Jennison Associates LLC Boosts Holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Jennison Associates LLC increased its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 140.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,663 shares of the company's stock after buying an additional 143,407 shares during the period. Jennison Associates LLC owned 0.19% of BJ's Wholesale Club worth $28,030,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Greenleaf Trust grew its stake in shares of BJ's Wholesale Club by 4.3% during the 1st quarter. Greenleaf Trust now owns 2,450 shares of the company's stock valued at $280,000 after purchasing an additional 101 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of BJ's Wholesale Club by 1.1% during the 1st quarter. Crossmark Global Holdings Inc. now owns 9,604 shares of the company's stock valued at $1,096,000 after purchasing an additional 109 shares during the period. Covestor Ltd grew its stake in BJ's Wholesale Club by 66.5% during the fourth quarter. Covestor Ltd now owns 288 shares of the company's stock valued at $26,000 after acquiring an additional 115 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in BJ's Wholesale Club by 2.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 5,915 shares of the company's stock valued at $675,000 after acquiring an additional 119 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of BJ's Wholesale Club by 1.9% in the 4th quarter. Captrust Financial Advisors now owns 7,044 shares of the company's stock worth $629,000 after buying an additional 131 shares in the last quarter. 98.60% of the stock is owned by institutional investors.

BJ's Wholesale Club Price Performance

NYSE:BJ traded down $0.09 during trading hours on Monday, reaching $104.62. 1,089,865 shares of the company were exchanged, compared to its average volume of 1,689,291. The company has a current ratio of 0.77, a quick ratio of 0.14 and a debt-to-equity ratio of 0.20. The stock's 50-day moving average is $110.71 and its 200-day moving average is $108.50. The firm has a market cap of $13.82 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 2.89 and a beta of 0.45. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $76.33 and a twelve month high of $121.10.

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

Wall Street Analyst Weigh In

BJ has been the subject of a number of recent research reports. Citigroup raised shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $115.00 to $130.00 in a research note on Thursday, April 3rd. Robert W. Baird boosted their price target on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. JPMorgan Chase & Co. boosted their price target on shares of BJ's Wholesale Club from $109.00 to $123.00 and gave the company a "neutral" rating in a report on Friday, May 9th. DA Davidson boosted their price objective on shares of BJ's Wholesale Club from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, BJ's Wholesale Club currently has a consensus rating of "Moderate Buy" and an average price target of $116.12.

Insider Buying and Selling

In related news, EVP Paul Cichocki sold 43,825 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $106.65, for a total transaction of $4,673,936.25. Following the completion of the sale, the executive vice president directly owned 172,563 shares in the company, valued at approximately $18,403,843.95. This trade represents a 20.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven L. Ortega acquired 1,740 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average price of $114.60 per share, with a total value of $199,404.00. Following the completion of the transaction, 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 position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 79,625 shares of company stock worth $8,595,110. Insiders own 1.40% of the company's stock.

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.