NewEdge Wealth LLC Lowers Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

NewEdge Wealth LLC lessened its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 3.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,410 shares of the company’s stock after selling 1,502 shares during the period. NewEdge Wealth LLC’s holdings in BJ’s Wholesale Club were worth $4,057,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Reston Wealth Management LLC purchased a new stake in shares of BJ’s Wholesale Club in the third quarter worth $41,000. UMB Bank n.a. grew its position in BJ’s Wholesale Club by 68.2% in the fourth quarter. UMB Bank n.a. now owns 624 shares of the company’s stock worth $56,000 after acquiring an additional 253 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in BJ’s Wholesale Club in the third quarter worth $55,000. Blue Trust Inc. grew its position in BJ’s Wholesale Club by 198.6% in the third quarter. Blue Trust Inc. now owns 863 shares of the company’s stock worth $76,000 after acquiring an additional 574 shares in the last quarter. Finally, Avior Wealth Management LLC grew its position in BJ’s Wholesale Club by 151.2% in the fourth quarter. Avior Wealth Management LLC now owns 1,168 shares of the company’s stock worth $104,000 after acquiring an additional 703 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock opened at $99.80 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average of $97.99 and a 200-day moving average of $90.80. The firm has a market cap of $13.18 billion, a P/E ratio of 23.99, a P/E/G ratio of 4.50 and a beta of 0.32. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $70.65 and a 1-year high of $108.00.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. UBS Group upped their target price on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Jefferies Financial Group upped 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. Morgan Stanley upped their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Wells Fargo & Company upped their price target on shares of BJ’s Wholesale Club from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, Citigroup upped their price target on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and a consensus price target of $94.88.

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.