BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC lowered its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,968 shares of the company’s stock after selling 1,312 shares during the quarter. New York Life Investment Management LLC’s holdings in BJ’s Wholesale Club were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BJ. FMR LLC lifted its stake 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 worth $1,184,175,000 after purchasing an additional 966,528 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of BJ’s Wholesale Club by 3.5% during the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after purchasing an additional 217,385 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of BJ’s Wholesale Club by 7.6% during the third quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company’s stock worth $408,926,000 after purchasing an additional 337,217 shares in the last quarter. State Street Corp lifted its stake 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 purchasing an additional 45,288 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of BJ’s Wholesale Club by 60.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock worth $196,929,000 after purchasing an additional 896,263 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BJ. JPMorgan Chase & Co. lifted their target price on BJ’s Wholesale Club from $87.00 to $101.00 and gave the stock a “neutral” rating in a research report on Monday. Morgan Stanley lifted their target price on 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. Roth Mkm lifted their target price on 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. Jefferies Financial Group lifted their target price on 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, TD Cowen lifted their target price 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. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $96.24.

BJ’s Wholesale Club Stock Down 2.2 %

NYSE:BJ opened at $99.07 on Tuesday. The firm has a market capitalization of $13.09 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 4.50 and a beta of 0.32. The stock has a 50 day moving average of $98.26 and a 200-day moving average of $91.12. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $70.65 and a 52 week high of $108.00. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23.

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.