BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 17.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,290,954 shares of the company's stock after selling 1,148,404 shares during the quarter. BJ's Wholesale Club comprises approximately 0.5% of Victory Capital Management Inc.'s portfolio, making the stock its 24th biggest position. Victory Capital Management Inc. owned about 4.01% of BJ's Wholesale Club worth $472,747,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. UMB Bank n.a. raised its position in BJ's Wholesale Club by 68.2% during the 4th quarter. UMB Bank n.a. now owns 624 shares of the company's stock worth $56,000 after buying an additional 253 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in BJ's Wholesale Club during the third quarter worth about $55,000. Avior Wealth Management LLC raised its holdings in BJ's Wholesale Club by 151.2% during the fourth quarter. Avior Wealth Management LLC now owns 1,168 shares of the company's stock worth $104,000 after purchasing an additional 703 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in BJ's Wholesale Club by 34.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,257 shares of the company's stock valued at $113,000 after purchasing an additional 324 shares during the period. Finally, Blue Trust Inc. boosted its holdings in BJ's Wholesale Club by 120.7% in the 4th quarter. Blue Trust Inc. now owns 1,905 shares of the company's stock valued at $157,000 after purchasing an additional 1,042 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BJ shares. Roth Mkm increased their target price on BJ's Wholesale Club from $75.00 to $87.00 and gave the stock a "neutral" rating in a research note on Monday, November 25th. Morgan Stanley raised their target price on BJ's Wholesale Club from $90.00 to $98.00 and gave the company an "equal weight" rating in a report on Friday, November 22nd. Wells Fargo & Company upped their price target on shares of BJ's Wholesale Club from $100.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. TD Cowen boosted their price objective on shares of BJ's Wholesale Club from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group increased their target price on shares of BJ's Wholesale Club from $105.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $96.24.

BJ's Wholesale Club Price Performance

BJ stock traded up $11.96 during trading on Thursday, hitting $112.05. The stock had a trading volume of 5,450,910 shares, compared to its average volume of 1,670,612. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $71.81 and a 1-year high of $113.80. The stock has a market cap of $14.80 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. The company's 50 day moving average price is $98.53 and its two-hundred day moving average price is $91.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings data 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. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. On average, sell-side analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

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.