KLP Kapitalforvaltning AS Invests $2.48 Million in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

KLP Kapitalforvaltning AS bought a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 27,800 shares of the company’s stock, valued at approximately $2,484,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BJ. Knights of Columbus Asset Advisors LLC boosted its holdings in BJ’s Wholesale Club by 8.1% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 62,995 shares of the company’s stock valued at $5,629,000 after purchasing an additional 4,737 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of BJ’s Wholesale Club by 66.2% in the fourth quarter. American Century Companies Inc. now owns 377,036 shares of the company’s stock worth $33,688,000 after buying an additional 150,205 shares during the last quarter. Virtu Financial LLC acquired a new stake in BJ’s Wholesale Club during the fourth quarter worth about $1,023,000. TD Private Client Wealth LLC raised its position in BJ’s Wholesale Club by 4.3% during the fourth quarter. TD Private Client Wealth LLC now owns 18,901 shares of the company’s stock valued at $1,689,000 after acquiring an additional 781 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in BJ’s Wholesale Club in the fourth quarter valued at approximately $904,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BJ shares. Barclays raised their price objective on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. DA Davidson lifted their price objective on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a report on Friday, March 7th. Wells Fargo & Company reiterated an “overweight” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Loop Capital raised their target price on BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “hold” rating in a research report on Friday, March 7th. Finally, TD Cowen upped their price target on BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.71.

BJ’s Wholesale Club Stock Up 0.9 %

NYSE BJ opened at $110.51 on Thursday. BJ’s Wholesale Club Holdings, Inc. has a one year low of $71.81 and a one year high of $118.40. 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 business has a fifty day moving average price of $104.24 and a 200 day moving average price of $94.34. The company has a market cap of $14.55 billion, a P/E ratio of 26.56, a P/E/G ratio of 4.50 and a beta of 0.28.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.07. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. Research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP William C. Werner sold 20,000 shares of BJ’s Wholesale Club stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total transaction of $2,208,200.00. Following the transaction, the executive vice president now owns 31,308 shares in the company, valued at $3,456,716.28. The trade was a 38.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Allan Steele sold 11,813 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the completion of the sale, the director now directly owns 24,351 shares of the company’s stock, valued at $2,619,924.09. This represents a 32.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

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.