Proficio Capital Partners LLC acquired a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 72,642 shares of the company's stock, valued at approximately $6,491,000. Proficio Capital Partners LLC owned 0.05% of BJ's Wholesale Club as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Neo Ivy Capital Management acquired a new position in BJ's Wholesale Club during the third quarter valued at approximately $828,000. Sanctuary Advisors LLC raised its position in BJ's Wholesale Club by 129.0% during the third quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company's stock worth $3,215,000 after acquiring an additional 21,957 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in BJ's Wholesale Club during the fourth quarter worth $307,000. Oak Harvest Investment Services bought a new stake in BJ's Wholesale Club during the fourth quarter worth $670,000. Finally, Navellier & Associates Inc. bought a new position in shares of BJ's Wholesale Club in the fourth quarter valued at about $223,000. Institutional investors and hedge funds own 98.60% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently commented on BJ shares. TD Cowen upped 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 research note on Thursday, December 12th. Morgan Stanley increased their price objective on shares of BJ's Wholesale Club from $98.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Friday, March 7th. Roth Mkm increased 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. Jefferies Financial Group increased 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. Finally, Cowen reiterated a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $108.71.
Get Our Latest Stock Report on BJ
BJ's Wholesale Club Stock Down 1.3 %
Shares of BJ's Wholesale Club stock traded down $1.41 during trading on Tuesday, reaching $110.77. 562,066 shares of the company traded hands, compared to its average volume of 1,553,615. 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 has a 50 day moving average price of $101.93 and a 200-day moving average price of $92.90. The firm has a market capitalization of $14.63 billion, a PE ratio of 26.65, a P/E/G ratio of 4.50 and a beta of 0.28.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.93 EPS for the quarter, beating 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 business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.29 billion. As a group, equities research 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 related 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 transaction of $1,270,960.67. Following the completion of the transaction, the director now owns 24,351 shares in the company, valued at approximately $2,619,924.09. This represents a 32.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.00% of the company's stock.
About BJ's Wholesale Club
(
Free Report)
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.
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