Cooper Financial Group Boosts Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Cooper Financial Group raised its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 12.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,876 shares of the company’s stock after buying an additional 637 shares during the quarter. Cooper Financial Group’s holdings in BJ’s Wholesale Club were worth $525,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of 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 in the last quarter. Victory Capital Management Inc. grew its stake in shares of BJ’s Wholesale Club by 3.5% in the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after buying an additional 217,385 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of BJ’s Wholesale Club by 7.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company’s stock worth $408,926,000 after buying an additional 337,217 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of BJ’s Wholesale Club by 158.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock valued at $368,044,000 after buying an additional 2,571,709 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of BJ’s Wholesale Club by 1.1% in the 3rd quarter. State Street Corp now owns 4,045,590 shares of the company’s stock valued at $333,680,000 after acquiring an additional 45,288 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

BJ opened at $96.13 on Tuesday. The company has a market capitalization of $12.70 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 4.69 and a beta of 0.32. 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 Holdings, Inc. has a 12-month low of $64.06 and a 12-month high of $100.74. The business’s fifty day simple moving average is $93.01 and its 200-day simple moving average is $87.81.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.29. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.12 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 EPS. On average, equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wells Fargo & Company upped their price objective on 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. TD Cowen raised their price target on BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. UBS Group boosted their price objective on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Roth Mkm raised their target price on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. Finally, Jefferies Financial Group upped their price target 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 assigned a buy rating to the company. According to MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and an average price target of $94.00.

Insider Activity

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the completion of the sale, the chief executive officer now owns 423,792 shares in the company, valued at $36,221,502.24. This represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company’s stock.

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.