BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 80.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,256 shares of the company’s stock after selling 431,080 shares during the period. Jennison Associates LLC’s holdings in BJ’s Wholesale Club were worth $9,137,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in BJ’s Wholesale Club by 7.2% in the third quarter. FMR LLC now owns 14,357,118 shares of the company’s stock valued at $1,184,175,000 after acquiring an additional 966,528 shares in the last quarter. Victory Capital Management Inc. lifted its stake in BJ’s Wholesale Club by 3.5% in the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock valued at $531,118,000 after buying an additional 217,385 shares during the last quarter. Franklin Resources Inc. boosted its stake in BJ’s Wholesale Club by 7.6% during the 3rd quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company’s stock valued at $408,926,000 after purchasing an additional 337,217 shares during the period. State Street Corp boosted its position in shares of BJ’s Wholesale Club by 1.1% during the third quarter. State Street Corp now owns 4,045,590 shares of the company’s stock worth $333,680,000 after buying an additional 45,288 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in 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 during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $104.83 on Thursday. The firm has a 50-day moving average of $95.44 and a 200-day moving average of $88.88. The company has a market cap of $13.85 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 4.66 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. BJ’s Wholesale Club Holdings, Inc. has a one year low of $65.04 and a one year high of $104.94.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.29. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.12 billion. During the same quarter last year, the company earned $0.98 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on BJ shares. TD Cowen increased their price target on BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Roth Mkm lifted their target price on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. UBS Group upped their price target on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Jefferies Financial Group increased their target price on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Morgan Stanley raised their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.00.

BJ’s Wholesale Club Profile

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