Vanguard Group Inc. Decreases Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Vanguard Group Inc. reduced its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,153,568 shares of the company’s stock after selling 5,664 shares during the quarter. Vanguard Group Inc. owned 9.96% of BJ’s Wholesale Club worth $1,175,271,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in BJ’s Wholesale Club by 7.6% in the third quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company’s stock worth $408,926,000 after acquiring an additional 337,217 shares during the period. State Street Corp increased its stake in shares of BJ’s Wholesale Club by 1.1% during the 3rd quarter. State Street Corp now owns 4,045,590 shares of the company’s stock worth $333,680,000 after purchasing an additional 45,288 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of BJ’s Wholesale Club by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,215,356 shares of the company’s stock worth $182,770,000 after purchasing an additional 34,940 shares during the period. Lord Abbett & CO. LLC lifted its stake in BJ’s Wholesale Club by 11.0% in the third quarter. Lord Abbett & CO. LLC now owns 1,371,169 shares of the company’s stock valued at $113,094,000 after purchasing an additional 136,082 shares during the last quarter. Finally, Boston Trust Walden Corp grew its holdings in BJ’s Wholesale Club by 2.8% during the fourth quarter. Boston Trust Walden Corp now owns 990,094 shares of the company’s stock valued at $88,465,000 after purchasing an additional 27,015 shares during the period. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $112.65 on Friday. The firm has a market capitalization of $14.83 billion, a P/E ratio of 27.08, a P/E/G ratio of 4.50 and a beta of 0.28. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $104.60 and its two-hundred day simple moving average is $94.46. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $71.81 and a twelve month high of $118.40.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. The business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.29 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. As a group, equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling

In other BJ’s Wholesale Club news, EVP William C. Werner sold 20,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total transaction of $2,208,200.00. Following the transaction, the executive vice president now directly owns 31,308 shares of the company’s stock, valued at approximately $3,456,716.28. This trade represents a 38.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert Allan Steele sold 11,813 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the completion of the sale, the director now directly owns 24,351 shares of the company’s stock, valued at $2,619,924.09. This trade represents a 32.67 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Loop Capital boosted their target price on BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “hold” rating in a research note on Friday, March 7th. DA Davidson upped their price objective on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a report on Friday, March 7th. Citigroup lifted their target price on shares of BJ’s Wholesale Club from $101.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, March 7th. Robert W. Baird boosted their price target on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and a consensus price target of $108.71.

BJ’s Wholesale Club Profile

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.