Alberta Investment Management Corp Invests $2.24 Million in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Alberta Investment Management Corp acquired a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 25,112 shares of the company’s stock, valued at approximately $2,244,000.

A number of other large investors have also bought and sold shares of the business. Reston Wealth Management LLC acquired a new stake in shares of BJ’s Wholesale Club in the 3rd quarter valued at about $41,000. Wilmington Savings Fund Society FSB bought a new position in shares of BJ’s Wholesale Club during the third quarter worth about $55,000. UMB Bank n.a. raised its position in BJ’s Wholesale Club by 68.2% in the 4th quarter. UMB Bank n.a. now owns 624 shares of the company’s stock valued at $56,000 after buying an additional 253 shares during the last quarter. Blue Trust Inc. lifted its stake in BJ’s Wholesale Club by 198.6% in the 3rd quarter. Blue Trust Inc. now owns 863 shares of the company’s stock valued at $76,000 after acquiring an additional 574 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its position in BJ’s Wholesale Club by 151.2% during 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.

BJ’s Wholesale Club Trading Down 2.1 %

BJ stock opened at $101.44 on Friday. BJ’s Wholesale Club Holdings, Inc. has a one year low of $68.53 and a one year high of $108.00. The stock has a market cap of $13.40 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 4.68 and a beta of 0.32. The company has a fifty day moving average price of $97.49 and a two-hundred day moving average price of $90.30. 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 announced its earnings results on Thursday, November 21st. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.89 by $0.29. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.12 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. BJ’s Wholesale Club’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. Equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BJ shares. UBS Group lifted 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 report on Friday, November 22nd. Morgan Stanley lifted their price target on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Wells Fargo & Company increased their price objective on shares of BJ’s Wholesale Club from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Jefferies Financial Group raised their price objective on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, TD Cowen upped their target price on BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $94.88.

About BJ’s Wholesale Club

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.