Charles Schwab Investment Management Inc. Grows Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Charles Schwab Investment Management Inc. raised its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 846,848 shares of the company's stock after acquiring an additional 7,747 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.64% of BJ's Wholesale Club worth $75,666,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of BJ. FMR LLC grew its stake in shares of 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 acquiring an additional 966,528 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of BJ's Wholesale Club by 60.1% during the third 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 in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of BJ's Wholesale Club by 4,834.5% during the third quarter. Rockefeller Capital Management L.P. now owns 625,205 shares of the company's stock valued at $51,567,000 after purchasing an additional 612,535 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of BJ's Wholesale Club by 280.5% during the third quarter. Jennison Associates LLC now owns 533,336 shares of the company's stock valued at $43,990,000 after purchasing an additional 393,181 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of 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 purchasing an additional 337,217 shares in the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BJ. Wells Fargo & Company reaffirmed an "overweight" rating on shares of BJ's Wholesale Club in a report on Friday, March 7th. TD Cowen upped their price target on BJ's Wholesale Club from $110.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, December 12th. The Goldman Sachs Group upped their price target on BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a report on Monday. Barclays increased their target price on BJ's Wholesale Club from $80.00 to $115.00 and gave the company an "equal weight" rating in a report on Monday. Finally, JPMorgan Chase & Co. increased their target price on BJ's Wholesale Club from $87.00 to $101.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $108.71.

BJ's Wholesale Club Price Performance

Shares of NYSE:BJ traded down $0.47 during trading on Thursday, hitting $108.09. 2,065,902 shares of the company's stock were exchanged, compared to its average volume of 1,809,267. 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 52-week low of $71.81 and a 52-week high of $118.40. The business's 50-day simple moving average is $100.68 and its 200 day simple moving average is $92.24. The company has a market cap of $14.28 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 4.50 and a beta of 0.28.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released 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. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.28 billion during the quarter, compared to analysts' expectations of $5.29 billion. As a group, equities analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

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.