New York State Teachers Retirement System Cuts Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

New York State Teachers Retirement System decreased its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,954 shares of the company’s stock after selling 3,138 shares during the period. New York State Teachers Retirement System owned approximately 0.11% of BJ’s Wholesale Club worth $13,041,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BJ. Reston Wealth Management LLC purchased a new position in BJ’s Wholesale Club in the third quarter worth about $41,000. Wilmington Savings Fund Society FSB purchased a new position in BJ’s Wholesale Club in the third quarter worth about $55,000. UMB Bank n.a. grew its position in BJ’s Wholesale Club by 68.2% in the fourth quarter. UMB Bank n.a. now owns 624 shares of the company’s stock worth $56,000 after acquiring an additional 253 shares in the last quarter. Blue Trust Inc. grew its position in BJ’s Wholesale Club by 198.6% in the third quarter. Blue Trust Inc. now owns 863 shares of the company’s stock worth $76,000 after acquiring an additional 574 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in BJ’s Wholesale Club by 61.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,205 shares of the company’s stock worth $99,000 after purchasing an additional 460 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $105.97 on Tuesday. The firm has a market cap of $14.00 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 4.69 and a beta of 0.32. The company’s 50 day moving average is $97.05 and its 200 day moving average is $89.85. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $68.30 and a 52-week high of $108.00.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.29. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.12 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. BJ’s Wholesale Club’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $0.98 earnings per share. On average, sell-side analysts anticipate 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 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.