Geode Capital Management LLC Lowers Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Geode Capital Management LLC trimmed its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,215,235 shares of the company’s stock after selling 121 shares during the period. Geode Capital Management LLC owned 1.68% of BJ’s Wholesale Club worth $197,994,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Franklin Resources Inc. raised its stake 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 purchasing an additional 504,958 shares in the last quarter. State Street Corp raised its position in shares of BJ’s Wholesale Club by 1.1% during the 3rd quarter. State Street Corp now owns 4,045,590 shares of the company’s stock valued at $333,680,000 after buying an additional 45,288 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of BJ’s Wholesale Club by 2.9% during the 4th quarter. JPMorgan Chase & Co. now owns 2,571,996 shares of the company’s stock worth $229,808,000 after acquiring an additional 73,322 shares during the last quarter. Clearbridge Investments LLC grew its position in BJ’s Wholesale Club by 11.8% in the fourth quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company’s stock worth $208,218,000 after acquiring an additional 245,731 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in BJ’s Wholesale Club by 658.6% in the fourth quarter. Alliancebernstein L.P. now owns 1,523,218 shares of the company’s stock valued at $136,100,000 after acquiring an additional 1,322,425 shares during the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on BJ’s Wholesale Club from $102.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, March 10th. Citigroup upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and increased their price target for the company from $115.00 to $130.00 in a research report on Thursday. TD Cowen boosted their price objective on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays increased their target price on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. Finally, Robert W. Baird boosted their price target on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.82.

BJ’s Wholesale Club Price Performance

BJ stock opened at $115.54 on Monday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $71.81 and a 1 year high of $120.43. The firm has a 50-day moving average of $106.88 and a 200 day moving average of $96.17. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The company has a market cap of $15.21 billion, a P/E ratio of 27.77, a PEG ratio of 4.50 and a beta of 0.54.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. The business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.29 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. On average, sell-side analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insiders Place Their Bets

In related news, EVP William C. Werner sold 14,192 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $117.64, for a total value of $1,669,546.88. Following the transaction, the executive vice president now owns 26,113 shares in the company, valued at $3,071,933.32. The trade was a 35.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Allan Steele sold 11,813 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the sale, the director now owns 24,351 shares of the company’s stock, valued at approximately $2,619,924.09. This represents a 32.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,005 shares of company stock worth $5,148,708. 2.00% of the stock is currently owned by company insiders.

BJ’s Wholesale Club Company Profile

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.