GW&K Investment Management LLC Purchases 105,106 Shares of BJ’s Wholesale Club Holdings, Inc. $BJ

GW&K Investment Management LLC boosted its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 14.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 822,563 shares of the company’s stock after purchasing an additional 105,106 shares during the quarter. GW&K Investment Management LLC’s holdings in BJ’s Wholesale Club were worth $76,704,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky raised its position in shares of BJ’s Wholesale Club by 25.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 138,970 shares of the company’s stock valued at $12,959,000 after buying an additional 28,473 shares during the last quarter. Victory Capital Management Inc. increased its holdings in BJ’s Wholesale Club by 60.1% in the 3rd quarter. Victory Capital Management Inc. now owns 8,225,865 shares of the company’s stock valued at $768,716,000 after acquiring an additional 3,087,151 shares during the last quarter. Rafferty Asset Management LLC lifted its stake in BJ’s Wholesale Club by 3.4% in the 3rd quarter. Rafferty Asset Management LLC now owns 5,801 shares of the company’s stock worth $541,000 after purchasing an additional 192 shares in the last quarter. American Century Companies Inc. lifted its stake in BJ’s Wholesale Club by 8.1% in the 3rd quarter. American Century Companies Inc. now owns 647,094 shares of the company’s stock worth $60,342,000 after purchasing an additional 48,457 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of BJ’s Wholesale Club during the 3rd quarter valued at about $1,115,000. 98.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, EVP William C. Werner sold 7,000 shares of BJ’s Wholesale Club stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $91.09, for a total transaction of $637,630.00. Following the completion of the transaction, the executive vice president directly owned 50,498 shares of the company’s stock, valued at approximately $4,599,862.82. The trade was a 12.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

BJ has been the topic of several research reports. UBS Group reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, November 24th. DA Davidson reaffirmed a “buy” rating and issued a $123.00 price objective on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. Citigroup reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday, February 20th. Melius Research cut shares of 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. Finally, TD Cowen reiterated 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $108.19.

BJ’s Wholesale Club Stock Performance

NYSE:BJ opened at $99.96 on Thursday. The firm has a market capitalization of $13.08 billion, a PE ratio of 23.03, a PEG ratio of 2.58 and a beta of 0.36. The stock’s fifty day moving average is $95.61 and its 200 day moving average is $94.49. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $86.68 and a fifty-two week high of $121.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 0.79.

BJ’s Wholesale Club 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.