Tectonic Advisors LLC Acquires 247 Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Tectonic Advisors LLC lifted its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,224 shares of the company’s stock after purchasing an additional 247 shares during the period. Tectonic Advisors LLC’s holdings in BJ’s Wholesale Club were worth $467,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BJ. Lifestyle Asset Management Inc. boosted its stake in BJ’s Wholesale Club by 0.8% in the fourth quarter. Lifestyle Asset Management Inc. now owns 13,329 shares of the company’s stock valued at $1,191,000 after acquiring an additional 108 shares during the last quarter. Gateway Investment Advisers LLC grew its holdings in BJ’s Wholesale Club by 0.7% during the fourth quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company’s stock valued at $1,353,000 after purchasing an additional 111 shares during the period. CIBC Asset Management Inc increased its position in BJ’s Wholesale Club by 3.3% in the third quarter. CIBC Asset Management Inc now owns 3,906 shares of the company’s stock worth $322,000 after buying an additional 123 shares during the last quarter. OLD National Bancorp IN raised its stake in shares of BJ’s Wholesale Club by 2.5% in the third quarter. OLD National Bancorp IN now owns 5,438 shares of the company’s stock valued at $449,000 after buying an additional 133 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its position in shares of BJ’s Wholesale Club by 5.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,710 shares of the company’s stock valued at $224,000 after buying an additional 133 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BJ shares. Jefferies Financial Group lifted their price objective on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Wells Fargo & Company upped their price target on shares of 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. Roth Mkm lifted their price objective on shares of 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 increased their target price on 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, Morgan Stanley lifted 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 report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, BJ’s Wholesale Club has an average rating of “Moderate Buy” and an average target price of $94.00.

BJ’s Wholesale Club Price Performance

BJ stock opened at $105.63 on Friday. The firm has a 50 day simple moving average of $95.62 and a two-hundred day simple moving average of $89.00. The stock has a market cap of $13.95 billion, a PE ratio of 25.39, a P/E/G ratio of 4.66 and a beta of 0.32. BJ’s Wholesale Club Holdings, Inc. has a one year low of $65.50 and a one year high of $105.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

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

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.