Franklin Resources Inc. Has $408.93 Million Stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Franklin Resources Inc. increased its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 7.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,763,931 shares of the company's stock after buying an additional 337,217 shares during the period. Franklin Resources Inc. owned about 3.59% of BJ's Wholesale Club worth $408,926,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BJ. CIBC Asset Management Inc grew its stake in BJ's Wholesale Club by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 3,906 shares of the company's stock worth $322,000 after buying an additional 123 shares during the last quarter. Fifth Third Bancorp raised its position in BJ's Wholesale Club by 9.3% during the second quarter. Fifth Third Bancorp now owns 1,461 shares of the company's stock valued at $128,000 after buying an additional 124 shares during the period. CWM LLC lifted its position in shares of BJ's Wholesale Club by 7.4% in the second quarter. CWM LLC now owns 1,863 shares of the company's stock worth $164,000 after purchasing an additional 128 shares in the last quarter. OLD National Bancorp IN boosted its stake in shares of 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, Integrated Wealth Concepts LLC boosted its position in BJ's Wholesale Club by 5.2% during the third quarter. Integrated Wealth Concepts LLC now owns 2,710 shares of the company's stock valued at $224,000 after purchasing an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.

Insider Activity

In related news, CEO Robert W. Eddy sold 11,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 423,792 shares in the company, valued at approximately $36,221,502.24. This trade represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on BJ shares. TD Cowen boosted their target price on shares of BJ's Wholesale Club from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. upgraded shares of BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Wells Fargo & Company upped their target price on BJ's Wholesale Club from $92.00 to $100.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th. Jefferies Financial Group increased their target price on BJ's Wholesale Club from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, Bank of America reduced their price target on shares of BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, August 23rd. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, BJ's Wholesale Club currently has an average rating of "Moderate Buy" and an average target price of $93.56.

BJ's Wholesale Club Trading Down 1.0 %

NYSE:BJ traded down $0.99 during trading hours on Friday, hitting $97.54. The stock had a trading volume of 1,072,921 shares, compared to its average volume of 1,506,557. The business's 50 day moving average is $90.22 and its 200-day moving average is $87.09. The company has a market cap of $12.88 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 4.69 and a beta of 0.29. BJ's Wholesale Club Holdings, Inc. has a one year low of $64.06 and a one year high of $100.74. 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 issued its quarterly earnings data on Thursday, November 21st. The company reported $1.18 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 firm's revenue was up 3.5% compared to the same quarter last year. Sell-side analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.95 EPS for the current fiscal year.

About BJ's Wholesale Club

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.