Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,103 shares of the company's stock after buying an additional 4,133 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in BJ's Wholesale Club were worth $2,958,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Neo Ivy Capital Management purchased a new position in shares of BJ's Wholesale Club in the 3rd quarter worth about $828,000. Sanctuary Advisors LLC raised its position in BJ's Wholesale Club by 129.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company's stock worth $3,215,000 after buying an additional 21,957 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in BJ's Wholesale Club in the 4th quarter worth about $307,000. Oak Harvest Investment Services purchased a new position in BJ's Wholesale Club in the 4th quarter worth about $670,000. Finally, Navellier & Associates Inc. purchased a new stake in shares of BJ's Wholesale Club during the 4th quarter valued at about $223,000. Institutional investors own 98.60% of the company's stock.
Insiders Place Their Bets
In other news, Director Robert Allan Steele sold 11,813 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the transaction, the director now owns 24,351 shares of the company's stock, valued at approximately $2,619,924.09. This represents a 32.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.00% of the company's stock.
BJ's Wholesale Club Trading Down 0.7 %
NYSE:BJ traded down $0.81 during midday trading on Tuesday, hitting $111.37. 149,581 shares of the company traded hands, compared to its average volume of 1,552,024. The firm's fifty day moving average is $101.93 and its 200-day moving average is $92.90. BJ's Wholesale Club Holdings, Inc. has a 12-month low of $71.81 and a 12-month high of $118.40. The firm has a market capitalization of $14.71 billion, a P/E ratio of 26.83, a P/E/G ratio of 4.50 and a beta of 0.28. 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 (NYSE:BJ - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.07. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.29 billion. On average, sell-side analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. Cowen reaffirmed a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, March 7th. JPMorgan Chase & Co. upped their price target on shares of BJ's Wholesale Club from $87.00 to $101.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Loop Capital boosted their price objective on BJ's Wholesale Club from $95.00 to $110.00 and gave the company a "hold" rating in a research note on Friday, March 7th. Roth Mkm boosted their price objective on BJ's Wholesale Club from $75.00 to $87.00 and gave the company a "neutral" rating in a research note on Monday, November 25th. Finally, UBS Group boosted their price objective on BJ's Wholesale Club from $108.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $108.71.
Read Our Latest Research Report on BJ's Wholesale Club
About BJ's Wholesale Club
(
Free Report)
BJ's Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.
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