Renaissance Technologies LLC Acquires 156,900 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Renaissance Technologies LLC lifted its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 55.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 442,054 shares of the company's stock after acquiring an additional 156,900 shares during the quarter. Renaissance Technologies LLC owned approximately 0.33% of BJ's Wholesale Club worth $39,498,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of BJ. Clearbridge Investments LLC lifted its position in BJ's Wholesale Club by 11.8% in the 4th quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company's stock valued at $208,218,000 after acquiring an additional 245,731 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of BJ's Wholesale Club during the 3rd quarter valued at about $828,000. Sanctuary Advisors LLC boosted its stake in BJ's Wholesale Club by 129.0% during the third quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company's stock worth $3,215,000 after buying an additional 21,957 shares during the period. Intech Investment Management LLC grew its position in BJ's Wholesale Club by 278.6% in the 4th quarter. Intech Investment Management LLC now owns 53,968 shares of the company's stock valued at $4,822,000 after acquiring an additional 39,713 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its stake 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 purchasing an additional 11,928 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.

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Wall Street Analyst Weigh In

BJ has been the subject of a number of recent analyst reports. Citigroup raised BJ's Wholesale Club from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $115.00 to $130.00 in a research report on Thursday, April 3rd. Morgan Stanley raised their price target on shares of BJ's Wholesale Club from $98.00 to $115.00 and gave the company an "equal weight" rating in a research report on Friday, March 7th. Barclays upped their price target 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 price target on BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. increased their price objective on BJ's Wholesale Club from $87.00 to $101.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, BJ's Wholesale Club has an average rating of "Moderate Buy" and a consensus price target of $110.82.

Insider Buying and Selling

In other BJ's Wholesale Club news, EVP William C. Werner sold 14,192 shares of the firm's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $117.64, for a total transaction of $1,669,546.88. Following the completion of the sale, the executive vice president now owns 26,113 shares of the company's stock, valued at $3,071,933.32. This trade represents a 35.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Allan Steele sold 11,813 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the transaction, the director now directly owns 24,351 shares in the company, 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. Insiders sold 326,405 shares of company stock worth $37,201,232 in the last quarter. 2.00% of the stock is owned by corporate insiders.

BJ's Wholesale Club Price Performance

BJ's Wholesale Club stock traded down $0.72 during midday trading on Wednesday, hitting $118.04. The company's stock had a trading volume of 378,013 shares, compared to its average volume of 1,650,938. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $15.54 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54. The stock's 50-day moving average price is $109.47 and its 200-day moving average price is $98.07. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $71.81 and a 12 month high of $121.10.

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