Lecap Asset Management Ltd. Takes Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Lecap Asset Management Ltd. acquired a new stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,061 shares of the company’s stock, valued at approximately $631,000.

Other hedge funds also recently bought and sold shares of the company. FMR LLC boosted its holdings in BJ’s Wholesale Club by 7.2% in the 3rd quarter. FMR LLC now owns 14,357,118 shares of the company’s stock valued at $1,184,175,000 after purchasing an additional 966,528 shares during the period. Victory Capital Management Inc. raised its position in shares of BJ’s Wholesale Club by 3.5% in the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after buying an additional 217,385 shares in the last quarter. Franklin Resources Inc. grew its position in BJ’s Wholesale Club by 7.6% during the third quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company’s stock worth $408,926,000 after buying an additional 337,217 shares in the last quarter. State Street Corp grew its position in BJ’s Wholesale Club by 1.1% during the third quarter. State Street Corp now owns 4,045,590 shares of the company’s stock worth $333,680,000 after buying an additional 45,288 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in BJ’s Wholesale Club by 60.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock worth $196,929,000 after acquiring an additional 896,263 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. TD Cowen lifted their price target on BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Roth Mkm boosted their price target on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. 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 research report on Thursday, November 21st. UBS Group upped their target price on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, Wells Fargo & Company increased their target price on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and a consensus target price of $94.00.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $104.46 on Friday. 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 Holdings, Inc. has a fifty-two week low of $66.15 and a fifty-two week high of $105.97. The company has a market capitalization of $13.80 billion, a P/E ratio of 25.11, a PEG ratio of 4.66 and a beta of 0.32. The stock has a 50 day moving average price of $95.79 and a two-hundred day moving average price of $89.09.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, November 21st. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.12 billion. During the same period in the prior year, the business posted $0.98 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. Analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

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.