Freedom Investment Management Inc. Acquires 1,280 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Freedom Investment Management Inc. raised its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 19.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,763 shares of the company’s stock after acquiring an additional 1,280 shares during the quarter. Freedom Investment Management Inc.’s holdings in BJ’s Wholesale Club were worth $640,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. acquired a new position in shares of BJ’s Wholesale Club in the 2nd quarter valued at $25,000. Davis Capital Management bought a new stake in shares of BJ’s Wholesale Club in the 3rd quarter valued at about $25,000. UMB Bank n.a. grew its holdings in BJ’s Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after purchasing an additional 293 shares during the period. Reston Wealth Management LLC bought a new stake in shares of BJ’s Wholesale Club in the 3rd quarter valued at $41,000. Finally, J.Safra Asset Management Corp bought a new position in shares of BJ’s Wholesale Club during the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Insider Transactions at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the sale, the chief executive officer now owns 423,792 shares in the company, valued at approximately $36,221,502.24. This trade represents a 2.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 33,000 shares of company stock valued at $2,734,820. 2.00% of the stock is owned by corporate insiders.

BJ’s Wholesale Club Trading Down 0.3 %

Shares of NYSE:BJ opened at $96.77 on Friday. The company has a market capitalization of $12.83 billion, a P/E ratio of 23.26, a P/E/G ratio of 4.63 and a beta of 0.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The business’s 50 day simple moving average is $86.86 and its 200 day simple moving average is $85.82. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $63.73 and a 1 year high of $99.91.

Wall Street Analyst Weigh In

Several analysts have commented on BJ shares. Roth Mkm raised their target price on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday. Jefferies Financial Group boosted 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 research report on Thursday, November 21st. TD Cowen upped their price objective on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Melius Research assumed coverage on BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price on the stock. Finally, Morgan Stanley raised their price target on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, BJ’s Wholesale Club 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.