Sumitomo Mitsui Trust Group Inc. Sells 243 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,840 shares of the company’s stock after selling 243 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in BJ’s Wholesale Club were worth $790,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BJ. Bleakley Financial Group LLC increased its holdings in shares of BJ’s Wholesale Club by 1.4% during the fourth quarter. Bleakley Financial Group LLC now owns 11,110 shares of the company’s stock worth $993,000 after buying an additional 157 shares in the last quarter. Tyche Wealth Partners LLC increased its holdings 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 worth $473,000 after buying an additional 844 shares in the last quarter. Tectonic Advisors LLC increased its holdings 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 worth $467,000 after buying an additional 247 shares in the last quarter. Trust Point Inc. increased its holdings 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 worth $398,000 after buying an additional 1,483 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT increased its holdings 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 worth $1,010,000 after buying an additional 640 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Down 0.9 %

Shares of BJ opened at $105.97 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $68.30 and a 52 week high of $108.00. The firm has a market cap of $14.00 billion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 4.69 and a beta of 0.32. The firm’s 50-day simple moving average is $96.84 and its 200 day simple moving average is $89.70. 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 posted its quarterly earnings data on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.29. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.12 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. On average, analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BJ. UBS Group raised their price target on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, November 22nd. TD Cowen raised their price target on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Citigroup raised their price target on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Jefferies Financial Group raised their price target on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Roth Mkm raised their price target on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, BJ’s Wholesale Club has an average rating of “Moderate Buy” and a consensus target price of $94.88.

BJ’s Wholesale Club Company Profile

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.