Morris Financial Concepts Inc. Invests $204,000 in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Morris Financial Concepts Inc. acquired a new position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,282 shares of the company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. FMR LLC increased its stake in shares of BJ’s Wholesale Club by 7.2% in the third quarter. FMR LLC now owns 14,357,118 shares of the company’s stock worth $1,184,175,000 after acquiring an additional 966,528 shares during the period. Victory Capital Management Inc. increased its stake in shares of BJ’s Wholesale Club by 3.5% in the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after acquiring an additional 217,385 shares during the period. Franklin Resources Inc. increased its stake in shares of BJ’s Wholesale Club by 7.6% in the third quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company’s stock worth $408,926,000 after acquiring an additional 337,217 shares during the period. State Street Corp increased its stake in shares of BJ’s Wholesale Club by 1.1% in the third quarter. State Street Corp now owns 4,045,590 shares of the company’s stock worth $333,680,000 after acquiring an additional 45,288 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of BJ’s Wholesale Club by 60.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock worth $196,929,000 after acquiring an additional 896,263 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

Analyst Upgrades and Downgrades

BJ has been the topic of a number of recent analyst reports. Citigroup increased their price target on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Wells Fargo & Company increased their price target on shares of BJ’s Wholesale Club from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday. UBS Group increased their price target on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Roth Mkm increased 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 report on Monday, November 25th. Finally, TD Cowen increased their price objective on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.88.

BJ’s Wholesale Club Price Performance

BJ’s Wholesale Club stock opened at $106.69 on Thursday. BJ’s Wholesale Club Holdings, Inc. has a 12-month low of $66.96 and a 12-month high of $107.61. The stock has a market cap of $14.09 billion, a P/E ratio of 25.65, a PEG ratio of 4.69 and a beta of 0.32. The company has a 50-day moving average price of $96.41 and a 200 day moving average price of $89.46. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data 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 firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.12 billion. During the same period last year, the business earned $0.98 earnings per share. BJ’s Wholesale Club’s revenue was up 3.5% compared to the same quarter last year. Sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current 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.