7,500 Shares in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Bought by Oak Harvest Investment Services

Oak Harvest Investment Services bought a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,500 shares of the company’s stock, valued at approximately $670,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BJ. OLD National Bancorp IN increased its holdings in BJ’s Wholesale Club by 3.5% in the fourth quarter. OLD National Bancorp IN now owns 5,627 shares of the company’s stock valued at $503,000 after buying an additional 189 shares in the last quarter. Milestone Asset Management LLC purchased a new position in shares of BJ’s Wholesale Club during the 4th quarter worth $1,060,000. Foster Victor Wealth Advisors LLC increased its holdings in BJ’s Wholesale Club by 3.8% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 140,795 shares of the company’s stock valued at $13,383,000 after purchasing an additional 5,205 shares during the last quarter. KBC Group NV boosted its stake 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 valued at $455,000 after purchasing an additional 1,634 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in BJ’s Wholesale Club during the 4th quarter worth $2,049,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock opened at $100.01 on Friday. The firm has a market capitalization of $13.21 billion, a P/E ratio of 24.04, a PEG ratio of 4.48 and a beta of 0.32. The business has a 50-day moving average of $95.10 and a 200-day moving average of $88.58. 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 1 year low of $64.06 and a 1 year high of $100.74.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) 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 firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.12 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BJ. Wells Fargo & Company raised their target price on BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Morgan Stanley lifted their price target on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. Citigroup lifted their price objective on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Roth Mkm lifted their target price 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. Finally, UBS Group lifted their price target on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, BJ’s Wholesale Club has an average rating of “Moderate Buy” and a consensus price target of $94.00.

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.