Rockefeller Capital Management L.P. Boosts Holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Rockefeller Capital Management L.P. increased its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 682,616 shares of the company's stock after acquiring an additional 57,411 shares during the period. Rockefeller Capital Management L.P. owned about 0.52% of BJ's Wholesale Club worth $60,992,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. raised its holdings in BJ's Wholesale Club by 10.6% in the fourth quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company's stock valued at $470,775,000 after acquiring an additional 504,958 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in BJ's Wholesale Club by 2.9% in the fourth quarter. JPMorgan Chase & Co. now owns 2,571,996 shares of the company's stock valued at $229,808,000 after buying an additional 73,322 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in BJ's Wholesale Club by 4.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,486,903 shares of the company's stock worth $222,205,000 after buying an additional 99,311 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of 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 during the last quarter. Finally, Geode Capital Management LLC lifted its stake in BJ's Wholesale Club by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,215,356 shares of the company's stock worth $182,770,000 after purchasing an additional 34,940 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robert Allan Steele sold 11,813 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the director now owns 24,351 shares of the company's stock, valued at $2,619,924.09. The trade was a 32.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert W. Eddy sold 280,400 shares of the firm'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 sale, the chief executive officer now owns 422,033 shares in the company, valued at approximately $48,242,592.23. This trade represents a 39.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 328,505 shares of company stock worth $37,452,686 in the last three months. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on BJ shares. Barclays boosted 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. DA Davidson raised their price objective 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. JPMorgan Chase & Co. boosted their target price on BJ's Wholesale Club from $87.00 to $101.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Wells Fargo & Company reiterated an "overweight" rating on shares of BJ's Wholesale Club in a research note on Friday, March 7th. Finally, Argus upgraded shares of BJ's Wholesale Club to a "hold" rating in a research report on Friday, April 4th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $110.82.

BJ's Wholesale Club Price Performance

NYSE:BJ traded up $2.74 during trading hours on Friday, hitting $118.57. The company's stock had a trading volume of 1,883,776 shares, compared to its average volume of 1,652,378. The company has a market capitalization of $15.61 billion, a PE ratio of 28.50, a PEG ratio of 4.50 and a beta of 0.54. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $71.81 and a 52-week high of $121.10. The business's 50-day moving average is $109.94 and its two-hundred day moving average is $98.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76.

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, topping analysts' consensus estimates of $0.86 by $0.07. The business had revenue of $5.28 billion for the quarter, compared to analysts' expectations of $5.29 billion. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. As a group, research analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

About BJ's Wholesale Club

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.