Intrepid Capital Management Inc. Acquires 2,390 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Intrepid Capital Management Inc. raised its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 12.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 22,118 shares of the company’s stock after purchasing an additional 2,390 shares during the quarter. Intrepid Capital Management Inc.’s holdings in BJ’s Wholesale Club were worth $1,976,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. boosted its stake in BJ’s Wholesale Club by 0.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company’s stock worth $1,787,000 after acquiring an additional 105 shares during the last quarter. Lifestyle Asset Management Inc. raised its holdings in BJ’s Wholesale Club by 0.8% in the fourth quarter. Lifestyle Asset Management Inc. now owns 13,329 shares of the company’s stock worth $1,191,000 after purchasing an additional 108 shares during the period. Gateway Investment Advisers LLC boosted its position in shares of BJ’s Wholesale Club by 0.7% during the fourth quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company’s stock worth $1,353,000 after purchasing an additional 111 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of BJ’s Wholesale Club by 4.6% in the 4th quarter. Venturi Wealth Management LLC now owns 2,983 shares of the company’s stock valued at $267,000 after buying an additional 132 shares during the period. Finally, Cornerstone Investment Partners LLC increased its position in shares of BJ’s Wholesale Club by 2.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 5,262 shares of the company’s stock valued at $470,000 after buying an additional 132 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. DA Davidson lifted their target price on BJ’s Wholesale Club from $123.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Evercore ISI decreased their price objective on BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating for the company in a research report on Tuesday. Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. Finally, Morgan Stanley increased their price objective on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.94.

Insider Activity

In other BJ’s Wholesale Club news, EVP William C. Werner sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total transaction of $2,208,200.00. Following the completion of the sale, the executive vice president now directly owns 31,308 shares in the company, valued at $3,456,716.28. This trade represents a 38.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert Allan Steele sold 11,813 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the completion of the transaction, the director now directly owns 24,351 shares in the company, valued at $2,619,924.09. The trade was a 32.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Stock Up 0.8 %

BJ stock opened at $115.00 on Wednesday. The company has a market cap of $15.14 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 4.50 and a beta of 0.28. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $71.81 and a twelve month high of $118.40. The business has a 50 day moving average price of $105.68 and a two-hundred day moving average price of $95.40. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last released its 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 net margin of 2.71% and a return on equity of 35.41%. The business had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.29 billion. Analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

About BJ’s Wholesale Club

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.