State of Alaska Department of Revenue Sells 370 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

State of Alaska Department of Revenue lessened its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,770 shares of the company’s stock after selling 370 shares during the quarter. State of Alaska Department of Revenue’s holdings in BJ’s Wholesale Club were worth $2,480,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Bleakley Financial Group LLC increased its stake in BJ’s Wholesale Club by 1.4% in the fourth quarter. Bleakley Financial Group LLC now owns 11,110 shares of the company’s stock valued at $993,000 after acquiring an additional 157 shares during the last quarter. Tyche Wealth Partners LLC grew its stake in shares of BJ’s Wholesale Club by 19.0% during the fourth quarter. Tyche Wealth Partners LLC now owns 5,296 shares of the company’s stock valued at $473,000 after buying an additional 844 shares during the last quarter. Tectonic Advisors LLC grew its stake in shares of BJ’s Wholesale Club by 5.0% during the fourth quarter. Tectonic Advisors LLC now owns 5,224 shares of the company’s stock valued at $467,000 after buying an additional 247 shares during the last quarter. Trust Point Inc. grew its stake in shares of BJ’s Wholesale Club by 49.8% during the fourth quarter. Trust Point Inc. now owns 4,460 shares of the company’s stock valued at $398,000 after buying an additional 1,483 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT grew its stake in shares of BJ’s Wholesale Club by 6.0% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 11,309 shares of the company’s stock valued at $1,010,000 after buying an additional 640 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BJ shares. Jefferies Financial Group raised their price objective on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Roth Mkm raised their price objective on BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Citigroup increased their target price on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. TD Cowen increased their target price on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Morgan Stanley increased their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BJ’s Wholesale Club has an average rating of “Moderate Buy” and a consensus price target of $94.88.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $106.43 on Tuesday. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $66.96 and a fifty-two week high of $107.06. The company has a 50 day simple moving average of $96.01 and a two-hundred day simple moving average of $89.20. The company has a market capitalization of $14.06 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 4.69 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.29. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current fiscal year.

About BJ’s Wholesale Club

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.