Wealthfront Advisers LLC Has $4.84 Million Stock Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Wealthfront Advisers LLC lifted its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 1,462.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 54,208 shares of the company's stock after acquiring an additional 50,738 shares during the period. Wealthfront Advisers LLC's holdings in BJ's Wholesale Club were worth $4,843,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BJ. FMR LLC lifted its holdings in BJ's Wholesale Club by 7.2% in the third quarter. FMR LLC now owns 14,357,118 shares of the company's stock worth $1,184,175,000 after purchasing an additional 966,528 shares during the period. Franklin Resources Inc. lifted its stake in BJ's Wholesale Club by 7.6% during the third quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company's stock valued at $408,926,000 after buying an additional 337,217 shares in the last quarter. State Street Corp lifted its stake in BJ's Wholesale Club by 1.1% during the third quarter. State Street Corp now owns 4,045,590 shares of the company's stock valued at $333,680,000 after buying an additional 45,288 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of BJ's Wholesale Club by 60.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company's stock valued at $196,929,000 after purchasing an additional 896,263 shares during the period. Finally, Geode Capital Management LLC increased 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 valued at $182,770,000 after purchasing an additional 34,940 shares during the period. Institutional investors own 98.60% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Robert W. Baird increased their price objective on BJ's Wholesale Club from $115.00 to $125.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Cowen reissued a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, March 7th. Wells Fargo & Company reissued an "overweight" rating on shares of BJ's Wholesale Club in a research report on Friday, March 7th. Morgan Stanley increased their price objective on BJ's Wholesale Club from $98.00 to $115.00 and gave the company an "equal weight" rating in a research report on Friday, March 7th. Finally, Citigroup raised their target price on BJ's Wholesale Club from $101.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, BJ's Wholesale Club presently has an average rating of "Moderate Buy" and an average price target of $108.71.

BJ's Wholesale Club Price Performance

Shares of NYSE:BJ traded down $0.47 during midday trading on Thursday, reaching $108.09. The company's stock had a trading volume of 2,065,902 shares, compared to its average volume of 1,809,267. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $71.81 and a fifty-two week high of $118.40. The company has a market capitalization of $14.28 billion, a P/E ratio of 25.98, a P/E/G ratio of 4.50 and a beta of 0.28. 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 business's fifty day simple moving average is $100.68 and its 200-day simple moving average is $92.24.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share 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 analyst estimates of $5.29 billion. As a group, equities research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

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.