MetLife Investment Management LLC Increases Holdings in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

MetLife Investment Management LLC boosted its stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,728 shares of the company's stock after purchasing an additional 6,153 shares during the period. MetLife Investment Management LLC owned about 0.06% of BJ's Wholesale Club worth $6,677,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Clearbridge Investments LLC boosted its holdings in BJ's Wholesale Club by 11.8% in the fourth quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company's stock worth $208,218,000 after acquiring an additional 245,731 shares in the last quarter. Intech Investment Management LLC raised its holdings in BJ's Wholesale Club by 278.6% during the fourth quarter. Intech Investment Management LLC now owns 53,968 shares of the company's stock worth $4,822,000 after buying an additional 39,713 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of BJ's Wholesale Club by 151.8% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 19,784 shares of the company's stock worth $1,768,000 after acquiring an additional 11,928 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of BJ's Wholesale Club during the 4th quarter valued at approximately $307,000. Finally, Wealthfront Advisers LLC lifted its holdings in BJ's Wholesale Club by 1,462.2% during the 4th quarter. Wealthfront Advisers LLC now owns 54,208 shares of the company's stock worth $4,843,000 after purchasing an additional 50,738 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BJ. Citigroup raised BJ's Wholesale Club from a "neutral" rating to a "buy" rating and raised their price objective for the company from $115.00 to $130.00 in a report on Thursday, April 3rd. Barclays increased their price objective on 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. DA Davidson upped their price target on BJ's Wholesale Club from $123.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Cowen reaffirmed a "buy" rating on shares of BJ's Wholesale Club in a report on Friday, March 7th. Finally, Argus raised BJ's Wholesale Club to a "hold" rating in a research report on Friday, April 4th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.82.

Insider Activity

In related news, SVP Joseph Mcgrail sold 2,100 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total value of $251,454.00. Following the sale, the senior vice president now directly owns 14,240 shares of the company's stock, valued at $1,705,097.60. This represents a 12.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the transaction, the director now owns 24,351 shares of the company's stock, valued at $2,619,924.09. This trade represents a 32.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 328,505 shares of company stock valued at $37,452,686. 2.00% of the stock is currently owned by insiders.

BJ's Wholesale Club Price Performance

BJ traded up $2.08 on Monday, hitting $114.07. 478,804 shares of the company's stock traded hands, compared to its average volume of 1,644,552. BJ's Wholesale Club Holdings, Inc. has a one year low of $73.93 and a one year 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. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 27.43, a P/E/G ratio of 4.50 and a beta of 0.54. The company's 50 day simple moving average is $110.92 and its 200-day simple moving average is $99.79.

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

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.