Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 14.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,103 shares of the company’s stock after acquiring an additional 4,133 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in BJ’s Wholesale Club were worth $2,958,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BJ. FMR LLC boosted its holdings in BJ’s Wholesale Club by 7.2% during the third quarter. FMR LLC now owns 14,357,118 shares of the company’s stock worth $1,184,175,000 after buying an additional 966,528 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in BJ’s Wholesale Club during the fourth quarter worth $85,550,000. Massachusetts Financial Services Co. MA boosted its holdings in BJ’s Wholesale Club by 60.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock worth $196,929,000 after buying an additional 896,263 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in BJ’s Wholesale Club by 4,834.5% during the third quarter. Rockefeller Capital Management L.P. now owns 625,205 shares of the company’s stock worth $51,567,000 after buying an additional 612,535 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in BJ’s Wholesale Club by 280.5% during the third quarter. Jennison Associates LLC now owns 533,336 shares of the company’s stock worth $43,990,000 after buying an additional 393,181 shares in the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BJ. Morgan Stanley increased their price target on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday, March 7th. Robert W. Baird increased their price objective on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Citigroup increased their price objective on shares of BJ’s Wholesale Club from $101.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Finally, Jefferies Financial Group increased their price objective 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 eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.71.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock opened at $109.10 on Friday. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $71.81 and a 12-month high of $118.40. The stock 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 50-day moving average price of $101.50 and a 200 day moving average price of $92.60. 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 released its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.07. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.29 billion. Sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current 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.