Renaissance Group LLC Sells 10,273 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Renaissance Group LLC lowered its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 394,230 shares of the company's stock after selling 10,273 shares during the period. BJ's Wholesale Club comprises about 1.5% of Renaissance Group LLC's investment portfolio, making the stock its 26th biggest holding. Renaissance Group LLC owned 0.30% of BJ's Wholesale Club worth $35,243,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of BJ. Renaissance Technologies LLC boosted its position in BJ's Wholesale Club by 55.0% during the fourth quarter. Renaissance Technologies LLC now owns 442,054 shares of the company's stock valued at $39,498,000 after purchasing an additional 156,900 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of BJ's Wholesale Club by 12.5% during the 4th quarter. Bank of Montreal Can now owns 16,454 shares of the company's stock valued at $1,470,000 after buying an additional 1,826 shares during the last quarter. Aster Capital Management DIFC Ltd grew its stake in shares of BJ's Wholesale Club by 770.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,140 shares of the company's stock valued at $102,000 after buying an additional 1,009 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in BJ's Wholesale Club by 151.8% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 19,784 shares of the company's stock worth $1,768,000 after buying an additional 11,928 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new position in BJ's Wholesale Club in the fourth quarter worth approximately $1,821,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several analysts have commented on BJ shares. Barclays boosted their target price 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. Robert W. Baird increased their target price on shares of BJ's Wholesale Club from $115.00 to $125.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. UBS Group raised their target price on BJ's Wholesale Club from $108.00 to $130.00 and gave the company a "buy" rating in a report on Friday, March 7th. Argus upgraded BJ's Wholesale Club to a "hold" rating in a research note on Friday, April 4th. Finally, The Goldman Sachs Group raised their price objective on BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Seven 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 presently has an average rating of "Moderate Buy" and an average target price of $110.82.

Insider Activity at BJ's Wholesale Club

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 280,400 shares of the company's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $114.31, for a total value of $32,052,524.00. Following the sale, the chief executive officer now directly owns 422,033 shares in the company, valued at $48,242,592.23. This represents a 39.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP William C. Werner sold 20,000 shares of BJ's Wholesale Club stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total value of $2,208,200.00. Following the transaction, the executive vice president now directly owns 31,308 shares of the company's stock, valued at approximately $3,456,716.28. The trade was a 38.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 326,405 shares of company stock valued at $37,201,232 over the last quarter. 2.00% of the stock is owned by company insiders.

BJ's Wholesale Club Stock Performance

BJ's Wholesale Club stock traded down $0.17 during trading hours on Friday, hitting $117.13. The stock had a trading volume of 2,649,117 shares, compared to its average volume of 1,654,457. The company has a 50-day moving average of $108.90 and a two-hundred day moving average of $97.66. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. BJ's Wholesale Club Holdings, Inc. has a fifty-two week low of $71.81 and a fifty-two week high of $120.43. The company has a market cap of $15.42 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.29 billion. On average, equities research analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS 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.