MeadowBrook Investment Advisors LLC Cuts Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

MeadowBrook Investment Advisors LLC decreased its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 17.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,325 shares of the company’s stock after selling 475 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in BJ’s Wholesale Club were worth $208,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. UMB Bank n.a. boosted its position in BJ’s Wholesale Club by 375.6% in the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after purchasing an additional 293 shares during the last quarter. Reston Wealth Management LLC purchased a new position in BJ’s Wholesale Club in the third quarter worth $41,000. Wilmington Savings Fund Society FSB purchased a new position in BJ’s Wholesale Club in the third quarter worth $55,000. Blue Trust Inc. boosted its position in BJ’s Wholesale Club by 198.6% in the third quarter. Blue Trust Inc. now owns 863 shares of the company’s stock worth $76,000 after purchasing an additional 574 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of BJ’s Wholesale Club by 61.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,205 shares of the company’s stock worth $99,000 after acquiring an additional 460 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

BJ has been the subject of several research reports. UBS Group increased their target price on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Citigroup lifted their price objective on BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Morgan Stanley lifted their price objective on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Friday, November 22nd. Jefferies Financial Group lifted their price objective on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, TD Cowen lifted their price objective on BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $94.88.

BJ’s Wholesale Club Trading Up 0.6 %

Shares of NYSE BJ opened at $106.89 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The business’s 50 day moving average price is $96.22 and its 200-day moving average price is $89.33. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $66.96 and a fifty-two week high of $107.29. The company has a market cap of $14.12 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 4.69 and a beta of 0.32.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.29. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

About BJ’s Wholesale Club

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.