Milestone Asset Management LLC Makes New $1.06 Million Investment in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Milestone Asset Management LLC bought a new position in 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 firm bought 11,863 shares of the company's stock, valued at approximately $1,060,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Foster Victor Wealth Advisors LLC increased its position in BJ's Wholesale Club by 3.8% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 140,795 shares of the company's stock worth $13,383,000 after purchasing an additional 5,205 shares in the last quarter. KBC Group NV increased its position in shares of BJ's Wholesale Club by 47.3% in the fourth quarter. KBC Group NV now owns 5,088 shares of the company's stock worth $455,000 after acquiring an additional 1,634 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of BJ's Wholesale Club in the 4th quarter valued at $2,049,000. Blue Trust Inc. lifted its holdings in shares of BJ's Wholesale Club by 120.7% during the 4th quarter. Blue Trust Inc. now owns 1,905 shares of the company's stock valued at $157,000 after acquiring an additional 1,042 shares in the last quarter. Finally, Vista Investment Partners LLC boosted its position in BJ's Wholesale Club by 1.2% during the 4th quarter. Vista Investment Partners LLC now owns 48,976 shares of the company's stock worth $4,376,000 after purchasing an additional 557 shares during the period. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BJ shares. UBS Group lifted their price target on shares of BJ's Wholesale Club from $102.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. 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 research report on Friday, November 22nd. Wells Fargo & Company increased their price target on BJ's Wholesale Club from $92.00 to $100.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. Jefferies Financial Group upped their target price on BJ's Wholesale Club from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Finally, TD Cowen increased their target price on 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. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $94.00.

Insider Buying and Selling at BJ's Wholesale Club

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $85.47, for a total value of $940,170.00. Following the transaction, the chief executive officer now directly owns 423,792 shares in the company, valued at $36,221,502.24. The trade was a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company's stock.

BJ's Wholesale Club Stock Performance

BJ's Wholesale Club stock traded up $0.99 on Thursday, reaching $99.90. 411,615 shares of the stock were exchanged, compared to its average volume of 1,484,359. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. BJ's Wholesale Club Holdings, Inc. has a twelve month low of $64.06 and a twelve month high of $100.74. The firm has a fifty day moving average price of $94.95 and a two-hundred day moving average price of $88.50. The stock has a market cap of $13.20 billion, a PE ratio of 24.00, a PEG ratio of 4.48 and a beta of 0.32.

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

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.