Primecap Management Co. CA Has $75.90 Million Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Primecap Management Co. CA decreased its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 849,480 shares of the company’s stock after selling 13,400 shares during the quarter. Primecap Management Co. CA’s holdings in BJ’s Wholesale Club were worth $75,901,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BJ. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of BJ’s Wholesale Club in the 3rd quarter worth $749,000. KBC Group NV grew its stake in shares of BJ’s Wholesale Club by 17.5% in the 3rd quarter. KBC Group NV now owns 3,454 shares of the company’s stock worth $285,000 after acquiring an additional 514 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of BJ’s Wholesale Club by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 3,906 shares of the company’s stock worth $322,000 after acquiring an additional 123 shares in the last quarter. Quest Partners LLC grew its stake in shares of BJ’s Wholesale Club by 269.4% in the 3rd quarter. Quest Partners LLC now owns 10,813 shares of the company’s stock worth $892,000 after acquiring an additional 7,886 shares in the last quarter. Finally, Pathstone Holdings LLC grew its stake in shares of BJ’s Wholesale Club by 2.7% in the 3rd quarter. Pathstone Holdings LLC now owns 21,123 shares of the company’s stock worth $1,742,000 after acquiring an additional 558 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Citigroup upped their target price on shares of BJ’s Wholesale Club from $101.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, March 7th. Morgan Stanley increased their price target on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, March 7th. 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 research report on Friday, March 7th. UBS Group increased their price target on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, Jefferies Financial Group increased 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 research report on Thursday, November 21st. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $108.71.

BJ’s Wholesale Club Trading Down 1.4 %

Shares of BJ’s Wholesale Club stock opened at $110.62 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $71.81 and a 12-month high of $118.40. The company has a market cap of $14.61 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 4.50 and a beta of 0.28. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $102.32 and its 200-day moving average price is $93.12.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. On average, equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Transactions at BJ’s Wholesale Club

In other news, Director Robert Allan Steele sold 11,813 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the sale, the director now directly owns 24,351 shares of the company’s stock, valued at approximately $2,619,924.09. This represents a 32.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

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.