Ieq Capital LLC Buys Shares of 29,720 BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Ieq Capital LLC purchased a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 29,720 shares of the company’s stock, valued at approximately $2,655,000.

Other institutional investors also recently made changes to their positions in the company. FMR LLC increased its position in BJ’s Wholesale Club by 7.2% during the 3rd quarter. FMR LLC now owns 14,357,118 shares of the company’s stock worth $1,184,175,000 after purchasing an additional 966,528 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of BJ’s Wholesale Club by 60.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock worth $196,929,000 after purchasing an additional 896,263 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of BJ’s Wholesale Club by 4,834.5% during the third quarter. Rockefeller Capital Management L.P. now owns 625,205 shares of the company’s stock worth $51,567,000 after buying an additional 612,535 shares in the last quarter. Jennison Associates LLC raised its position in shares of BJ’s Wholesale Club by 280.5% in the third quarter. Jennison Associates LLC now owns 533,336 shares of the company’s stock valued at $43,990,000 after buying an additional 393,181 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of BJ’s Wholesale Club by 7.6% during the third quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company’s stock valued at $408,926,000 after buying an additional 337,217 shares during the period. 98.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on BJ. TD Cowen lifted their target price on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Jefferies Financial Group raised their price target on 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. Morgan Stanley upped their price objective on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. 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 research report on Wednesday, December 18th. Finally, Wells Fargo & Company upped 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 report on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $94.88.

BJ’s Wholesale Club Stock Down 2.1 %

Shares of NYSE BJ opened at $101.44 on Friday. The stock has a fifty day moving average price of $97.49 and a 200 day moving average price of $90.33. The company has a market cap of $13.40 billion, a P/E ratio of 24.38, a P/E/G ratio of 4.60 and a beta of 0.32. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $68.53 and a 12-month high of $108.00. 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 announced its earnings results on Thursday, November 21st. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.89 by $0.29. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. Research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

BJ’s Wholesale Club 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.