Fred Alger Management LLC Sells 10,418 Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Fred Alger Management LLC lowered its stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 17.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,100 shares of the company's stock after selling 10,418 shares during the period. Fred Alger Management LLC's holdings in BJ's Wholesale Club were worth $4,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new stake in BJ's Wholesale Club during the fourth quarter worth $135,344,000. Alliancebernstein L.P. raised its holdings in shares of BJ's Wholesale Club by 658.6% in the fourth quarter. Alliancebernstein L.P. now owns 1,523,218 shares of the company's stock valued at $136,100,000 after purchasing an additional 1,322,425 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of BJ's Wholesale Club during the fourth quarter valued at about $85,550,000. Deutsche Bank AG boosted its holdings in BJ's Wholesale Club by 3,526.9% during the fourth quarter. Deutsche Bank AG now owns 595,571 shares of the company's stock worth $53,214,000 after purchasing an additional 579,150 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in BJ's Wholesale Club by 10.6% in the 4th quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company's stock worth $470,775,000 after purchasing an additional 504,958 shares in the last quarter. Institutional investors own 98.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. DA Davidson upped their target price on BJ's Wholesale Club from $123.00 to $130.00 and gave the company a "buy" rating in a report on Friday, March 7th. Barclays raised their target price on BJ's Wholesale Club from $80.00 to $115.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Argus raised shares of BJ's Wholesale Club to a "hold" rating in a report on Friday, April 4th. Cowen restated a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of BJ's Wholesale Club from $109.00 to $123.00 and gave the company a "neutral" rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, BJ's Wholesale Club presently has an average rating of "Moderate Buy" and a consensus price target of $112.12.

BJ's Wholesale Club Trading Up 0.0 %

Shares of BJ's Wholesale Club stock opened at $114.75 on Friday. The company's 50-day moving average price is $113.94 and its 200-day moving average price is $101.73. The company has a market cap of $15.11 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 4.50 and a beta of 0.59. BJ's Wholesale Club Holdings, Inc. has a 12-month low of $76.33 and a 12-month high of $121.10. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. The firm had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.29 billion. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. On average, equities analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Activity

In other BJ's Wholesale Club news, EVP William C. Werner sold 20,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total value of $2,208,200.00. Following the completion of the sale, the executive vice president now directly owns 31,308 shares in the company, valued at $3,456,716.28. This trade represents a 38.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Joseph Mcgrail sold 2,100 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total value of $251,454.00. Following the completion of the sale, the senior vice president now directly owns 14,240 shares in the company, valued at approximately $1,705,097.60. The trade was a 12.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 328,505 shares of company stock worth $37,452,686. 2.00% of the stock is currently owned by insiders.

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.

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