BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Stock Holdings Lifted by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 6.1% in the 4th quarter, Holdings Channel reports. The fund owned 18,530 shares of the company’s stock after buying an additional 1,062 shares during the period. Pictet Asset Management Holding SA’s holdings in BJ’s Wholesale Club were worth $1,656,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of BJ’s Wholesale Club in the fourth quarter worth $135,344,000. Blair William & Co. IL lifted its stake in BJ’s Wholesale Club by 32.6% in the 4th quarter. Blair William & Co. IL now owns 413,495 shares of the company’s stock worth $36,946,000 after acquiring an additional 101,625 shares in the last quarter. JPMorgan Chase & Co. boosted its position in BJ’s Wholesale Club by 2.9% during the 4th quarter. JPMorgan Chase & Co. now owns 2,571,996 shares of the company’s stock worth $229,808,000 after acquiring an additional 73,322 shares during the period. WINTON GROUP Ltd purchased a new position in BJ’s Wholesale Club during the 4th quarter valued at about $5,636,000. Finally, Florida Financial Advisors LLC acquired a new position in shares of BJ’s Wholesale Club in the 4th quarter valued at about $222,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Analyst Ratings Changes

BJ has been the topic of a number of research analyst reports. Evercore ISI lowered their price objective on shares of BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating on the stock in a research report on Tuesday. Robert W. Baird boosted their price target on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on BJ’s Wholesale Club from $87.00 to $101.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Cowen reissued a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Finally, Loop Capital upped their target price on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a research report on Friday, March 7th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.82.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock opened at $115.54 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 fifty day simple moving average of $106.88 and a 200-day simple moving average of $95.94. The stock has a market capitalization of $15.21 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 4.50 and a beta of 0.54. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $71.81 and a 1-year high of $120.43.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, March 6th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.86 by $0.07. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. On average, sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insider Buying and Selling

In other BJ’s Wholesale Club news, EVP William C. Werner sold 20,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total value of $2,208,200.00. Following the transaction, the executive vice president now directly owns 31,308 shares of the company’s stock, valued at $3,456,716.28. The trade was a 38.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert Allan Steele sold 11,813 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the completion of the sale, the director now directly owns 24,351 shares of the company’s stock, valued at $2,619,924.09. This represents a 32.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,005 shares of company stock valued at $5,148,708. Insiders own 2.00% of the company’s stock.

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.