Oak Harvest Investment Services Purchases New Position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Oak Harvest Investment Services purchased a new stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,500 shares of the company's stock, valued at approximately $670,000.

Other institutional investors also recently made changes to their positions in the company. Davis Capital Management acquired a new stake in BJ's Wholesale Club in the 3rd quarter valued at $25,000. UMB Bank n.a. grew its stake in shares of BJ's Wholesale Club by 375.6% in the third quarter. UMB Bank n.a. now owns 371 shares of the company's stock valued at $31,000 after buying an additional 293 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in shares of BJ's Wholesale Club during the 3rd quarter valued at about $41,000. Wilmington Savings Fund Society FSB acquired a new position in BJ's Wholesale Club during the 3rd quarter worth approximately $55,000. Finally, Blue Trust Inc. boosted its holdings in BJ's Wholesale Club by 198.6% in the 3rd quarter. Blue Trust Inc. now owns 863 shares of the company's stock worth $76,000 after acquiring an additional 574 shares during the period. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ's Wholesale Club Stock Performance

BJ's Wholesale Club stock traded down $0.98 during mid-day trading on Friday, reaching $99.01. The company had a trading volume of 1,573,290 shares, compared to its average volume of 1,391,634. The company has a 50 day moving average of $95.14 and a 200-day moving average of $88.62. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $64.06 and a 52 week high of $100.74. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The firm has a market cap of $13.08 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 4.65 and a beta of 0.32.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.29. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $0.98 earnings per share. On average, sell-side analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.95 EPS for the current fiscal year.

Analysts Set New Price Targets

BJ has been the topic of several analyst reports. Jefferies Financial Group lifted their price target 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. Wells Fargo & Company boosted their price target on BJ's Wholesale Club from $92.00 to $100.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. Roth Mkm raised their price target on shares of BJ's Wholesale Club from $75.00 to $87.00 and gave the stock a "neutral" rating in a research report on Monday, November 25th. UBS Group upped 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. Finally, Morgan Stanley raised their price objective on shares of BJ's Wholesale Club from $90.00 to $98.00 and gave the stock an "equal weight" rating in a report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, BJ's Wholesale Club currently has a consensus rating of "Moderate Buy" and an average price target of $94.00.

BJ's Wholesale Club 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.