State of Alaska Department of Revenue Decreases Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

State of Alaska Department of Revenue cut its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 27,770 shares of the company’s stock after selling 370 shares during the quarter. State of Alaska Department of Revenue’s holdings in BJ’s Wholesale Club were worth $2,480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bleakley Financial Group LLC raised its stake in BJ’s Wholesale Club by 1.4% during the 4th quarter. Bleakley Financial Group LLC now owns 11,110 shares of the company’s stock valued at $993,000 after buying an additional 157 shares during the last quarter. Tyche Wealth Partners LLC raised its stake in BJ’s Wholesale Club by 19.0% during the 4th quarter. Tyche Wealth Partners LLC now owns 5,296 shares of the company’s stock valued at $473,000 after buying an additional 844 shares during the last quarter. Tectonic Advisors LLC raised its stake in BJ’s Wholesale Club by 5.0% during the 4th quarter. Tectonic Advisors LLC now owns 5,224 shares of the company’s stock valued at $467,000 after buying an additional 247 shares during the last quarter. Trust Point Inc. raised its stake in BJ’s Wholesale Club by 49.8% during the 4th quarter. Trust Point Inc. now owns 4,460 shares of the company’s stock valued at $398,000 after buying an additional 1,483 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT raised its stake in BJ’s Wholesale Club by 6.0% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 11,309 shares of the company’s stock valued at $1,010,000 after buying an additional 640 shares during the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Stock Up 1.9 %

BJ opened at $106.43 on Tuesday. The firm has a 50-day simple moving average of $96.01 and a two-hundred day simple moving average of $89.20. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $66.96 and a 52 week high of $107.06. The company has a market capitalization of $14.06 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 4.69 and a beta of 0.32. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23.

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

Wall Street Analysts Forecast Growth

BJ has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of 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. Citigroup boosted their price objective 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. Jefferies Financial Group boosted their price objective on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Morgan Stanley boosted their price objective on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. Finally, Wells Fargo & Company boosted their price objective 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. 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.88.

BJ’s Wholesale Club Company 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.