BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Stock Position Raised by Congress Asset Management Co.

Congress Asset Management Co. increased its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 18.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 218,957 shares of the company's stock after acquiring an additional 33,886 shares during the period. Congress Asset Management Co. owned approximately 0.17% of BJ's Wholesale Club worth $19,564,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC boosted its position in BJ's Wholesale Club by 13.5% during the third quarter. CWM LLC now owns 2,114 shares of the company's stock worth $174,000 after purchasing an additional 251 shares in the last quarter. Creative Planning lifted its position in shares of BJ's Wholesale Club by 37.4% in the third quarter. Creative Planning now owns 12,771 shares of the company's stock valued at $1,053,000 after acquiring an additional 3,473 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of BJ's Wholesale Club by 4.7% in the third quarter. Bleakley Financial Group LLC now owns 10,953 shares of the company's stock valued at $903,000 after acquiring an additional 487 shares in the last quarter. Blue Trust Inc. lifted its position in shares of BJ's Wholesale Club by 198.6% in the third quarter. Blue Trust Inc. now owns 863 shares of the company's stock valued at $76,000 after acquiring an additional 574 shares in the last quarter. Finally, First Citizens Bank & Trust Co. lifted its position in shares of BJ's Wholesale Club by 5.9% in the third quarter. First Citizens Bank & Trust Co. now owns 2,999 shares of the company's stock valued at $247,000 after acquiring an additional 166 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Morgan Stanley upped their price objective on BJ's Wholesale Club from $90.00 to $98.00 and gave the company an "equal weight" rating in a research report on Friday, November 22nd. TD Cowen upped their price objective on BJ's Wholesale Club from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Roth Mkm upped their target price on BJ's Wholesale Club from $75.00 to $87.00 and gave the company a "neutral" rating in a research note on Monday, November 25th. UBS Group upped their target price on BJ's Wholesale Club from $102.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Finally, Wells Fargo & Company upped their target price on BJ's Wholesale Club from $100.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. 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.com, BJ's Wholesale Club has a consensus rating of "Moderate Buy" and an average target price of $94.88.

BJ's Wholesale Club Stock Performance

NYSE:BJ traded up $0.43 during trading hours on Wednesday, reaching $105.63. 390,930 shares of the stock were exchanged, compared to its average volume of 1,485,998. 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 firm has a 50 day simple moving average of $97.19 and a 200-day simple moving average of $89.98. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $68.36 and a 52 week high of $108.00. The stock has a market capitalization of $13.95 billion, a P/E ratio of 25.40, a P/E/G ratio of 4.70 and a beta of 0.32.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.29. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter last year, the business posted $0.98 EPS. The business's revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share 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.