Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 14.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,103 shares of the company's stock after purchasing an additional 4,133 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in BJ's Wholesale Club were worth $2,958,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BJ. FMR LLC raised its holdings in shares of BJ's Wholesale Club by 7.2% during the 3rd quarter. FMR LLC now owns 14,357,118 shares of the company's stock worth $1,184,175,000 after acquiring an additional 966,528 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of BJ's Wholesale Club during the 4th quarter worth approximately $85,550,000. Massachusetts Financial Services Co. MA raised its holdings in shares of BJ's Wholesale Club by 60.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company's stock worth $196,929,000 after acquiring an additional 896,263 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in BJ's Wholesale Club by 4,834.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 625,205 shares of the company's stock valued at $51,567,000 after buying an additional 612,535 shares during the period. Finally, Jennison Associates LLC raised its holdings in BJ's Wholesale Club by 280.5% during the 3rd quarter. Jennison Associates LLC now owns 533,336 shares of the company's stock valued at $43,990,000 after buying an additional 393,181 shares during the period. 98.60% of the stock is currently owned by institutional investors.

Remove Ads

BJ's Wholesale Club Stock Down 1.4 %

Shares of BJ traded down $1.56 during midday trading on Tuesday, reaching $110.62. 1,116,164 shares of the stock were exchanged, compared to its average volume of 1,556,480. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $71.81 and a 52 week high of $118.40. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The company's 50 day moving average is $102.32 and its two-hundred day moving average is $93.12. The company has a market capitalization of $14.61 billion, a P/E ratio of 26.59, a PEG ratio of 4.50 and a beta of 0.28.

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

Insider Activity at BJ's Wholesale Club

In other BJ's Wholesale Club news, Director Robert Allan Steele sold 11,813 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $107.59, for a total value of $1,270,960.67. Following the completion of the sale, the director now directly owns 24,351 shares in the company, valued at approximately $2,619,924.09. This trade represents a 32.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BJ. Jefferies Financial Group increased their price target on BJ's Wholesale Club from $105.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Cowen restated a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, March 7th. Morgan Stanley increased their price target on BJ's Wholesale Club from $98.00 to $115.00 and gave the company an "equal weight" rating in a report on Friday, March 7th. The Goldman Sachs Group increased their price target on BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a report on Monday, March 10th. Finally, Citigroup upped their price objective on BJ's Wholesale Club from $101.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, BJ's Wholesale Club currently has a consensus rating of "Moderate Buy" and a consensus target price of $108.71.

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.