Fulton Bank N.A. Boosts Stock Position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Fulton Bank N.A. lifted its holdings in shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 16.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,441 shares of the company’s stock after buying an additional 769 shares during the period. Fulton Bank N.A.’s holdings in BJ’s Wholesale Club were worth $486,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Davis Capital Management acquired a new position in BJ’s Wholesale Club during the third quarter worth $25,000. UMB Bank n.a. raised its position in shares of BJ’s Wholesale Club by 375.6% during the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after purchasing an additional 293 shares during the last quarter. Reston Wealth Management LLC purchased a new position in BJ’s Wholesale Club in the 3rd quarter valued at about $41,000. Benjamin Edwards Inc. boosted its holdings in BJ’s Wholesale Club by 394.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock worth $55,000 after buying an additional 501 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in BJ’s Wholesale Club during the 3rd quarter worth approximately $55,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

Shares of BJ opened at $92.67 on Friday. The firm has a 50-day simple moving average of $92.61 and a two-hundred day simple moving average of $87.70. The stock has a market cap of $12.24 billion, a PE ratio of 22.28, a P/E/G ratio of 4.69 and a beta of 0.32. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $64.06 and a 1-year high of $100.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.29. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.12 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. During the same quarter last year, the firm earned $0.98 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current year.

Insider Activity

In other news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $85.47, for a total value of $940,170.00. Following the completion of the transaction, the chief executive officer now owns 423,792 shares of the company’s stock, valued at approximately $36,221,502.24. This trade represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. UBS Group lifted their price target on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Morgan Stanley lifted their target price on shares of 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. Wells Fargo & Company increased their target price on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Melius Research began coverage on shares of BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 price target on the stock. Finally, TD Cowen raised their target price on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.00.

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.