Truist Financial Corp Cuts Stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Truist Financial Corp lessened its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 136,711 shares of the company's stock after selling 4,689 shares during the period. Truist Financial Corp owned about 0.10% of BJ's Wholesale Club worth $12,215,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BJ. Reston Wealth Management LLC bought a new position in shares of BJ's Wholesale Club in the third quarter valued at approximately $41,000. UMB Bank n.a. lifted its position in BJ's Wholesale Club by 68.2% during the fourth quarter. UMB Bank n.a. now owns 624 shares of the company's stock valued at $56,000 after purchasing an additional 253 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in BJ's Wholesale Club during the third quarter valued at approximately $55,000. Blue Trust Inc. lifted its holdings in shares of BJ's Wholesale Club by 198.6% in the 3rd quarter. Blue Trust Inc. now owns 863 shares of the company's stock worth $76,000 after acquiring an additional 574 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in shares of BJ's Wholesale Club by 151.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,168 shares of the company's stock worth $104,000 after acquiring an additional 703 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Stock Performance

BJ's Wholesale Club stock traded down $2.16 during midday trading on Friday, hitting $101.44. The stock had a trading volume of 1,653,687 shares, compared to its average volume of 1,514,770. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. BJ's Wholesale Club Holdings, Inc. has a 52-week low of $68.53 and a 52-week high of $108.00. The firm's fifty day moving average is $97.41 and its two-hundred day moving average is $90.18. The company has a market capitalization of $13.40 billion, a PE ratio of 24.38, a P/E/G ratio of 4.68 and a beta of 0.32.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings data on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.29. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.12 billion. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company's revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $0.98 EPS. On average, research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BJ. UBS Group lifted their target price on shares of BJ's Wholesale Club from $102.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. TD Cowen boosted their target price on shares of BJ's Wholesale Club from $110.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Roth Mkm upped their price target on shares of BJ's Wholesale Club from $75.00 to $87.00 and gave the stock a "neutral" rating in a research note on Monday, November 25th. Morgan Stanley upped their target price on shares of BJ's Wholesale Club from $90.00 to $98.00 and gave the company an "equal weight" rating in a research note on Friday, November 22nd. Finally, Jefferies Financial Group upped their target price on shares of BJ's Wholesale Club from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $94.88.

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.