BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System lowered its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 31,415 shares of the company’s stock after selling 100 shares during the quarter. State of Michigan Retirement System’s holdings in BJ’s Wholesale Club were worth $2,807,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in BJ. Wilmington Savings Fund Society FSB acquired a new stake in BJ’s Wholesale Club during the 3rd quarter worth $55,000. UMB Bank n.a. boosted its stake in BJ’s Wholesale Club by 68.2% during the 4th quarter. UMB Bank n.a. now owns 624 shares of the company’s stock worth $56,000 after purchasing an additional 253 shares during the last quarter. Avior Wealth Management LLC boosted its stake in BJ’s Wholesale Club by 151.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,168 shares of the company’s stock worth $104,000 after purchasing an additional 703 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in BJ’s Wholesale Club by 34.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,257 shares of the company’s stock worth $113,000 after purchasing an additional 324 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in BJ’s Wholesale Club by 120.7% during the 4th quarter. Blue Trust Inc. now owns 1,905 shares of the company’s stock worth $157,000 after purchasing an additional 1,042 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Up 3.1 %

Shares of NYSE:BJ opened at $115.85 on Friday. 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 firm has a market capitalization of $15.30 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. The firm’s 50-day moving average is $98.88 and its two-hundred day moving average is $91.43. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $71.81 and a 1 year high of $116.00.

BJ’s Wholesale Club (NYSE:BJ) last issued 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. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.29 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. Analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on BJ. TD Cowen lifted their price target on BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Citigroup lifted their price target on BJ’s Wholesale Club from $101.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday. Morgan Stanley lifted their price target on BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday. DA Davidson lifted their price target on BJ’s Wholesale Club from $123.00 to $130.00 and gave the stock a “buy” rating in a report on Friday. Finally, Loop Capital lifted their price target on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a report on Friday. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $104.65.

BJ’s Wholesale Club 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.