BJ’s Wholesale Club (NYSE:BJ) Price Target Increased to $89.00 by Analysts at Evercore ISI

BJ’s Wholesale Club (NYSE:BJ) had its price target hoisted by Evercore ISI from $86.00 to $89.00 in a research note released on Thursday, Benzinga reports. The brokerage currently has an in-line rating on the stock.

Several other equities research analysts have also issued reports on the stock. Gordon Haskett raised shares of BJ’s Wholesale Club from a hold rating to a buy rating and set a $90.00 target price on the stock in a research note on Thursday, May 23rd. Barclays upped their price target on shares of BJ’s Wholesale Club from $72.00 to $80.00 and gave the stock an equal weight rating in a research report on Friday, May 24th. TD Cowen upped their price target on shares of BJ’s Wholesale Club from $93.00 to $95.00 and gave the stock a buy rating in a research report on Friday, May 24th. DA Davidson upped their price target on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the stock a buy rating in a research report on Friday, May 24th. Finally, Bank of America upped their price target on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock a buy rating in a research report on Friday, May 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $82.06.

BJ’s Wholesale Club Trading Down 1.6 %

BJ stock opened at $88.56 on Thursday. The company’s 50-day simple moving average is $81.06 and its 200-day simple moving average is $73.51. The company has a quick ratio of 0.14, a current ratio of 0.74 and a debt-to-equity ratio of 0.26. BJ’s Wholesale Club has a 52-week low of $60.45 and a 52-week high of $90.43. The firm has a market cap of $11.75 billion, a P/E ratio of 23.00, a PEG ratio of 3.20 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, May 23rd. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The business had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, equities analysts forecast that BJ’s Wholesale Club will post 3.91 EPS for the current fiscal year.

Insider Transactions at BJ’s Wholesale Club

In other news, EVP Jeff Desroches sold 14,106 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $86.00, for a total transaction of $1,213,116.00. Following the completion of the sale, the executive vice president now owns 87,294 shares in the company, valued at approximately $7,507,284. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Jeff Desroches sold 14,106 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $86.00, for a total transaction of $1,213,116.00. Following the completion of the transaction, the executive vice president now owns 87,294 shares of the company’s stock, valued at approximately $7,507,284. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $76.70, for a total transaction of $843,700.00. Following the transaction, the chief executive officer now directly owns 500,792 shares of the company’s stock, valued at approximately $38,410,746.40. The disclosure for this sale can be found here. Insiders sold 39,684 shares of company stock worth $3,204,268 in the last 90 days. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

Hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its position in BJ’s Wholesale Club by 13.0% in the 4th quarter. Victory Capital Management Inc. now owns 5,136,282 shares of the company’s stock valued at $342,385,000 after buying an additional 590,113 shares during the period. Morgan Stanley boosted its position in BJ’s Wholesale Club by 10.3% in the 3rd quarter. Morgan Stanley now owns 3,940,441 shares of the company’s stock valued at $281,229,000 after buying an additional 369,317 shares during the period. Putnam Investments LLC boosted its position in BJ’s Wholesale Club by 4.3% in the 4th quarter. Putnam Investments LLC now owns 3,647,981 shares of the company’s stock valued at $243,174,000 after buying an additional 150,414 shares during the period. Bessemer Group Inc. boosted its position in BJ’s Wholesale Club by 1.8% in the 1st quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock valued at $235,946,000 after buying an additional 56,442 shares during the period. Finally, Fiduciary Management Inc. WI boosted its position in BJ’s Wholesale Club by 17.6% in the 4th quarter. Fiduciary Management Inc. WI now owns 2,514,630 shares of the company’s stock valued at $167,625,000 after buying an additional 377,019 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Company 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.