River Road Asset Management LLC Reduces Stock Holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

River Road Asset Management LLC lessened its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,789,185 shares of the company's stock after selling 85,893 shares during the period. BJ's Wholesale Club makes up about 3.3% of River Road Asset Management LLC's portfolio, making the stock its largest holding. River Road Asset Management LLC owned approximately 2.11% of BJ's Wholesale Club worth $249,214,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its stake in BJ's Wholesale Club by 7.2% in the 3rd quarter. FMR LLC now owns 14,357,118 shares of the company's stock valued at $1,184,175,000 after purchasing an additional 966,528 shares during the last quarter. Raymond James Financial Inc. bought a new position in BJ's Wholesale Club in the 4th quarter valued at approximately $85,550,000. Massachusetts Financial Services Co. MA lifted its stake in BJ's Wholesale Club by 60.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company's stock valued at $196,929,000 after purchasing an additional 896,263 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in BJ's Wholesale Club by 4,834.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 625,205 shares of the company's stock valued at $51,567,000 after purchasing an additional 612,535 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in BJ's Wholesale Club by 280.5% in the 3rd quarter. Jennison Associates LLC now owns 533,336 shares of the company's stock valued at $43,990,000 after purchasing an additional 393,181 shares during the last quarter. Institutional investors own 98.60% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. DA Davidson upped their price target on shares of BJ's Wholesale Club from $123.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, March 7th. The Goldman Sachs Group upped their price target on shares of BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a research report on Monday. Morgan Stanley upped 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. Loop Capital upped their price target on shares of BJ's Wholesale Club from $95.00 to $110.00 and gave the company a "hold" rating in a research report on Friday, March 7th. Finally, TD Cowen upped their price target on shares of BJ's Wholesale Club from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $108.71.

BJ's Wholesale Club Stock Down 0.4 %

NYSE:BJ traded down $0.47 during trading hours on Thursday, reaching $108.09. The company had a trading volume of 2,065,902 shares, compared to its average volume of 1,809,267. 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 firm has a market cap of $14.28 billion, a price-to-earnings ratio of 25.98, a P/E/G ratio of 4.50 and a beta of 0.28. The business's 50-day simple moving average is $100.68 and its two-hundred day simple moving average is $92.24. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $71.81 and a twelve month high of $118.40.

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

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.