Zurcher Kantonalbank Zurich Cantonalbank Boosts Stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 14.3% during the fourth quarter, according to its most recent Form 13F 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 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich bought a new stake in BJ's Wholesale Club during the fourth quarter worth approximately $9,967,000. Machina Capital S.A.S. bought a new stake in BJ's Wholesale Club during the fourth quarter worth approximately $278,000. Vestmark Advisory Solutions Inc. increased its stake in BJ's Wholesale Club by 6.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 40,700 shares of the company's stock worth $3,637,000 after acquiring an additional 2,410 shares during the last quarter. Raymond James Financial Inc. bought a new stake in BJ's Wholesale Club during the fourth quarter worth approximately $85,550,000. Finally, Arizona State Retirement System increased its stake in BJ's Wholesale Club by 0.7% during the fourth quarter. Arizona State Retirement System now owns 38,479 shares of the company's stock worth $3,438,000 after acquiring an additional 266 shares during the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BJ. Citigroup upped their target price on BJ's Wholesale Club from $101.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, March 7th. Loop Capital lifted their target price on BJ's Wholesale Club from $95.00 to $110.00 and gave the company a "hold" rating in a research report on Friday, March 7th. UBS Group raised their price target 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. Robert W. Baird upped their price objective on shares of BJ's Wholesale Club from $115.00 to $125.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Finally, TD Cowen boosted their price target on shares of BJ's Wholesale Club from $110.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $108.71.

Remove Ads

BJ's Wholesale Club Stock Up 2.6 %

Shares of NYSE BJ traded up $2.84 during trading hours on Monday, hitting $111.91. 686,804 shares of the stock were exchanged, compared to its average volume of 1,554,679. 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 company has a market cap of $14.78 billion, a PE ratio of 26.94, a PEG ratio of 4.50 and a beta of 0.28. The firm has a fifty day moving average price of $101.50 and a 200-day moving average price of $92.67. BJ's Wholesale Club Holdings, Inc. has a 12 month low of $71.81 and a 12 month high of $118.40.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. The business had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.29 billion. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. On average, sell-side analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

BJ's Wholesale Club Profile

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.