Paradigm Asset Management Co. LLC Buys 7,100 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Paradigm Asset Management Co. LLC lifted its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 338.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,200 shares of the company’s stock after acquiring an additional 7,100 shares during the period. Paradigm Asset Management Co. LLC’s holdings in BJ’s Wholesale Club were worth $822,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Reston Wealth Management LLC acquired a new stake in BJ’s Wholesale Club in the third quarter valued at approximately $41,000. UMB Bank n.a. grew its stake in shares of BJ’s Wholesale Club by 68.2% during the fourth 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 position in shares of BJ’s Wholesale Club during the third quarter valued at about $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 valued at $76,000 after purchasing an additional 574 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its stake in 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 purchasing an additional 703 shares in the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on BJ. Wells Fargo & Company raised their price target on shares of 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 upped their target price on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Citigroup upped their price objective on 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. Morgan Stanley lifted their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. Finally, Roth Mkm increased their price target 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. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $94.88.

BJ’s Wholesale Club Price Performance

NYSE:BJ opened at $101.44 on Friday. The stock has a 50 day moving average of $97.49 and a two-hundred day moving average of $90.30. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $68.53 and a 12 month high of $108.00. The firm has a market cap of $13.40 billion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 4.68 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 (NYSE:BJ) last issued its quarterly 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 firm 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 firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 earnings per share. On average, analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

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.