Retirement Planning Co of New England Inc. Trims Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Retirement Planning Co of New England Inc. lowered its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,209 shares of the company’s stock after selling 455 shares during the quarter. Retirement Planning Co of New England Inc.’s holdings in BJ’s Wholesale Club were worth $376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC raised its holdings in shares of BJ’s Wholesale Club by 7.2% in the 3rd quarter. FMR LLC now owns 14,357,118 shares of the company’s stock valued at $1,184,175,000 after buying an additional 966,528 shares during the period. Franklin Resources Inc. raised its holdings in shares of BJ’s Wholesale Club by 7.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company’s stock valued at $408,926,000 after buying an additional 337,217 shares during the period. State Street Corp raised its holdings in shares of BJ’s Wholesale Club by 1.1% in the 3rd quarter. State Street Corp now owns 4,045,590 shares of the company’s stock valued at $333,680,000 after buying an additional 45,288 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of 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 buying an additional 896,263 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of BJ’s Wholesale Club by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,215,356 shares of the company’s stock valued at $182,770,000 after buying an additional 34,940 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on BJ. Jefferies Financial Group boosted their price objective on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Morgan Stanley upped their price target on BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday, March 7th. Citigroup upped their price target on BJ’s Wholesale Club from $101.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, March 7th. Wells Fargo & Company restated an “overweight” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. Finally, UBS Group upped their price target on BJ’s Wholesale Club from $108.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $108.71.

BJ’s Wholesale Club Stock Up 2.9 %

Shares of NYSE BJ opened at $112.20 on Tuesday. The stock has a market cap of $14.82 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. 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 Holdings, Inc. has a 52-week low of $71.81 and a 52-week high of $118.40. The business has a 50-day moving average price of $101.93 and a 200 day moving average price of $92.90.

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

BJ’s Wholesale Club Company 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.