J2 Capital Management Inc Takes Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

J2 Capital Management Inc acquired a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,692 shares of the company’s stock, valued at approximately $419,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BJ. Davis Capital Management bought a new position in BJ’s Wholesale Club during the 3rd quarter valued at $25,000. UMB Bank n.a. lifted its holdings 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 buying an additional 293 shares during the period. Reston Wealth Management LLC bought a new position in BJ’s Wholesale Club during the third quarter valued at about $41,000. Benjamin Edwards Inc. boosted its stake in BJ’s Wholesale Club by 394.5% during the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock valued at $55,000 after buying an additional 501 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in BJ’s Wholesale Club during the third quarter worth about $55,000. Institutional investors own 98.60% of the company’s stock.

Insider Buying and Selling

In related news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $36,221,502.24. This represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on BJ. Wells Fargo & Company upped their price target on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Citigroup raised their target price on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. TD Cowen lifted their price target on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. UBS Group raised their price objective on 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. Finally, Jefferies Financial Group lifted their target price on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and an average target price of $94.00.

BJ’s Wholesale Club Price Performance

Shares of BJ opened at $95.01 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 4.54 and a beta of 0.32. The business’s 50-day moving average is $93.38 and its 200-day moving average is $88.00. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $64.06 and a fifty-two week high of $100.74.

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 the consensus estimate 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 revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. Equities 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.