California Public Employees Retirement System Lowers Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

California Public Employees Retirement System cut its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 628,352 shares of the company’s stock after selling 7,871 shares during the period. California Public Employees Retirement System owned about 0.48% of BJ’s Wholesale Club worth $56,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in BJ’s Wholesale Club by 1.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,970 shares of the company’s stock worth $2,389,000 after purchasing an additional 365 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of BJ’s Wholesale Club by 6.0% in the third quarter. Captrust Financial Advisors now owns 6,913 shares of the company’s stock worth $570,000 after buying an additional 392 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of BJ’s Wholesale Club during the third quarter worth $428,000. HighTower Advisors LLC grew its stake in BJ’s Wholesale Club by 6.1% during the third quarter. HighTower Advisors LLC now owns 16,401 shares of the company’s stock valued at $1,347,000 after acquiring an additional 947 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in BJ’s Wholesale Club by 10.0% in the 3rd quarter. Janus Henderson Group PLC now owns 107,652 shares of the company’s stock valued at $8,878,000 after acquiring an additional 9,744 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BJ. The Goldman Sachs Group raised their price objective on BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a research report on Monday, March 10th. UBS Group raised their price target on BJ’s Wholesale Club from $108.00 to $130.00 and gave the company a “buy” rating in a report on Friday, March 7th. Evercore ISI decreased their price objective on BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating on the stock in a report on Tuesday. DA Davidson raised their target price 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $109.94.

BJ’s Wholesale Club Stock Up 0.8 %

Shares of NYSE:BJ opened at $115.00 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $71.81 and a 1 year high of $118.40. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The firm has a market capitalization of $15.14 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. The business has a 50 day simple moving average of $105.68 and a two-hundred day simple moving average of $95.40.

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

Insider Transactions at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP William C. Werner sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total value of $2,208,200.00. Following the completion of the sale, the executive vice president now directly owns 31,308 shares of the company’s stock, valued at $3,456,716.28. The trade was a 38.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Allan Steele sold 11,813 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $107.59, for a total transaction 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 disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

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.