BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Stock Position Decreased by Truist Financial Corp

Truist Financial Corp lessened its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 3.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 136,711 shares of the company’s stock after selling 4,689 shares during the quarter. Truist Financial Corp’s holdings in BJ’s Wholesale Club were worth $12,215,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of BJ. FMR LLC grew its position in BJ’s Wholesale Club by 7.2% in the 3rd 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 during the last quarter. Victory Capital Management Inc. grew its position in BJ’s Wholesale Club by 3.5% in the 3rd 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 during the last quarter. Franklin Resources Inc. grew its position in 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 worth $408,926,000 after purchasing an additional 337,217 shares during the last quarter. State Street Corp grew its position in 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 worth $333,680,000 after purchasing an additional 45,288 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in 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 worth $196,929,000 after purchasing an additional 896,263 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Trading Down 1.8 %

Shares of NYSE:BJ opened at $103.58 on Friday. The stock has a market capitalization of $13.68 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 4.67 and a beta of 0.32. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $68.43 and a 1-year high of $108.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The company has a 50 day moving average price of $97.41 and a 200 day moving average price of $90.18.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, November 21st. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.29. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.12 billion. During the same quarter last year, the business posted $0.98 EPS. The company’s revenue was up 3.5% on a year-over-year basis. On average, research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BJ shares. Wells Fargo & Company upped their target price on shares of BJ’s Wholesale Club from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Jefferies Financial Group upped their price target on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. TD Cowen upped their price target on shares of 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. UBS Group upped their price target on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Finally, Roth Mkm upped their price target on shares of 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. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.88.

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.