BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Shares Purchased by Principal Securities Inc.

Principal Securities Inc. boosted its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 27.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,210 shares of the company’s stock after purchasing an additional 910 shares during the quarter. Principal Securities Inc.’s holdings in BJ’s Wholesale Club were worth $376,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Reston Wealth Management LLC acquired a new stake in shares of BJ’s Wholesale Club in the 3rd quarter worth $41,000. UMB Bank n.a. increased its stake in shares of BJ’s Wholesale Club by 68.2% in the 4th quarter. UMB Bank n.a. now owns 624 shares of the company’s stock worth $56,000 after acquiring an additional 253 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of BJ’s Wholesale Club in the 3rd quarter worth $55,000. Blue Trust Inc. increased its stake in shares of BJ’s Wholesale Club by 198.6% in the 3rd quarter. Blue Trust Inc. now owns 863 shares of the company’s stock worth $76,000 after acquiring an additional 574 shares during the last quarter. Finally, Avior Wealth Management LLC increased its stake in shares of BJ’s Wholesale Club by 151.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,168 shares of the company’s stock worth $104,000 after acquiring an additional 703 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $101.44 on Friday. The stock has a 50-day simple moving average of $97.49 and a 200-day simple moving average of $90.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The stock has a market capitalization of $13.40 billion, a PE ratio of 24.38, a PEG ratio of 4.60 and a beta of 0.32. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $68.53 and a 1 year high of $108.00.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.29. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.12 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. On average, analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on BJ’s Wholesale Club from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. UBS Group increased 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. Jefferies Financial Group increased 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. Citigroup increased 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. Finally, Morgan Stanley increased 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 investment 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $94.88.

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.