Golden State Equity Partners Increases Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Golden State Equity Partners increased its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 39.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,297 shares of the company’s stock after purchasing an additional 645 shares during the period. Golden State Equity Partners’ holdings in BJ’s Wholesale Club were worth $205,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its stake in BJ’s Wholesale Club by 7.2% in the third quarter. FMR LLC now owns 14,357,118 shares of the company’s stock valued at $1,184,175,000 after purchasing an additional 966,528 shares during the last quarter. Victory Capital Management Inc. grew its stake 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 valued at $531,118,000 after purchasing an additional 217,385 shares during the last quarter. Franklin Resources Inc. grew its stake in BJ’s Wholesale Club by 7.6% in the third quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company’s stock valued at $408,926,000 after purchasing an additional 337,217 shares during the last quarter. State Street Corp grew its stake in BJ’s Wholesale Club by 1.1% in the third quarter. State Street Corp now owns 4,045,590 shares of the company’s stock valued at $333,680,000 after purchasing an additional 45,288 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in BJ’s Wholesale Club by 60.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock valued at $196,929,000 after purchasing an additional 896,263 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Up 3.2 %

BJ’s Wholesale Club stock opened at $102.77 on Wednesday. The stock has a market capitalization of $13.57 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 4.66 and a beta of 0.32. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $64.06 and a 12 month high of $103.06. The business has a 50 day simple moving average of $95.28 and a 200-day simple moving average of $88.77. 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 posted its quarterly earnings data on Thursday, November 21st. The company reported $1.18 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 business 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 business earned $0.98 earnings per share. The business’s revenue was up 3.5% compared to the same quarter last year. On average, analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wells Fargo & Company raised their price target on BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Citigroup raised their price target on BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. 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 report on Thursday, November 21st. UBS Group raised their price target on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Morgan Stanley raised their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.