Cooper Financial Group Acquires 637 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Cooper Financial Group lifted its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 12.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,876 shares of the company’s stock after acquiring an additional 637 shares during the quarter. Cooper Financial Group’s holdings in BJ’s Wholesale Club were worth $525,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CIBC Asset Management Inc raised its holdings in BJ’s Wholesale Club by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 3,906 shares of the company’s stock worth $322,000 after purchasing an additional 123 shares in the last quarter. OLD National Bancorp IN raised its stake in BJ’s Wholesale Club by 2.5% in the third quarter. OLD National Bancorp IN now owns 5,438 shares of the company’s stock worth $449,000 after buying an additional 133 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in BJ’s Wholesale Club by 5.2% in the third quarter. Integrated Wealth Concepts LLC now owns 2,710 shares of the company’s stock worth $224,000 after buying an additional 133 shares during the period. Assetmark Inc. grew its holdings in shares of BJ’s Wholesale Club by 5.6% during the 3rd quarter. Assetmark Inc. now owns 2,582 shares of the company’s stock worth $213,000 after acquiring an additional 137 shares during the period. Finally, Vista Investment Partners LLC raised its position in shares of BJ’s Wholesale Club by 0.3% in the 3rd quarter. Vista Investment Partners LLC now owns 48,419 shares of the company’s stock worth $3,994,000 after acquiring an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

BJ opened at $96.13 on Tuesday. The firm has a market cap of $12.70 billion, a P/E ratio of 23.11, a PEG ratio of 4.69 and a beta of 0.32. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $64.06 and a 1-year high of $100.74. The company has a 50 day simple moving average of $93.01 and a two-hundred day simple moving average of $87.81. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

BJ’s Wholesale Club (NYSE:BJ) last issued 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 return on equity of 35.41% and a net margin of 2.71%. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.12 billion. During the same quarter in the prior year, the business posted $0.98 EPS. BJ’s Wholesale Club’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current fiscal year.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the completion of the sale, the chief executive officer now directly owns 423,792 shares of the company’s stock, valued at $36,221,502.24. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BJ has been the topic of several research reports. Wells Fargo & Company lifted their price target 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. Citigroup increased 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. Melius Research assumed coverage on shares of BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price on the stock. Morgan Stanley increased their price target on 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. Finally, Roth Mkm lifted their price objective on BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $94.00.

BJ’s Wholesale Club 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.