Kestra Investment Management LLC Purchases 1,416 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Kestra Investment Management LLC increased its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 27.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,608 shares of the company’s stock after purchasing an additional 1,416 shares during the quarter. Kestra Investment Management LLC’s holdings in BJ’s Wholesale Club were worth $590,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BJ. FMR LLC lifted its position in BJ’s Wholesale Club by 7.2% in the third quarter. FMR LLC now owns 14,357,118 shares of the company’s stock worth $1,184,175,000 after purchasing an additional 966,528 shares during the period. Massachusetts Financial Services Co. MA lifted its position in 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 worth $196,929,000 after purchasing an additional 896,263 shares during the period. Rockefeller Capital Management L.P. lifted its position in BJ’s Wholesale Club by 4,834.5% in the third quarter. Rockefeller Capital Management L.P. now owns 625,205 shares of the company’s stock worth $51,567,000 after purchasing an additional 612,535 shares during the period. Jennison Associates LLC lifted its position in BJ’s Wholesale Club by 280.5% in the third quarter. Jennison Associates LLC now owns 533,336 shares of the company’s stock worth $43,990,000 after purchasing an additional 393,181 shares during the period. Finally, Franklin Resources Inc. lifted its position in 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 worth $408,926,000 after purchasing an additional 337,217 shares during the period. 98.60% of the stock is owned by institutional investors.

BJ’s Wholesale Club Price Performance

Shares of BJ stock opened at $105.23 on Wednesday. The stock has a 50-day moving average price of $97.19 and a 200 day moving average price of $89.98. 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 market cap of $13.90 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 4.69 and a beta of 0.32. BJ’s Wholesale Club Holdings, Inc. has a 12 month low of $68.36 and a 12 month high of $108.00.

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 analysts’ consensus estimates of $0.89 by $0.29. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.12 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. Research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current year.

Wall Street Analysts Forecast Growth

BJ has been the subject of a number of analyst reports. TD Cowen lifted their price objective on BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Roth Mkm lifted their price objective on BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Jefferies Financial Group lifted their price objective on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Morgan Stanley lifted their price objective on BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. Finally, UBS Group lifted their price objective on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, BJ’s Wholesale Club has a consensus 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.