J2 Capital Management Inc Purchases New Shares in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

J2 Capital Management Inc purchased a new stake in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,692 shares of the company's stock, valued at approximately $419,000.

Several other hedge funds have also modified their holdings of the stock. HB Wealth Management LLC acquired a new stake in BJ's Wholesale Club in the fourth quarter worth about $221,000. Merit Financial Group LLC bought a new position in shares of BJ's Wholesale Club in the 4th quarter valued at about $272,000. Gateway Investment Advisers LLC grew 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 worth $1,353,000 after buying an additional 111 shares during the period. Cox Capital Mgt LLC raised its stake in shares of BJ's Wholesale Club by 2.9% during the fourth quarter. Cox Capital Mgt LLC now owns 16,117 shares of the company's stock worth $1,440,000 after buying an additional 461 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in BJ's Wholesale Club by 30.3% in the fourth quarter. Park Avenue Securities LLC now owns 10,647 shares of the company's stock valued at $951,000 after buying an additional 2,477 shares during the period. 98.60% of the stock is owned by institutional investors.

BJ's Wholesale Club Stock Up 0.6 %

BJ's Wholesale Club stock traded up $0.58 during midday trading on Friday, reaching $95.01. The stock had a trading volume of 813,677 shares, compared to its average volume of 1,166,463. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $64.06 and a 1-year high of $100.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The firm's fifty day simple moving average is $93.38 and its 200-day simple moving average is $88.01. The stock has a market capitalization of $12.55 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 4.54 and a beta of 0.32.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings data on Thursday, November 21st. The company reported $1.18 EPS 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 analyst estimates of $5.12 billion. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. As a group, analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley lifted their target price 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. Jefferies Financial Group upped their price objective 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. Melius Research assumed coverage on BJ's Wholesale Club in a report on Monday, September 23rd. They set a "buy" rating and a $90.00 target price on the stock. Wells Fargo & Company upped their price target on BJ's Wholesale Club from $92.00 to $100.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th. Finally, Citigroup lifted their price objective on shares of BJ's Wholesale Club from $94.00 to $101.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.00.

Insider Activity

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the sale, the chief executive officer now directly owns 423,792 shares of the company's stock, valued at approximately $36,221,502.24. This represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by corporate insiders.

About BJ's Wholesale Club

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.