AXQ Capital LP Invests $613,000 in BJ’s Wholesale Club Holdings, Inc. $BJ

AXQ Capital LP purchased a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the 3rd quarter, Holdings Channel reports. The fund purchased 6,571 shares of the company’s stock, valued at approximately $613,000.

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

Insiders Place Their Bets

In related news, EVP William C. Werner sold 7,000 shares of the company’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $91.09, for a total transaction of $637,630.00. Following the transaction, the executive vice president directly owned 50,498 shares of the company’s stock, valued at $4,599,862.82. This represents a 12.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.40% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Price Performance

NYSE BJ opened at $99.06 on Wednesday. The firm’s fifty day simple moving average is $95.08 and its two-hundred day simple moving average is $94.68. The firm has a market capitalization of $12.96 billion, a P/E ratio of 22.82, a P/E/G ratio of 2.56 and a beta of 0.36. The company has a current ratio of 0.79, a quick ratio of 0.16 and a debt-to-equity ratio of 0.18. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $86.68 and a 12-month high of $121.10.

Analyst Ratings Changes

Several brokerages have weighed in on BJ. Citigroup reiterated a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday. Barclays lowered shares of BJ’s Wholesale Club from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $115.00 to $90.00 in a research note on Wednesday, January 7th. TD Cowen reiterated a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, November 24th. UBS Group restated a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Finally, Melius Research cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research report on Friday, January 23rd. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $107.63.

About BJ’s Wholesale Club

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.