Hussman Strategic Advisors Inc. Purchases New Shares in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Hussman Strategic Advisors Inc. purchased a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,500 shares of the company’s stock, valued at approximately $938,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ieq Capital LLC purchased a new stake in BJ’s Wholesale Club in the fourth quarter worth $2,655,000. Alberta Investment Management Corp purchased a new stake in BJ’s Wholesale Club in the fourth quarter worth $2,244,000. Kestra Investment Management LLC increased its stake in BJ’s Wholesale Club by 27.3% in the fourth quarter. Kestra Investment Management LLC now owns 6,608 shares of the company’s stock worth $590,000 after purchasing an additional 1,416 shares during the period. Venturi Wealth Management LLC increased its stake in shares of BJ’s Wholesale Club by 4.6% during the fourth quarter. Venturi Wealth Management LLC now owns 2,983 shares of the company’s stock valued at $267,000 after buying an additional 132 shares during the period. Finally, CIBC Asset Management Inc increased its stake in shares of BJ’s Wholesale Club by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 4,123 shares of the company’s stock valued at $368,000 after buying an additional 217 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $103.58 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. The company has a market cap of $13.68 billion, a PE ratio of 24.90, a P/E/G ratio of 4.67 and a beta of 0.32. The business has a 50-day simple moving average of $97.41 and a two-hundred day simple moving average of $90.18. BJ’s Wholesale Club Holdings, Inc. has a fifty-two week low of $68.43 and a fifty-two week high of $108.00.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly 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. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $0.98 earnings per share. As a group, equities analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BJ shares. TD Cowen raised their price target on BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Morgan Stanley raised their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Roth Mkm raised their price target on BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. UBS Group raised their price target on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Citigroup raised their price target on BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $94.88.

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.