Massachusetts Financial Services Co. MA Boosts Stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Massachusetts Financial Services Co. MA increased its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,486,903 shares of the company's stock after purchasing an additional 99,311 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.88% of BJ's Wholesale Club worth $222,205,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of BJ. Norges Bank acquired a new position in shares of BJ's Wholesale Club during the 4th quarter worth approximately $135,344,000. Alliancebernstein L.P. grew its position in shares of BJ's Wholesale Club by 658.6% during the 4th quarter. Alliancebernstein L.P. now owns 1,523,218 shares of the company's stock worth $136,100,000 after purchasing an additional 1,322,425 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of BJ's Wholesale Club during the 4th quarter valued at $85,550,000. Franklin Resources Inc. lifted its position in BJ's Wholesale Club by 10.6% during the fourth quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company's stock worth $470,775,000 after purchasing an additional 504,958 shares during the period. Finally, Clearbridge Investments LLC boosted its position in shares of BJ's Wholesale Club by 11.8% during the 4th quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company's stock worth $208,218,000 after acquiring an additional 245,731 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

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Insider Transactions at BJ's Wholesale Club

In related news, CEO Robert W. Eddy sold 280,400 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the transaction, the chief executive officer now owns 422,033 shares of the company's stock, valued at approximately $48,242,592.23. This trade represents a 39.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Allan Steele sold 11,813 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the sale, the director now owns 24,351 shares of the company's stock, valued at $2,619,924.09. This represents a 32.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 326,405 shares of company stock valued at $37,201,232. 2.00% of the stock is owned by corporate insiders.

BJ's Wholesale Club Stock Performance

Shares of NYSE BJ traded up $1.02 during trading on Wednesday, reaching $113.01. 4,036,934 shares of the stock traded hands, compared to its average volume of 1,645,583. The stock has a market capitalization of $14.88 billion, a P/E ratio of 27.17, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54. 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 company has a 50-day moving average of $108.25 and a 200-day moving average of $97.06. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $71.81 and a 52-week high of $120.43.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company had revenue of $5.28 billion during the quarter, compared to analysts' expectations of $5.29 billion. Analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BJ has been the topic of a number of recent analyst reports. Barclays lifted their target price on BJ's Wholesale Club from $80.00 to $115.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Citigroup raised BJ's Wholesale Club from a "neutral" rating to a "buy" rating and increased their price target for the company from $115.00 to $130.00 in a research note on Thursday, April 3rd. JPMorgan Chase & Co. boosted their target price on shares of BJ's Wholesale Club from $87.00 to $101.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Evercore ISI reduced their price objective on shares of BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Finally, DA Davidson increased their price target on BJ's Wholesale Club from $123.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $110.82.

BJ's Wholesale Club Company 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.