Baird Financial Group Inc. Invests $319,000 in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Baird Financial Group Inc. purchased a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Rating) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,119 shares of the company’s stock, valued at approximately $319,000.

Other hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in BJ’s Wholesale Club by 145.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,422,594 shares of the company’s stock valued at $163,792,000 after acquiring an additional 1,436,785 shares in the last quarter. Eaton Vance Management lifted its position in BJ’s Wholesale Club by 323.5% in the 1st quarter. Eaton Vance Management now owns 1,719,134 shares of the company’s stock valued at $116,230,000 after acquiring an additional 1,313,206 shares in the last quarter. River Road Asset Management LLC lifted its position in BJ’s Wholesale Club by 25.9% in the 2nd quarter. River Road Asset Management LLC now owns 3,766,074 shares of the company’s stock valued at $234,702,000 after acquiring an additional 774,423 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in BJ’s Wholesale Club by 944.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 759,734 shares of the company’s stock valued at $47,347,000 after acquiring an additional 687,026 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in BJ’s Wholesale Club by 3,376.3% in the 1st quarter. American Century Companies Inc. now owns 672,254 shares of the company’s stock valued at $45,451,000 after acquiring an additional 652,916 shares in the last quarter. 98.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, EVP Scott Kessler sold 13,359 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $76.36, for a total value of $1,020,093.24. Following the completion of the sale, the executive vice president now owns 116,791 shares in the company, valued at approximately $8,918,160.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Trading Up 0.9 %

Shares of BJ stock opened at $73.78 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $51.45 and a 52-week high of $80.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.14 and a current ratio of 0.72. The firm has a market capitalization of $9.97 billion, a PE ratio of 20.61, a PEG ratio of 2.06 and a beta of 0.43. The stock has a fifty day simple moving average of $74.75 and a two-hundred day simple moving average of $69.10.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BJ shares. Morgan Stanley upped their price objective on BJ’s Wholesale Club from $71.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, November 18th. William Blair reissued an “outperform” rating on shares of BJ’s Wholesale Club in a report on Wednesday, October 12th. MKM Partners increased their price target on BJ’s Wholesale Club from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, November 18th. The Goldman Sachs Group upped their price objective on BJ’s Wholesale Club from $63.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 19th. Finally, DA Davidson upped their price objective on BJ’s Wholesale Club from $72.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, August 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $80.38.

About BJ’s Wholesale Club

(Get Rating)

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, Wellsleyfarms.com, and Delivery.bjs.com as well as the mobile app.

See Also

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Institutional Ownership by Quarter for BJ's Wholesale Club (NYSE:BJ)

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