Congress Asset Management Co. Grows Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Congress Asset Management Co. grew its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 18.3% in the fourth quarter, Holdings Channel reports. The firm owned 218,957 shares of the company’s stock after purchasing an additional 33,886 shares during the period. Congress Asset Management Co.’s holdings in BJ’s Wholesale Club were worth $19,564,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BJ. Neo Ivy Capital Management purchased a new position in BJ’s Wholesale Club in the third quarter worth $828,000. Sanctuary Advisors LLC grew its position in BJ’s Wholesale Club by 129.0% in the third quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock worth $3,215,000 after acquiring an additional 21,957 shares in the last quarter. Victory Capital Management Inc. grew its position in BJ’s Wholesale Club by 3.5% in the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after acquiring an additional 217,385 shares in the last quarter. Oak Harvest Investment Services purchased a new position in BJ’s Wholesale Club in the fourth quarter worth $670,000. Finally, Quantinno Capital Management LP grew its position in BJ’s Wholesale Club by 44.6% in the third quarter. Quantinno Capital Management LP now owns 23,900 shares of the company’s stock worth $1,971,000 after acquiring an additional 7,374 shares in the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BJ. Roth Mkm upped their target price on shares of 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. Citigroup boosted their price target on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Jefferies Financial Group boosted their price target on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company boosted their price target on shares of BJ’s Wholesale Club from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, Morgan Stanley boosted their price target on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $94.88.

BJ’s Wholesale Club Stock Performance

Shares of NYSE:BJ opened at $105.97 on Monday. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $68.30 and a 12 month high of $108.00. The company has a market cap of $14.00 billion, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of 4.69 and a beta of 0.32. The company has a 50-day moving average price of $96.84 and a 200-day moving average price of $89.72. 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 (NYSE:BJ) last released its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.29. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.12 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. BJ’s Wholesale Club’s revenue was up 3.5% on a year-over-year basis. As a group, equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current year.

BJ’s Wholesale Club Company 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.