MetLife Investment Management LLC Boosts Stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

MetLife Investment Management LLC boosted its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,728 shares of the company's stock after acquiring an additional 6,153 shares during the period. MetLife Investment Management LLC owned 0.06% of BJ's Wholesale Club worth $6,677,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. grew its holdings in shares of BJ's Wholesale Club by 0.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company's stock valued at $1,787,000 after purchasing an additional 105 shares during the period. Lifestyle Asset Management Inc. boosted its holdings in BJ's Wholesale Club by 0.8% in the 4th quarter. Lifestyle Asset Management Inc. now owns 13,329 shares of the company's stock valued at $1,191,000 after purchasing an additional 108 shares during the last quarter. Gateway Investment Advisers LLC grew its stake in shares of BJ's Wholesale Club by 0.7% in the 4th quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company's stock valued at $1,353,000 after buying an additional 111 shares during the period. Covestor Ltd increased its holdings in shares of BJ's Wholesale Club by 66.5% during the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after buying an additional 115 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of BJ's Wholesale Club by 4.6% during the 4th quarter. Venturi Wealth Management LLC now owns 2,983 shares of the company's stock valued at $267,000 after buying an additional 132 shares during the period. Institutional investors and hedge funds own 98.60% of the company's stock.

BJ's Wholesale Club Price Performance

BJ stock opened at $115.23 on Wednesday. BJ's Wholesale Club Holdings, Inc. has a 1 year low of $73.70 and a 1 year high of $121.10. The firm has a market capitalization of $15.17 billion, a P/E ratio of 27.70, a P/E/G 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 business's 50-day moving average is $110.49 and its two-hundred day moving average is $99.18.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $5.29 billion. Analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Transactions at BJ's Wholesale Club

In related news, CEO Robert W. Eddy sold 280,400 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the completion of the sale, the chief executive officer now owns 422,033 shares in the company, valued at $48,242,592.23. The trade was a 39.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joseph Mcgrail sold 2,100 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total transaction of $251,454.00. Following the completion of the transaction, the senior vice president now owns 14,240 shares in the company, valued at $1,705,097.60. This represents a 12.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 328,505 shares of company stock valued at $37,452,686. Insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on BJ shares. DA Davidson raised their target price on BJ's Wholesale Club from $123.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Cowen restated a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, March 7th. Evercore ISI lowered their target price 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 note on Tuesday, April 1st. Robert W. Baird boosted their price target on shares of BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Finally, Barclays increased their price objective on shares of BJ's Wholesale Club from $80.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Monday, March 10th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, BJ's Wholesale Club currently 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.

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