Jennison Associates LLC Trims Holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Jennison Associates LLC decreased its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 80.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,256 shares of the company's stock after selling 431,080 shares during the period. Jennison Associates LLC owned about 0.08% of BJ's Wholesale Club worth $9,137,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BJ. UMB Bank n.a. raised its position in shares of BJ's Wholesale Club by 375.6% in the third quarter. UMB Bank n.a. now owns 371 shares of the company's stock valued at $31,000 after purchasing an additional 293 shares during the period. Reston Wealth Management LLC bought a new stake in BJ's Wholesale Club during the 3rd quarter valued at $41,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of BJ's Wholesale Club during the third quarter worth $55,000. Blue Trust Inc. lifted its position in shares of BJ's Wholesale Club by 198.6% during the third quarter. Blue Trust Inc. now owns 863 shares of the company's stock worth $76,000 after acquiring an additional 574 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of BJ's Wholesale Club by 61.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,205 shares of the company's stock worth $99,000 after acquiring an additional 460 shares during the period. 98.60% of the stock is owned by institutional investors.

BJ's Wholesale Club Price Performance

NYSE:BJ traded down $1.18 during mid-day trading on Friday, reaching $104.46. The stock had a trading volume of 1,960,951 shares, compared to its average volume of 1,430,824. The stock has a market capitalization of $13.80 billion, a P/E ratio of 25.11, a P/E/G ratio of 4.69 and a beta of 0.32. The firm has a 50 day moving average price of $95.79 and a two-hundred day moving average price of $89.08. 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 Holdings, Inc. has a one year low of $66.15 and a one year high of $105.97.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group increased their price objective on BJ's Wholesale Club from $102.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Jefferies Financial Group increased their price target on shares of BJ's Wholesale Club from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Citigroup raised their price objective on shares of BJ's Wholesale Club from $94.00 to $101.00 and gave the company a "neutral" rating in a research report on Wednesday, December 18th. TD Cowen upped 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 report on Thursday, December 12th. Finally, Morgan Stanley raised their price target on shares of 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. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $94.00.

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.