Mutual of America Capital Management LLC reduced its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) by 2.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 70,037 shares of the company’s stock after selling 1,687 shares during the quarter. Mutual of America Capital Management LLC’s holdings in BJ’s Wholesale Club were worth $6,258,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in shares of BJ’s Wholesale Club by 7.2% during 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 during the last quarter. Massachusetts Financial Services Co. MA raised its position in BJ’s Wholesale Club by 60.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock valued at $196,929,000 after purchasing an additional 896,263 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in BJ’s Wholesale Club by 4,834.5% in the third quarter. Rockefeller Capital Management L.P. now owns 625,205 shares of the company’s stock worth $51,567,000 after acquiring an additional 612,535 shares during the last quarter. Jennison Associates LLC lifted its position in shares of BJ’s Wholesale Club by 280.5% during the 3rd quarter. Jennison Associates LLC now owns 533,336 shares of the company’s stock worth $43,990,000 after purchasing an additional 393,181 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings 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 worth $408,926,000 after buying an additional 337,217 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the stock a “neutral” rating in a research report on Monday. TD Cowen increased their price objective on BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Morgan Stanley raised 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 note on Friday, November 22nd. Jefferies Financial Group lifted their price target on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Citigroup boosted their price objective on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.24.
BJ’s Wholesale Club Stock Performance
Shares of BJ opened at $99.07 on Tuesday. The company’s 50 day simple moving average is $98.26 and its 200 day simple moving average is $91.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The company has a market capitalization of $13.09 billion, a price-to-earnings ratio of 23.81, a PEG 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.
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.
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