Entropy Technologies LP Takes Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Entropy Technologies LP purchased a new position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,357 shares of the company’s stock, valued at approximately $1,015,000.

A number of other institutional investors have also added to or reduced their stakes in BJ. UMB Bank n.a. grew its position in BJ’s Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after buying an additional 293 shares during the period. Reston Wealth Management LLC purchased a new position in BJ’s Wholesale Club in the third quarter valued at about $41,000. Wilmington Savings Fund Society FSB bought a new position in shares of BJ’s Wholesale Club during the 3rd quarter valued at approximately $55,000. Blue Trust Inc. increased its stake in shares of BJ’s Wholesale Club by 198.6% during the 3rd quarter. Blue Trust Inc. now owns 863 shares of the company’s stock worth $76,000 after purchasing an additional 574 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of BJ’s Wholesale Club by 61.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,205 shares of the company’s stock worth $99,000 after purchasing an additional 460 shares during the period. 98.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group increased their price objective on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Morgan Stanley increased their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. TD Cowen boosted their price objective 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. Citigroup increased their target price on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, Roth Mkm upped their price target 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. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $94.88.

BJ’s Wholesale Club Stock Performance

NYSE:BJ opened at $106.43 on Tuesday. The stock has a market cap of $14.06 billion, a P/E ratio of 25.58, a PEG ratio of 4.69 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. The business’s 50-day moving average price is $96.01 and its two-hundred day moving average price is $89.20. BJ’s Wholesale Club Holdings, Inc. has a twelve month low of $66.96 and a twelve month high of $107.06.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. During the same period last year, the firm posted $0.98 earnings per share. BJ’s Wholesale Club’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities 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.