Inspire Advisors LLC Purchases 1,977 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Inspire Advisors LLC grew its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 21.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,004 shares of the company’s stock after buying an additional 1,977 shares during the period. Inspire Advisors LLC’s holdings in BJ’s Wholesale Club were worth $983,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of 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. Raymond James Financial Inc. bought a new position in shares of BJ’s Wholesale Club in the fourth quarter worth $85,550,000. Massachusetts Financial Services Co. MA increased its position 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 worth $196,929,000 after purchasing an additional 896,263 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of 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. Finally, Jennison Associates LLC increased its position in shares of 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. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock opened at $115.44 on Tuesday. The stock’s 50 day moving average is $99.86 and its 200 day moving average is $91.93. 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 firm has a market cap of $15.25 billion, a P/E ratio of 27.75, a P/E/G ratio of 4.50 and a beta of 0.28. BJ’s Wholesale Club Holdings, Inc. has a one year low of $71.81 and a one year high of $118.40.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.29 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. As a group, research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BJ shares. Wells Fargo & Company reiterated an “overweight” rating on shares of BJ’s Wholesale Club in a research report on Friday. JPMorgan Chase & Co. lifted their target price on BJ’s Wholesale Club from $87.00 to $101.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. UBS Group lifted their target price on BJ’s Wholesale Club from $108.00 to $130.00 and gave the company a “buy” rating in a research report on Friday. DA Davidson lifted their target price on BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a research report on Friday. Finally, Cowen reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $108.71.

About BJ’s Wholesale Club

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.