Bridgewater Associates LP Sells 111,317 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Bridgewater Associates LP cut its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 59.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 75,790 shares of the company’s stock after selling 111,317 shares during the quarter. Bridgewater Associates LP owned approximately 0.06% of BJ’s Wholesale Club worth $6,251,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Blue Trust Inc. purchased a new stake in BJ’s Wholesale Club in the second quarter worth about $25,000. Davis Capital Management purchased a new position in BJ’s Wholesale Club in the third quarter worth $25,000. UMB Bank n.a. grew its stake in BJ’s Wholesale Club by 375.6% during the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after buying an additional 293 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of BJ’s Wholesale Club during the third quarter valued at about $41,000. Finally, J.Safra Asset Management Corp acquired a new position in BJ’s Wholesale Club during the 2nd quarter valued at approximately $45,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the completion of the transaction, the chief executive officer now directly owns 445,792 shares in the company, valued at approximately $35,395,884.80. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 33,000 shares of company stock worth $2,734,820. 2.00% of the stock is owned by corporate insiders.

BJ’s Wholesale Club Price Performance

NYSE:BJ opened at $96.30 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $63.73 and a 52 week high of $99.91. The stock’s 50-day moving average price is $87.18 and its 200-day moving average price is $85.90. The stock has a market capitalization of $12.77 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 4.55 and a beta of 0.24.

Analysts Set New Price Targets

Several research firms have weighed in on BJ. 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. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Melius Research initiated coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective for the company. Jefferies Financial Group upped their price objective on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, TD Cowen raised their target price on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.25.

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.