Lecap Asset Management Ltd. Purchases New Shares in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Lecap Asset Management Ltd. acquired a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,061 shares of the company’s stock, valued at approximately $631,000.

Several other institutional investors have also added to or reduced their stakes in BJ. UMB Bank n.a. increased its position in shares of BJ’s Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after buying an additional 293 shares during the period. Reston Wealth Management LLC bought a new stake in BJ’s Wholesale Club during the 3rd quarter valued at approximately $41,000. Wilmington Savings Fund Society FSB purchased a new position in shares of BJ’s Wholesale Club during the 3rd quarter worth approximately $55,000. Blue Trust Inc. raised its position 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 in the last quarter. Finally, Avior Wealth Management LLC lifted 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 valued at $104,000 after purchasing an additional 703 shares during the period. 98.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Roth Mkm upped their price target on BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. Citigroup upped 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. Wells Fargo & Company lifted their price target on shares of 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. Morgan Stanley upped their price objective on shares of 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. Finally, Jefferies Financial Group lifted their target price on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Seven 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.00.

BJ’s Wholesale Club Trading Down 1.1 %

Shares of NYSE:BJ opened at $104.46 on Friday. 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 Holdings, Inc. has a 1 year low of $66.15 and a 1 year high of $105.97. The company has a market cap of $13.80 billion, a P/E ratio of 25.11, a PEG ratio of 4.66 and a beta of 0.32. The stock’s fifty day moving average price is $95.79 and its 200-day moving average price is $89.09.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results 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. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.12 billion. During the same quarter in the prior year, the business earned $0.98 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

BJ’s Wholesale Club Company 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.