Union Bancaire Privee UBP SA increased its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Free Report) by 81.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,026 shares of the company’s stock after acquiring an additional 5,381 shares during the period. Union Bancaire Privee UBP SA’s holdings in BJ’s Wholesale Club were worth $1,100,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in BJ’s Wholesale Club by 1.8% in the fourth quarter. GAMMA Investing LLC now owns 6,573 shares of the company’s stock worth $592,000 after purchasing an additional 119 shares during the last quarter. Strategic Investment Advisors MI purchased a new stake in shares of BJ’s Wholesale Club during the 3rd quarter valued at $254,000. Mirabella Financial Services LLP increased its position in shares of BJ’s Wholesale Club by 158.2% during the 3rd quarter. Mirabella Financial Services LLP now owns 21,167 shares of the company’s stock valued at $1,970,000 after purchasing an additional 12,970 shares during the last quarter. Allworth Financial LP raised its stake in shares of BJ’s Wholesale Club by 30.3% during the 3rd quarter. Allworth Financial LP now owns 959 shares of the company’s stock worth $89,000 after purchasing an additional 223 shares during the period. Finally, Swiss Life Asset Management Ltd raised its stake in shares of BJ’s Wholesale Club by 78.5% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 6,098 shares of the company’s stock worth $569,000 after purchasing an additional 2,681 shares during the period. 98.60% of the stock is owned by hedge funds and other institutional investors.
BJ’s Wholesale Club Stock Performance
NYSE:BJ opened at $97.21 on Friday. The business’s fifty day moving average is $96.93 and its 200 day moving average is $94.21. The firm has a market cap of $12.61 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 3.36 and a beta of 0.36. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 0.75. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $86.68 and a 52-week high of $121.10.
Wall Street Analyst Weigh In
Several research firms recently weighed in on BJ. William Blair restated a “mixed” rating on shares of BJ’s Wholesale Club in a research report on Thursday, March 5th. UBS Group reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday, November 24th. JPMorgan Chase & Co. boosted their target price on shares of BJ’s Wholesale Club from $90.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Citigroup reissued a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, February 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BJ’s Wholesale Club in a research note on Monday, December 29th. Nine analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $107.63.
Read Our Latest Research Report on BJ
BJ’s Wholesale Club Profile
BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.
Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.
Further Reading
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