Lord Abbett & CO. LLC Buys 49,299 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Lord Abbett & CO. LLC grew its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,420,468 shares of the company's stock after buying an additional 49,299 shares during the quarter. Lord Abbett & CO. LLC owned approximately 1.08% of BJ's Wholesale Club worth $126,919,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Covestor Ltd increased its holdings in BJ's Wholesale Club by 66.5% during the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock valued at $26,000 after purchasing an additional 115 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of BJ's Wholesale Club by 652.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock valued at $47,000 after buying an additional 457 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in shares of BJ's Wholesale Club by 78.7% in the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock valued at $47,000 after buying an additional 233 shares during the last quarter. UMB Bank n.a. lifted its position in BJ's Wholesale Club by 68.2% during the 4th quarter. UMB Bank n.a. now owns 624 shares of the company's stock worth $56,000 after buying an additional 253 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in BJ's Wholesale Club during the 3rd quarter worth about $55,000. Institutional investors and hedge funds own 98.60% of the company's stock.

BJ's Wholesale Club Stock Up 0.4 %

NYSE BJ traded up $0.50 during trading hours on Wednesday, hitting $116.96. 320,670 shares of the company traded hands, compared to its average volume of 1,646,281. The stock has a market capitalization of $15.40 billion, a price-to-earnings ratio of 28.12, a P/E/G ratio of 4.50 and a beta of 0.54. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $73.93 and a twelve month high of $121.10. The business's 50-day moving average is $111.36 and its 200-day moving average is $100.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.07. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. Sell-side analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

BJ has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on shares of BJ's Wholesale Club from $87.00 to $101.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Morgan Stanley boosted their price objective 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. DA Davidson upped their price target on BJ's Wholesale Club from $123.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Barclays increased their target price on shares of BJ's Wholesale Club from $80.00 to $115.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. Finally, The Goldman Sachs Group boosted their price target on shares of BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a report on Monday, March 10th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, BJ's Wholesale Club has an average rating of "Moderate Buy" and an average price target of $110.82.

Insider Activity

In other BJ's Wholesale Club news, EVP William C. Werner sold 14,192 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $117.64, for a total value of $1,669,546.88. Following the transaction, the executive vice president now directly owns 26,113 shares of the company's stock, valued at $3,071,933.32. This represents a 35.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Allan Steele sold 11,813 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $107.59, for a total value of $1,270,960.67. Following the sale, the director now owns 24,351 shares of the company's stock, valued at approximately $2,619,924.09. This represents a 32.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 328,505 shares of company stock valued at $37,452,686. 2.00% of the stock is owned by company insiders.

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.