on BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.25.

BJ’s Wholesale Club Price Performance

NYSE BJ opened at $96.30 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $63.73 and a 1 year high of $99.91. The company has a fifty day simple moving average of $87.48 and a 200 day simple moving average of $86.02. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The company has a market cap of $12.77 billion, a P/E ratio of 23.15, a P/E/G ratio of 4.55 and a beta of 0.24.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the transaction, the chief executive officer now directly owns 423,792 shares of the company’s stock, valued at $36,221,502.24. The trade was a 2.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 33,000 shares of company stock valued at $2,734,820 in the last quarter. Insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Company 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.