California Public Employees Retirement System Sells 482 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

California Public Employees Retirement System lessened its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Rating) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 304,295 shares of the company’s stock after selling 482 shares during the quarter. California Public Employees Retirement System owned approximately 0.22% of BJ’s Wholesale Club worth $20,379,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sageworth Trust Co of South Dakota bought a new stake in shares of BJ’s Wholesale Club during the fourth quarter worth $26,000. Counterpoint Mutual Funds LLC acquired a new position in shares of BJ’s Wholesale Club during the fourth quarter worth $26,000. National Bank of Canada FI acquired a new position in shares of BJ’s Wholesale Club during the fourth quarter worth $31,000. C M Bidwell & Associates Ltd. acquired a new position in shares of BJ’s Wholesale Club during the third quarter worth $42,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of BJ’s Wholesale Club by 108.1% during the fourth quarter. First Horizon Advisors Inc. now owns 793 shares of the company’s stock worth $53,000 after purchasing an additional 412 shares during the period. 99.98% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Kenneth M. Parent sold 35,004 shares of the business’s stock in a transaction dated Tuesday, April 5th. The shares were sold at an average price of $67.42, for a total transaction of $2,359,969.68. Following the completion of the sale, the director now directly owns 14,143 shares of the company’s stock, valued at $953,521.06. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.10% of the company’s stock.

Shares of NYSE BJ opened at $62.34 on Friday. The firm’s 50-day moving average price is $65.50 and its 200-day moving average price is $64.18. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $43.25 and a 1-year high of $74.09. The firm has a market capitalization of $8.43 billion, a P/E ratio of 20.17, a P/E/G ratio of 2.37 and a beta of 0.51. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 1.16.

BJ’s Wholesale Club (NYSE:BJGet Rating) last announced its quarterly earnings data on Thursday, March 3rd. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.05. The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.38 billion. BJ’s Wholesale Club had a net margin of 2.56% and a return on equity of 84.80%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 earnings per share. Equities research analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.27 EPS for the current year.

BJ has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered shares of BJ’s Wholesale Club from an “overweight” rating to an “underweight” rating and cut their price target for the stock from $78.00 to $60.00 in a report on Friday, January 14th. Credit Suisse Group cut their price target on shares of BJ’s Wholesale Club from $80.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, March 4th. Morgan Stanley cut their price target on shares of BJ’s Wholesale Club from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 18th. Zacks Investment Research lowered shares of BJ’s Wholesale Club from a “strong-buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a report on Wednesday, January 19th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of BJ’s Wholesale Club from $74.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, March 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $66.45.

BJ’s Wholesale Club Company Profile (Get Rating)

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, Wellsleyfarms.com, and Delivery.bjs.com as well as the mobile app.

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Institutional Ownership by Quarter for BJ's Wholesale Club (NYSE:BJ)

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