EverSource Wealth Advisors LLC Raises Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

EverSource Wealth Advisors LLC raised its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,430 shares of the company’s stock after purchasing an additional 174 shares during the period. EverSource Wealth Advisors LLC’s holdings in BJ’s Wholesale Club were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of BJ. Neo Ivy Capital Management purchased a new position in BJ’s Wholesale Club in the third quarter valued at $828,000. Sanctuary Advisors LLC increased its holdings in shares of BJ’s Wholesale Club by 129.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock valued at $3,215,000 after acquiring an additional 21,957 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of BJ’s Wholesale Club during the 4th quarter worth about $307,000. Oak Harvest Investment Services purchased a new stake in BJ’s Wholesale Club during the fourth quarter worth approximately $670,000. Finally, Navellier & Associates Inc. acquired a new position in BJ’s Wholesale Club in the fourth quarter valued at approximately $223,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ opened at $109.10 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $71.81 and a 52 week high of $118.40. The company has a 50-day moving average price of $101.50 and a 200 day moving average price of $92.60. The company has a market cap of $14.41 billion, a P/E ratio of 26.23, a PEG ratio of 4.50 and a beta of 0.28. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. Research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BJ. TD Cowen raised their price objective on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Wells Fargo & Company reiterated an “overweight” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. Jefferies Financial Group raised their price objective on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Loop Capital boosted their target price on BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “hold” rating in a report on Friday, March 7th. Finally, DA Davidson raised their price target on BJ’s Wholesale Club from $123.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and an average price target of $108.71.

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.