Milestone Asset Management LLC Purchases New Stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Milestone Asset Management LLC purchased a new stake in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,863 shares of the company’s stock, valued at approximately $1,060,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Foster Victor Wealth Advisors LLC increased its position in BJ’s Wholesale Club by 3.8% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 140,795 shares of the company’s stock valued at $13,383,000 after purchasing an additional 5,205 shares during the period. KBC Group NV increased its position in BJ’s Wholesale Club by 47.3% during the 4th quarter. KBC Group NV now owns 5,088 shares of the company’s stock valued at $455,000 after purchasing an additional 1,634 shares during the period. Union Bancaire Privee UBP SA purchased a new position in BJ’s Wholesale Club during the 4th quarter valued at $2,049,000. Blue Trust Inc. increased its position in BJ’s Wholesale Club by 120.7% during the 4th quarter. Blue Trust Inc. now owns 1,905 shares of the company’s stock valued at $157,000 after purchasing an additional 1,042 shares during the period. Finally, Vista Investment Partners LLC increased its position in BJ’s Wholesale Club by 1.2% during the 4th quarter. Vista Investment Partners LLC now owns 48,976 shares of the company’s stock valued at $4,376,000 after purchasing an additional 557 shares during the period. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $99.08 on Thursday. The company has a 50 day moving average price of $94.95 and a 200-day moving average price of $88.50. BJ’s Wholesale Club Holdings, Inc. has a 52 week low of $64.06 and a 52 week high of $100.74. The firm has a market capitalization of $13.09 billion, a PE ratio of 23.82, a P/E/G ratio of 4.48 and a beta of 0.32. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results 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 net margin of 2.71% and a return on equity of 35.41%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 earnings per share. As a group, equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

Insider Buying and Selling

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the transaction, the chief executive officer now owns 423,792 shares of the company’s stock, valued at $36,221,502.24. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Citigroup boosted their price objective on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Wells Fargo & Company upped their target price on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. TD Cowen upped their target price on shares of 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 upped their target price on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Finally, Morgan Stanley upped their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.00.

About BJ’s Wholesale Club

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.