Teacher Retirement System of Texas Has $47.35 Million Stock Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Teacher Retirement System of Texas raised its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 264.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 414,974 shares of the company's stock after buying an additional 301,031 shares during the quarter. Teacher Retirement System of Texas owned 0.32% of BJ's Wholesale Club worth $47,349,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BJ. Covestor Ltd increased its holdings in shares of BJ's Wholesale Club by 66.5% during the fourth quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after purchasing an additional 115 shares during the period. Bartlett & CO. Wealth Management LLC bought a new position in BJ's Wholesale Club during the 1st quarter worth $43,000. Tortoise Investment Management LLC increased its stake in BJ's Wholesale Club by 78.7% during the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock worth $47,000 after acquiring an additional 233 shares during the period. Brown Brothers Harriman & Co. raised its holdings in BJ's Wholesale Club by 652.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock valued at $47,000 after acquiring an additional 457 shares in the last quarter. Finally, Continuum Advisory LLC lifted its position in shares of BJ's Wholesale Club by 1,515.6% during the 1st quarter. Continuum Advisory LLC now owns 517 shares of the company's stock valued at $59,000 after acquiring an additional 485 shares during the period. Institutional investors own 98.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Robert W. Baird raised their price target on BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Roth Capital reissued a "neutral" rating and issued a $106.00 target price (up from $101.00) on shares of BJ's Wholesale Club in a report on Wednesday, May 28th. Wall Street Zen raised shares of BJ's Wholesale Club from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. The Goldman Sachs Group increased their price target on shares of BJ's Wholesale Club from $102.00 to $121.00 and gave the stock a "buy" rating in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of BJ's Wholesale Club from $109.00 to $123.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, BJ's Wholesale Club currently has a consensus rating of "Moderate Buy" and an average target price of $116.12.

BJ's Wholesale Club Price Performance

Shares of BJ traded down $0.89 during trading hours on Friday, reaching $108.25. The stock had a trading volume of 722,048 shares, compared to its average volume of 1,686,504. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.14 and a current ratio of 0.77. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $76.33 and a 12 month high of $121.10. The stock has a market capitalization of $14.29 billion, a PE ratio of 25.17, a PEG ratio of 3.03 and a beta of 0.45. The company's 50-day moving average is $112.84 and its two-hundred day moving average is $107.47.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its earnings results on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.91 by $0.23. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%. The firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.18 billion. During the same period last year, the company earned $0.85 earnings per share. The business's quarterly revenue was up 4.8% on a year-over-year basis. Research analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Insider Activity at BJ's Wholesale Club

In other news, CEO Robert W. Eddy sold 280,400 shares of BJ's Wholesale Club stock in a transaction on Monday, April 7th. The shares were sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the transaction, the chief executive officer owned 422,033 shares in the company, valued at approximately $48,242,592.23. The trade was a 39.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven L. Ortega acquired 1,740 shares of BJ's Wholesale Club stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average cost of $114.60 per share, for a total transaction of $199,404.00. Following the purchase, the director owned 8,641 shares of the company's stock, valued at $990,258.60. The trade was a 25.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 300,400 shares of company stock worth $34,308,420 in the last quarter. 1.40% of the stock is owned by 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.