Alliancebernstein L.P. Has $136.10 Million Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Alliancebernstein L.P. increased its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 658.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,523,218 shares of the company’s stock after buying an additional 1,322,425 shares during the period. Alliancebernstein L.P. owned 1.15% of BJ’s Wholesale Club worth $136,100,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in BJ. Norges Bank bought a new position in shares of BJ’s Wholesale Club in the 4th quarter valued at about $135,344,000. Raymond James Financial Inc. acquired a new stake in BJ’s Wholesale Club in the 4th quarter valued at about $85,550,000. Franklin Resources Inc. grew its holdings in BJ’s Wholesale Club by 7.6% during the third quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company’s stock worth $408,926,000 after purchasing an additional 337,217 shares during the period. Clearbridge Investments LLC increased its position in BJ’s Wholesale Club by 11.8% during the fourth quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company’s stock worth $208,218,000 after buying an additional 245,731 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in BJ’s Wholesale Club by 66.2% in the fourth quarter. American Century Companies Inc. now owns 377,036 shares of the company’s stock valued at $33,688,000 after buying an additional 150,205 shares during the period. 98.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP William C. Werner sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total transaction of $2,208,200.00. Following the completion of the transaction, the executive vice president now owns 31,308 shares of the company’s stock, valued at approximately $3,456,716.28. The trade was a 38.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Allan Steele sold 11,813 shares of the firm’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 transaction of $1,270,960.67. Following the completion of the sale, the director now owns 24,351 shares in the company, valued at approximately $2,619,924.09. The trade was a 32.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $115.00 on Wednesday. The business has a fifty day moving average price of $105.68 and a two-hundred day moving average price of $95.40. The stock has a market capitalization of $15.14 billion, a PE ratio of 27.64, a P/E/G ratio of 4.50 and a beta of 0.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $71.81 and a fifty-two week high of $118.40.

BJ’s Wholesale Club (NYSE:BJ) last posted 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 business had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. As a group, equities analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on BJ. TD Cowen lifted their target price on BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Barclays lifted their price objective on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. DA Davidson increased their price objective on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Morgan Stanley lifted their target price on shares of 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. Finally, Robert W. Baird increased their price target on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $109.94.

BJ’s Wholesale Club 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.