State Street Corp Has $333.68 Million Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

State Street Corp boosted its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 1.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,045,590 shares of the company's stock after buying an additional 45,288 shares during the period. State Street Corp owned 3.05% of BJ's Wholesale Club worth $333,680,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Blue Trust Inc. acquired a new stake in BJ's Wholesale Club in the 2nd quarter valued at about $25,000. Davis Capital Management acquired a new stake in BJ's Wholesale Club during the third quarter valued at approximately $25,000. UMB Bank n.a. boosted its holdings in BJ's Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company's stock worth $31,000 after buying an additional 293 shares in the last quarter. Reston Wealth Management LLC bought a new stake in BJ's Wholesale Club during the third quarter worth approximately $41,000. Finally, J.Safra Asset Management Corp acquired a new position in BJ's Wholesale Club in the second quarter worth approximately $45,000. Institutional investors and hedge funds own 98.60% of the company's stock.

BJ's Wholesale Club Stock Up 2.4 %

Shares of NYSE BJ traded up $2.31 during trading hours on Tuesday, hitting $97.93. The stock had a trading volume of 2,018,960 shares, compared to its average volume of 1,506,708. The company has a market capitalization of $12.94 billion, a P/E ratio of 22.99, a P/E/G ratio of 4.50 and a beta of 0.29. The firm's 50-day moving average price is $89.16 and its two-hundred day moving average price is $86.79. 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 Holdings, Inc. has a 52 week low of $64.06 and a 52 week high of $99.91.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings results on Thursday, November 21st. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.89 by $0.29. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.12 billion. During the same quarter in the prior year, the business posted $0.98 EPS. BJ's Wholesale Club's quarterly revenue was up 3.5% on a year-over-year basis. Analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.95 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BJ shares. Wells Fargo & Company raised their price objective on BJ's Wholesale Club from $92.00 to $100.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. raised BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $76.00 to $78.00 in a research note on Monday, August 26th. Melius Research started coverage on shares of BJ's Wholesale Club in a research note on Monday, September 23rd. They set a "buy" rating and a $90.00 price objective for the company. Jefferies Financial Group lifted their target price on shares of BJ's Wholesale Club from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Finally, Morgan Stanley upped their price target on shares of BJ's Wholesale Club from $90.00 to $98.00 and gave the company an "equal weight" rating in a research report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $93.25.

Insider Buying and Selling at BJ's Wholesale Club

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the transaction, the chief executive officer now owns 423,792 shares in the company, valued at $36,221,502.24. This trade represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.00% of the company's stock.

BJ's Wholesale Club Profile

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.