BNP Paribas Financial Markets Lowers Holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

BNP Paribas Financial Markets decreased its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 69.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,410 shares of the company's stock after selling 101,437 shares during the quarter. BNP Paribas Financial Markets' holdings in BJ's Wholesale Club were worth $3,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc grew its position in BJ's Wholesale Club by 3.3% in the third quarter. CIBC Asset Management Inc now owns 3,906 shares of the company's stock worth $322,000 after acquiring an additional 123 shares in the last quarter. Fifth Third Bancorp increased its position in shares of BJ's Wholesale Club by 9.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,461 shares of the company's stock valued at $128,000 after purchasing an additional 124 shares during the last quarter. CWM LLC raised its holdings in BJ's Wholesale Club by 7.4% during the 2nd quarter. CWM LLC now owns 1,863 shares of the company's stock valued at $164,000 after buying an additional 128 shares during the period. OLD National Bancorp IN raised its holdings in BJ's Wholesale Club by 2.5% during the 3rd quarter. OLD National Bancorp IN now owns 5,438 shares of the company's stock valued at $449,000 after buying an additional 133 shares during the period. Finally, Riverwater Partners LLC lifted its position in BJ's Wholesale Club by 1.1% in the second quarter. Riverwater Partners LLC now owns 12,951 shares of the company's stock worth $1,138,000 after buying an additional 135 shares during the last quarter. Institutional investors own 98.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Morgan Stanley increased their target price on shares of BJ's Wholesale Club from $90.00 to $98.00 and gave the company an "equal weight" rating in a research note on Friday, November 22nd. UBS Group raised their price objective on shares of BJ's Wholesale Club from $102.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. TD Cowen boosted their target price on BJ's Wholesale Club from $95.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. upgraded BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $76.00 to $78.00 in a research note on Monday, August 26th. Finally, Bank of America decreased their target price on BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, August 23rd. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $93.25.

Insider Buying and Selling

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the sale, the chief executive officer now owns 423,792 shares in the company, valued at approximately $36,221,502.24. The trade was a 2.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.

BJ's Wholesale Club Stock Down 1.2 %

Shares of NYSE BJ traded down $1.12 during trading hours on Thursday, hitting $96.05. 936,015 shares of the stock were exchanged, compared to its average volume of 1,501,187. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $63.74 and a 12 month high of $99.91. The firm has a fifty day moving average price of $88.34 and a 200-day moving average price of $86.44. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The company has a market cap of $12.69 billion, a PE ratio of 23.36, a PEG ratio of 4.53 and a beta of 0.29.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.29. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business's quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 earnings per share. On average, sell-side analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.95 EPS for the current year.

BJ's Wholesale Club Company Profile

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.