Cornerstone Investment Partners LLC Boosts Holdings in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Cornerstone Investment Partners LLC raised its position in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 2.6% during the 4th quarter, Holdings Channel reports. The fund owned 5,262 shares of the company’s stock after purchasing an additional 132 shares during the period. Cornerstone Investment Partners LLC’s holdings in BJ’s Wholesale Club were worth $470,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BJ. 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. UMB Bank n.a. increased its position in shares of BJ’s Wholesale Club by 68.2% during the 4th quarter. UMB Bank n.a. now owns 624 shares of the company’s stock valued at $56,000 after purchasing an additional 253 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of BJ’s Wholesale Club by 151.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,168 shares of the company’s stock valued at $104,000 after purchasing an additional 703 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of BJ’s Wholesale Club by 34.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,257 shares of the company’s stock valued at $113,000 after purchasing an additional 324 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of 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 last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Trading Down 2.2 %

BJ’s Wholesale Club stock opened at $99.07 on Tuesday. The stock has a 50-day moving average of $98.26 and a two-hundred day moving average of $91.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. BJ’s Wholesale Club Holdings, Inc. has a one year low of $70.65 and a one year high of $108.00. The stock has a market cap of $13.09 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 4.50 and a beta of 0.32.

Analyst Ratings Changes

Several brokerages have commented on BJ. JPMorgan Chase & Co. upped their price objective on BJ’s Wholesale Club from $87.00 to $101.00 and gave the company a “neutral” rating in a research report on Monday. UBS Group upped their price objective on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. TD Cowen upped their price objective on BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Morgan Stanley upped their price objective 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. Finally, Jefferies Financial Group upped their price objective on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.24.

BJ’s Wholesale Club Company 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.