Navellier & Associates Inc. Makes New Investment in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Navellier & Associates Inc. purchased a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the fourth quarter, Holdings Channel.com reports. The firm purchased 2,496 shares of the company’s stock, valued at approximately $223,000.

A number of other institutional investors have also bought and sold shares of BJ. Lifestyle Asset Management Inc. grew its position in shares of BJ’s Wholesale Club by 0.8% during the fourth quarter. Lifestyle Asset Management Inc. now owns 13,329 shares of the company’s stock valued at $1,191,000 after purchasing an additional 108 shares in the last quarter. Gateway Investment Advisers LLC grew its position in shares of BJ’s Wholesale Club by 0.7% during the fourth quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company’s stock valued at $1,353,000 after purchasing an additional 111 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of BJ’s Wholesale Club by 3.3% during the third quarter. CIBC Asset Management Inc now owns 3,906 shares of the company’s stock valued at $322,000 after purchasing an additional 123 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of BJ’s Wholesale Club by 4.6% during the fourth quarter. Venturi Wealth Management LLC now owns 2,983 shares of the company’s stock valued at $267,000 after purchasing an additional 132 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its position in shares of BJ’s Wholesale Club by 5.2% during the third quarter. Integrated Wealth Concepts LLC now owns 2,710 shares of the company’s stock valued at $224,000 after purchasing an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Down 2.1 %

Shares of NYSE BJ opened at $101.44 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The company has a market cap of $13.40 billion, a P/E ratio of 24.38, a PEG ratio of 4.60 and a beta of 0.32. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $68.53 and a 1 year high of $108.00. The firm has a 50-day simple moving average of $97.49 and a two-hundred day simple moving average of $90.38.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data 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 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%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share. Research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. TD Cowen raised their price objective on BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Citigroup raised their price objective on BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Wells Fargo & Company increased their price target on shares of BJ’s Wholesale Club from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Roth Mkm increased their price target on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Finally, Jefferies Financial Group increased 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 research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.88.

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.