HighTower Advisors LLC cut its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,050 shares of the company’s stock after selling 5,288 shares during the quarter. HighTower Advisors LLC’s holdings in BJ’s Wholesale Club were worth $2,987,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of BJ. Cullen Frost Bankers Inc. acquired a new stake in BJ’s Wholesale Club during the 3rd quarter worth approximately $44,000. Assetmark Inc. acquired a new stake in BJ’s Wholesale Club during the 3rd quarter worth approximately $53,000. Point72 Hong Kong Ltd acquired a new stake in BJ’s Wholesale Club during the 1st quarter worth approximately $50,000. Cambridge Trust Co. lifted its holdings in BJ’s Wholesale Club by 39.5% during the 4th quarter. Cambridge Trust Co. now owns 749 shares of the company’s stock worth $50,000 after purchasing an additional 212 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in BJ’s Wholesale Club by 1,723.9% during the 3rd quarter. IFP Advisors Inc now owns 839 shares of the company’s stock worth $34,000 after purchasing an additional 793 shares during the last quarter. 93.72% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have weighed in on BJ shares. Robert W. Baird lifted their price objective on BJ’s Wholesale Club from $85.00 to $90.00 in a report on Friday, March 10th. JPMorgan Chase & Co. dropped their price objective on BJ’s Wholesale Club from $67.00 to $65.00 in a report on Friday, May 12th. Evercore ISI lifted their price target on BJ’s Wholesale Club from $75.00 to $80.00 in a research note on Friday, March 10th. Roth Capital reiterated a “neutral” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on BJ’s Wholesale Club from $89.00 to $93.00 in a research note on Friday, March 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BJ’s Wholesale Club currently has an average rating of “Hold” and an average price target of $76.81.
Insiders Place Their Bets
BJ’s Wholesale Club Price Performance
Shares of NYSE BJ opened at $70.13 on Monday. The stock has a fifty day simple moving average of $74.80 and a two-hundred day simple moving average of $72.85. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $51.45 and a 1-year high of $80.41. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 1.94 and a beta of 0.48. The company has a current ratio of 0.67, a quick ratio of 0.13 and a debt-to-equity ratio of 0.43.
BJ’s Wholesale Club (NYSE:BJ – Get Rating) last announced its quarterly earnings data on Thursday, March 9th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.11. BJ’s Wholesale Club had a return on equity of 60.16% and a net margin of 2.66%. The business had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the company earned $0.80 earnings per share. BJ’s Wholesale Club’s revenue was up 13.1% compared to the same quarter last year. Analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.94 earnings per share for the current 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.
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