MeadowBrook Investment Advisors LLC Sells 475 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

MeadowBrook Investment Advisors LLC lessened its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 17.0% during the 4th quarter, Holdings Channel reports. The fund owned 2,325 shares of the company’s stock after selling 475 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in BJ’s Wholesale Club were worth $208,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. CWM LLC lifted its holdings in shares of BJ’s Wholesale Club by 13.5% during the 3rd quarter. CWM LLC now owns 2,114 shares of the company’s stock valued at $174,000 after purchasing an additional 251 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of BJ’s Wholesale Club by 375.6% during the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after purchasing an additional 293 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of BJ’s Wholesale Club by 4.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 9,495 shares of the company’s stock valued at $783,000 after purchasing an additional 392 shares during the last quarter. Creative Planning lifted its holdings in shares of BJ’s Wholesale Club by 37.4% during the 3rd quarter. Creative Planning now owns 12,771 shares of the company’s stock valued at $1,053,000 after purchasing an additional 3,473 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of BJ’s Wholesale Club during the 3rd quarter valued at $282,000. Institutional investors own 98.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BJ shares. Citigroup raised their target price on BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Roth Mkm raised their target price on BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. Wells Fargo & Company raised their target price on BJ’s Wholesale Club from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday. Morgan Stanley raised 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 note on Friday, November 22nd. Finally, TD Cowen raised their target price on BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, BJ’s Wholesale Club has an average rating of “Moderate Buy” and an average target price of $94.88.

BJ’s Wholesale Club Trading Up 0.6 %

Shares of BJ’s Wholesale Club stock opened at $106.89 on Wednesday. The stock has a market cap of $14.12 billion, a P/E ratio of 25.69, a P/E/G ratio of 4.69 and a beta of 0.32. The stock’s 50 day simple moving average is $96.22 and its 200-day simple moving average is $89.33. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $66.96 and a 1-year high of $107.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

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

BJ’s Wholesale Club 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.