American Century Companies Inc. Raises Stock Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

American Century Companies Inc. lifted its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 66.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 377,036 shares of the company’s stock after purchasing an additional 150,205 shares during the period. American Century Companies Inc. owned 0.29% of BJ’s Wholesale Club worth $33,688,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of BJ. Virtu Financial LLC purchased a new stake in BJ’s Wholesale Club in the fourth quarter worth about $1,023,000. TD Private Client Wealth LLC lifted its stake in shares of BJ’s Wholesale Club by 4.3% in the 4th quarter. TD Private Client Wealth LLC now owns 18,901 shares of the company’s stock valued at $1,689,000 after purchasing an additional 781 shares during the period. Magnetar Financial LLC purchased a new position in shares of BJ’s Wholesale Club in the 4th quarter valued at approximately $904,000. Teacher Retirement System of Texas grew its stake in BJ’s Wholesale Club by 14.4% in the fourth quarter. Teacher Retirement System of Texas now owns 113,943 shares of the company’s stock worth $10,181,000 after purchasing an additional 14,313 shares during the period. Finally, Xponance Inc. raised its holdings in BJ’s Wholesale Club by 7.3% in the fourth quarter. Xponance Inc. now owns 15,491 shares of the company’s stock worth $1,384,000 after purchasing an additional 1,056 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. Loop Capital upped their price objective on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a report on Friday, March 7th. Barclays raised their target price on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. DA Davidson boosted their price target on BJ’s Wholesale Club from $123.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $108.71.

BJ’s Wholesale Club Stock Performance

Shares of NYSE BJ opened at $111.86 on Friday. 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 firm’s 50-day moving average price is $104.94 and its 200-day moving average price is $94.70. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $71.81 and a 52-week high of $118.40. The company has a market cap of $14.73 billion, a PE ratio of 26.89, a PEG ratio of 4.50 and a beta of 0.28.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.07. The company had revenue of $5.28 billion for the quarter, compared to analysts’ expectations 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, analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Buying and Selling at BJ’s Wholesale Club

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

BJ’s Wholesale Club Company 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.