Summit Trail Advisors LLC Increases Stock Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Summit Trail Advisors LLC grew its stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,444 shares of the company’s stock after buying an additional 248 shares during the period. Summit Trail Advisors LLC’s holdings in BJ’s Wholesale Club were worth $1,023,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BJ. Neo Ivy Capital Management bought a new position in BJ’s Wholesale Club during the third quarter valued at approximately $828,000. Sanctuary Advisors LLC grew its holdings in shares of BJ’s Wholesale Club by 129.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock valued at $3,215,000 after purchasing an additional 21,957 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of BJ’s Wholesale Club by 3.5% during the 3rd 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. Oak Harvest Investment Services bought a new stake in BJ’s Wholesale Club in the fourth quarter worth $670,000. Finally, Quantinno Capital Management LP boosted its position in BJ’s Wholesale Club by 44.6% during the third quarter. Quantinno Capital Management LP now owns 23,900 shares of the company’s stock valued at $1,971,000 after buying an additional 7,374 shares during the period. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $106.89 on Wednesday. BJ’s Wholesale Club Holdings, Inc. has a 1 year low of $66.96 and a 1 year high of $107.29. The stock has a market capitalization of $14.12 billion, a P/E ratio of 25.69, a P/E/G ratio of 4.69 and a beta of 0.32. The company’s 50-day moving average is $96.22 and its 200 day moving average is $89.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.29. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.12 billion. During the same period in the previous year, the firm posted $0.98 EPS. The business’s revenue was up 3.5% on a year-over-year basis. On average, sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on BJ. Citigroup lifted their price objective on BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Jefferies Financial Group lifted their price target on 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. Roth Mkm boosted their price objective on BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. TD Cowen raised their target price 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. Finally, Wells Fargo & Company lifted their target price 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. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.88.

BJ’s Wholesale Club Company Profile

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.