Entropy Technologies LP purchased a new position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,357 shares of the company's stock, valued at approximately $1,015,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lifestyle Asset Management Inc. boosted its position in shares of BJ's Wholesale Club by 0.8% during the 4th quarter. Lifestyle Asset Management Inc. now owns 13,329 shares of the company's stock valued at $1,191,000 after acquiring an additional 108 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in shares of BJ's Wholesale Club by 0.7% during the 4th quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company's stock valued at $1,353,000 after acquiring an additional 111 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of BJ's Wholesale Club by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 3,906 shares of the company's stock valued at $322,000 after acquiring an additional 123 shares during the last quarter. OLD National Bancorp IN boosted its position in shares of BJ's Wholesale Club by 2.5% during the 3rd quarter. OLD National Bancorp IN now owns 5,438 shares of the company's stock valued at $449,000 after acquiring an additional 133 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in shares of BJ's Wholesale Club by 5.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,710 shares of the company's stock valued at $224,000 after acquiring an additional 133 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors.
BJ's Wholesale Club Stock Down 0.9 %
Shares of BJ traded down $0.99 during midday trading on Friday, reaching $105.97. 1,294,150 shares of the stock were exchanged, compared to its average volume of 1,531,037. BJ's Wholesale Club Holdings, Inc. has a 52 week low of $68.30 and a 52 week high of $108.00. 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 is $96.84 and its two-hundred day moving average is $89.70. The company has a market capitalization of $14.00 billion, a P/E ratio of 25.47, a PEG ratio of 4.69 and a beta of 0.32.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.29. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter in the prior year, the company earned $0.98 EPS. The business's revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.
Analysts Set New Price Targets
BJ has been the topic of several recent research reports. UBS Group increased their price target on BJ's Wholesale Club from $102.00 to $108.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Roth Mkm increased their price target on BJ's Wholesale Club from $75.00 to $87.00 and gave the company a "neutral" rating in a report on Monday, November 25th. Jefferies Financial Group increased their price target on BJ's Wholesale Club from $105.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Wells Fargo & Company increased their price target on BJ's Wholesale Club from $100.00 to $115.00 and gave the company an "overweight" rating in a report on Monday. Finally, Citigroup increased their price target on BJ's Wholesale Club from $94.00 to $101.00 and gave the company a "neutral" rating in a report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $94.88.
Check Out Our Latest Research Report on BJ
About BJ's Wholesale Club
(
Free Report)
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.
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