Zurcher Kantonalbank Zurich Cantonalbank Has $1.57 Million Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 10.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 23,537 shares of the company’s stock after purchasing an additional 2,147 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in BJ’s Wholesale Club were worth $1,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Global Retirement Partners LLC lifted its stake in shares of BJ’s Wholesale Club by 45.3% during the 3rd quarter. Global Retirement Partners LLC now owns 491 shares of the company’s stock worth $34,000 after buying an additional 153 shares during the last quarter. First Horizon Advisors Inc. increased its position in BJ’s Wholesale Club by 23.9% during the third quarter. First Horizon Advisors Inc. now owns 824 shares of the company’s stock worth $59,000 after acquiring an additional 159 shares during the period. Portside Wealth Group LLC increased its position in BJ’s Wholesale Club by 3.7% during the fourth quarter. Portside Wealth Group LLC now owns 6,805 shares of the company’s stock worth $454,000 after acquiring an additional 241 shares during the period. Tectonic Advisors LLC increased its position in BJ’s Wholesale Club by 7.9% during the fourth quarter. Tectonic Advisors LLC now owns 3,544 shares of the company’s stock worth $236,000 after acquiring an additional 260 shares during the period. Finally, Dfpg Investments LLC increased its position in BJ’s Wholesale Club by 6.0% during the fourth quarter. Dfpg Investments LLC now owns 4,904 shares of the company’s stock worth $322,000 after acquiring an additional 278 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

Wall Street Analyst Weigh In

BJ has been the topic of a number of recent research reports. Evercore ISI lowered their price target on shares of BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. JPMorgan Chase & Co. raised their price target on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an “underweight” rating in a research report on Friday, March 1st. Loop Capital reaffirmed a “hold” rating and set a $80.00 price target (down from $85.00) on shares of BJ’s Wholesale Club in a research report on Thursday, April 18th. The Goldman Sachs Group raised shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and raised their price target for the stock from $81.00 to $87.00 in a research report on Monday, April 8th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $70.00 target price (down from $73.00) on shares of BJ’s Wholesale Club in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $74.40.

BJ’s Wholesale Club Stock Up 0.8 %

Shares of NYSE BJ opened at $76.37 on Friday. The company has a market capitalization of $10.15 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 3.24 and a beta of 0.26. BJ’s Wholesale Club Holdings, Inc. has a 52-week low of $60.33 and a 52-week high of $80.42. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.14 and a current ratio of 0.73. The company’s 50 day moving average price is $74.48 and its 200-day moving average price is $69.56.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, March 7th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.38 billion. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.00 EPS. Equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

Insider Transactions at BJ’s Wholesale Club

In other news, Director Christopher J. Baldwin sold 73,062 shares of BJ’s Wholesale Club stock in a transaction on Monday, March 11th. The shares were sold at an average price of $73.95, for a total value of $5,402,934.90. Following the completion of the sale, the director now owns 173,294 shares in the company, valued at approximately $12,815,091.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $76.70, for a total transaction of $843,700.00. Following the completion of the sale, the chief executive officer now owns 500,792 shares in the company, valued at approximately $38,410,746.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher J. Baldwin sold 73,062 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the sale, the director now owns 173,294 shares of the company’s stock, valued at approximately $12,815,091.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,840 shares of company stock worth $7,408,605. Company insiders own 2.20% of the company’s stock.

BJ’s Wholesale Club 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.