GW&K Investment Management LLC Sells 124,350 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

GW&K Investment Management LLC reduced its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 11.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 990,774 shares of the company’s stock after selling 124,350 shares during the period. BJ’s Wholesale Club comprises approximately 0.8% of GW&K Investment Management LLC’s portfolio, making the stock its 21st biggest holding. GW&K Investment Management LLC owned about 0.75% of BJ’s Wholesale Club worth $88,525,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Reston Wealth Management LLC bought a new stake in shares of BJ’s Wholesale Club in the 3rd quarter valued at about $41,000. UMB Bank n.a. boosted its stake in shares of BJ’s Wholesale Club by 68.2% during the fourth quarter. UMB Bank n.a. now owns 624 shares of the company’s stock valued at $56,000 after purchasing an additional 253 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of BJ’s Wholesale Club in the third quarter worth approximately $55,000. Blue Trust Inc. boosted its position in BJ’s Wholesale Club by 198.6% during the 3rd quarter. Blue Trust Inc. now owns 863 shares of the company’s stock valued at $76,000 after buying an additional 574 shares during the period. Finally, Avior Wealth Management LLC grew its holdings in BJ’s Wholesale Club by 151.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,168 shares of the company’s stock worth $104,000 after acquiring an additional 703 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Stock Performance

Shares of BJ’s Wholesale Club stock opened at $99.80 on Friday. The stock has a market cap of $13.18 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 4.50 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $70.65 and a 1 year high of $108.00. The firm’s 50-day moving average is $97.99 and its 200 day moving average is $90.80.

Analysts Set New Price Targets

Several brokerages have recently commented on BJ. Jefferies Financial Group upped 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 note on Thursday, November 21st. Citigroup increased their price target on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. TD Cowen lifted their price objective on BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Wells Fargo & Company increased their target price on BJ’s Wholesale Club from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Morgan Stanley lifted their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and an average target price of $94.88.

About BJ’s Wholesale Club

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.