Valley Wealth Managers Inc. Decreases Stock Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Valley Wealth Managers Inc. trimmed its holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,108 shares of the company’s stock after selling 2,906 shares during the quarter. Valley Wealth Managers Inc. owned about 0.15% of BJ’s Wholesale Club worth $18,237,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Neo Ivy Capital Management purchased a new position in BJ’s Wholesale Club in the 3rd quarter worth approximately $828,000. Sanctuary Advisors LLC lifted its stake in BJ’s Wholesale Club by 129.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock worth $3,215,000 after purchasing an additional 21,957 shares in the last quarter. Victory Capital Management Inc. lifted its stake in BJ’s Wholesale Club by 3.5% in the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after purchasing an additional 217,385 shares in the last quarter. Oak Harvest Investment Services purchased a new stake in shares of BJ’s Wholesale Club during the 4th quarter valued at approximately $670,000. Finally, Quantinno Capital Management LP raised its position in shares of BJ’s Wholesale Club by 44.6% during the 3rd 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. 98.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BJ has been the topic of a number of recent research reports. TD Cowen upped their price objective on BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Roth Mkm increased their target price 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. Citigroup increased their target price on BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Morgan Stanley increased their target price 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, Wells Fargo & Company increased their target price on BJ’s Wholesale Club from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $94.88.

BJ’s Wholesale Club Price Performance

Shares of BJ opened at $105.97 on Tuesday. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $68.30 and a fifty-two week high of $108.00. The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of 4.69 and a beta of 0.32. The firm has a 50-day simple moving average of $97.05 and a 200-day simple moving average of $89.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.29. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

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.