Teachers Retirement System of The State of Kentucky Boosts Stake in BJ’s Wholesale Club Holdings, Inc. $BJ

Teachers Retirement System of The State of Kentucky raised its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 25.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,970 shares of the company’s stock after purchasing an additional 28,473 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.11% of BJ’s Wholesale Club worth $12,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of BJ. Roxbury Financial LLC acquired a new position in shares of BJ’s Wholesale Club during the third quarter worth $28,000. Davis Capital Management purchased a new position in shares of BJ’s Wholesale Club in the third quarter worth about $28,000. Root Financial Partners LLC purchased a new stake in BJ’s Wholesale Club in the third quarter valued at approximately $29,000. Eastern Bank acquired a new position in BJ’s Wholesale Club in the 3rd quarter worth approximately $29,000. Finally, Huntington National Bank lifted its stake in BJ’s Wholesale Club by 65.7% during the 2nd quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $57,000 after acquiring an additional 211 shares during the period. 98.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other BJ’s Wholesale Club news, EVP William C. Werner sold 7,000 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $91.09, for a total value of $637,630.00. Following the completion of the sale, the executive vice president directly owned 50,498 shares of the company’s stock, valued at $4,599,862.82. This trade represents a 12.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have 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 research report on Friday, January 23rd. DA Davidson restated a “buy” rating and issued a $123.00 price objective on shares of BJ’s Wholesale Club in a research report on Monday, November 24th. Barclays cut shares of BJ’s Wholesale Club from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $115.00 to $90.00 in a research note on Wednesday, January 7th. Jefferies Financial Group cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and decreased their target price for the company from $120.00 to $90.00 in a research note on Wednesday, January 28th. Finally, TD Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday, November 24th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $108.19.

BJ’s Wholesale Club Stock Up 0.4%

NYSE BJ opened at $100.17 on Wednesday. The business has a fifty day moving average price of $95.48 and a 200 day moving average price of $94.45. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 0.79. The company has a market cap of $13.11 billion, a P/E ratio of 23.08, a P/E/G ratio of 2.58 and a beta of 0.36. BJ’s Wholesale Club Holdings, Inc. has a one year low of $86.68 and a one year 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.