Envestnet Portfolio Solutions Inc. Purchases 105 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Envestnet Portfolio Solutions Inc. grew its stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 20,003 shares of the company’s stock after acquiring an additional 105 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in BJ’s Wholesale Club were worth $1,787,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC raised its stake in shares of BJ’s Wholesale Club by 7.2% during the third quarter. FMR LLC now owns 14,357,118 shares of the company’s stock valued at $1,184,175,000 after acquiring an additional 966,528 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of 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 valued at $408,926,000 after acquiring an additional 337,217 shares in the last quarter. State Street Corp raised its stake in shares of BJ’s Wholesale Club by 1.1% during the third quarter. State Street Corp now owns 4,045,590 shares of the company’s stock valued at $333,680,000 after acquiring an additional 45,288 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of BJ’s Wholesale Club by 60.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock valued at $196,929,000 after acquiring an additional 896,263 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of BJ’s Wholesale Club by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,215,356 shares of the company’s stock valued at $182,770,000 after acquiring an additional 34,940 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wells Fargo & Company reaffirmed an “overweight” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Cowen reissued a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. Barclays boosted 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 note on Monday, March 10th. Finally, Jefferies Financial Group boosted 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. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $108.71.

Insider Activity

In related news, Director Robert Allan Steele sold 11,813 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 24,351 shares in the company, valued at $2,619,924.09. The trade was a 32.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of BJ opened at $108.51 on Friday. The firm has a market capitalization of $14.33 billion, a PE ratio of 26.08, a price-to-earnings-growth 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 1-year low of $71.81 and a 1-year high of $118.40. The company’s fifty day moving average price is $102.99 and its 200-day moving average price is $93.35.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The firm had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.29 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. On average, equities research analysts predict 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.