J2 Capital Management Inc Makes New $419,000 Investment in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

J2 Capital Management Inc purchased a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 4,692 shares of the company’s stock, valued at approximately $419,000.

A number of other hedge funds have also made changes to their positions in the stock. Davis Capital Management acquired a new stake in BJ’s Wholesale Club in the 3rd quarter worth approximately $25,000. UMB Bank n.a. raised its position in shares of BJ’s Wholesale Club by 375.6% in the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after purchasing an additional 293 shares during the period. Reston Wealth Management LLC acquired a new stake in shares of BJ’s Wholesale Club in the third quarter worth $41,000. Benjamin Edwards Inc. boosted its holdings in shares of BJ’s Wholesale Club by 394.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock worth $55,000 after buying an additional 501 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in BJ’s Wholesale Club in the 3rd quarter valued at $55,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Morgan Stanley boosted 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 research report on Friday, November 22nd. Roth Mkm boosted their price objective on BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. TD Cowen raised their target price on BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, December 12th. UBS Group lifted their price target on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, Wells Fargo & Company increased their price objective on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and an average price target 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 on Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the transaction, the chief executive officer now owns 423,792 shares of the company’s stock, valued at approximately $36,221,502.24. The trade was a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock opened at $95.01 on Friday. The firm has a market cap 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. The firm’s 50-day simple moving average is $93.38 and its 200-day simple moving average is $88.00. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $64.06 and a twelve month 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.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data 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. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current fiscal year.

BJ’s Wholesale Club Company 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.