Prudential Financial Inc. Has $2.20 Million Stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Prudential Financial Inc. trimmed its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,602 shares of the company's stock after selling 4,872 shares during the period. Prudential Financial Inc.'s holdings in BJ's Wholesale Club were worth $2,198,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BJ. Raymond James Financial Inc. bought a new position in BJ's Wholesale Club during the 4th quarter worth approximately $85,550,000. 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 worth $408,926,000 after purchasing an additional 337,217 shares during the last quarter. American Century Companies Inc. boosted its holdings in BJ's Wholesale Club by 66.2% in the fourth quarter. American Century Companies Inc. now owns 377,036 shares of the company's stock worth $33,688,000 after purchasing an additional 150,205 shares during the period. Lord Abbett & CO. LLC increased its stake in BJ's Wholesale Club by 11.0% during the third quarter. Lord Abbett & CO. LLC now owns 1,371,169 shares of the company's stock valued at $113,094,000 after purchasing an additional 136,082 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of BJ's Wholesale Club during the fourth quarter worth $9,967,000. Institutional investors own 98.60% of the company's stock.

Insider Activity

In other BJ's Wholesale Club news, EVP William C. Werner sold 20,000 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 31,308 shares of the company's stock, valued at approximately $3,456,716.28. This represents a 38.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Allan Steele sold 11,813 shares of BJ's Wholesale Club 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 completion of 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. In the last quarter, insiders sold 326,405 shares of company stock worth $37,201,232. Corporate insiders own 2.00% of the company's stock.

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BJ's Wholesale Club Price Performance

Shares of NYSE BJ traded down $2.33 during mid-day trading on Tuesday, reaching $112.20. 3,251,577 shares of the company traded hands, compared to its average volume of 1,634,993. The stock has a fifty day simple moving average of $107.71 and a 200-day simple moving average of $96.73. 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 cap of $14.77 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $71.81 and a fifty-two week high of $120.43.

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 for the quarter, beating the consensus estimate of $0.86 by $0.07. The business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.29 billion. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. Equities research analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Analysts Set New Price Targets

BJ has been the subject of several research reports. Citigroup raised shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and lifted their price target for the company from $115.00 to $130.00 in a report on Thursday, April 3rd. Loop Capital upped their target price on BJ's Wholesale Club from $95.00 to $110.00 and gave the company a "hold" rating in a report on Friday, March 7th. Cowen reiterated a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, March 7th. DA Davidson boosted their price objective on BJ's Wholesale Club from $123.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Finally, Evercore ISI dropped their target price on BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $110.82.

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.