Opal Wealth Advisors LLC Invests $206,000 in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Opal Wealth Advisors LLC acquired a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,307 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its position 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 acquiring an additional 966,528 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of BJ’s Wholesale Club by 3.5% in the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock valued at $531,118,000 after purchasing an additional 217,385 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of BJ’s Wholesale Club by 7.6% in the third quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company’s stock valued at $408,926,000 after purchasing an additional 337,217 shares during the last quarter. State Street Corp increased its holdings in shares of BJ’s Wholesale Club by 1.1% in the third quarter. State Street Corp now owns 4,045,590 shares of the company’s stock valued at $333,680,000 after purchasing an additional 45,288 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of BJ’s Wholesale Club by 60.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock valued at $196,929,000 after purchasing an additional 896,263 shares during the last quarter. 98.60% of the stock is owned by institutional investors.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $106.43 on Tuesday. The company has a market cap of $14.06 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 4.69 and a beta of 0.32. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $66.96 and a 52 week high of $107.06. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $96.01 and a 200-day moving average of $89.20.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, November 21st. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.89 by $0.29. The company 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 company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. On average, equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BJ shares. Morgan Stanley upped 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. UBS Group increased their price objective on shares of 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. Jefferies Financial Group increased their price objective on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, TD Cowen increased 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 research note on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $94.88.

About BJ’s Wholesale Club

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.