Lecap Asset Management Ltd. Makes New $631,000 Investment in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Lecap Asset Management Ltd. bought a new position 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 and Exchange Commission. The firm bought 7,061 shares of the company's stock, valued at approximately $631,000.

Several other hedge funds and other institutional investors have also modified their holdings of BJ. FMR LLC lifted its position in BJ's Wholesale Club by 7.2% during the third quarter. FMR LLC now owns 14,357,118 shares of the company's stock worth $1,184,175,000 after acquiring an additional 966,528 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of BJ's Wholesale Club by 60.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company's stock worth $196,929,000 after purchasing an additional 896,263 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in BJ's Wholesale Club by 4,834.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 625,205 shares of the company's stock worth $51,567,000 after purchasing an additional 612,535 shares during the last quarter. Jennison Associates LLC boosted its stake in BJ's Wholesale Club by 280.5% in the 3rd quarter. Jennison Associates LLC now owns 533,336 shares of the company's stock valued at $43,990,000 after purchasing an additional 393,181 shares during the period. Finally, Franklin Resources Inc. grew its holdings in BJ's Wholesale Club by 7.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company's stock valued at $408,926,000 after buying an additional 337,217 shares in the last quarter. Institutional investors own 98.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted their target price on 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. Roth Mkm boosted their price objective on shares of BJ's Wholesale Club from $75.00 to $87.00 and gave the company a "neutral" rating in a report on Monday, November 25th. Wells Fargo & Company increased their target price on shares of BJ's Wholesale Club from $100.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday. Citigroup lifted their price target on shares of BJ's Wholesale Club from $94.00 to $101.00 and gave the company a "neutral" rating in a research report on Wednesday, December 18th. Finally, Jefferies Financial Group increased their price target on BJ's Wholesale Club from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $94.88.

BJ's Wholesale Club Price Performance

Shares of BJ stock traded up $0.59 on Tuesday, reaching $106.89. The company had a trading volume of 1,857,138 shares, compared to its average volume of 1,525,935. The stock has a market capitalization of $14.12 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 4.69 and a beta of 0.32. 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 business's 50-day moving average is $96.22 and its 200 day moving average is $89.33. BJ's Wholesale Club Holdings, Inc. has a one year low of $66.96 and a one year high of $107.29.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.29. The firm 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 company's quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.98 earnings per share. Equities research analysts forecast that BJ's Wholesale Club Holdings, Inc. will post 3.95 EPS for the current fiscal year.

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.