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

Oppenheimer & Co. Inc. purchased a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,435 shares of the company’s stock, valued at approximately $307,000.

A number of other hedge funds also recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd boosted its stake in shares of BJ’s Wholesale Club by 33.3% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 8,371 shares of the company’s stock valued at $748,000 after purchasing an additional 2,092 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in BJ’s Wholesale Club in the 4th quarter valued at approximately $2,049,000. Navellier & Associates Inc. bought a new position in BJ’s Wholesale Club in the 4th quarter valued at approximately $223,000. Paradigm Asset Management Co. LLC raised its holdings in BJ’s Wholesale Club by 338.1% in the 4th quarter. Paradigm Asset Management Co. LLC now owns 9,200 shares of the company’s stock valued at $822,000 after buying an additional 7,100 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new position in BJ’s Wholesale Club in the 4th quarter valued at approximately $938,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $115.85 on Friday. The firm has a 50 day moving average of $99.35 and a 200-day moving average of $91.66. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $71.81 and a 52 week high of $116.00. 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 company has a market cap of $15.30 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. On average, equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Wall Street Analyst Weigh In

BJ has been the subject of a number of research reports. Jefferies Financial Group raised 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. DA Davidson raised their price target on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the stock a “buy” rating in a report on Friday. Loop Capital raised their price target on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a report on Friday. UBS Group raised their price target on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the stock a “buy” rating in a report on Friday. Finally, Robert W. Baird raised their price target on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.65.

BJ’s Wholesale Club Company 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.