BJ’s Wholesale Club (NYSE:BJ) Price Target Raised to $110.00

BJ’s Wholesale Club (NYSE:BJ) had its target price lifted by Jefferies Financial Group from $105.00 to $110.00 in a report released on Thursday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

BJ has been the topic of several other reports. Roth Mkm raised their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Bank of America reduced their price objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Melius Research initiated coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price on the stock. Wells Fargo & Company boosted 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 note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.50.

BJ’s Wholesale Club Stock Performance

BJ opened at $96.74 on Thursday. The business has a 50 day moving average price of $85.83 and a two-hundred day moving average price of $85.40. BJ’s Wholesale Club has a 1-year low of $63.73 and a 1-year high of $97.53. The company has a market capitalization of $12.83 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 4.43 and a beta of 0.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.15.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 earnings per share. Research analysts predict that BJ’s Wholesale Club will post 3.9 EPS for the current fiscal year.

Insider Activity

In other news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the transaction, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. This trade represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the transaction, the chief executive officer now directly owns 445,792 shares of the company’s stock, valued at $35,395,884.80. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock worth $2,818,390 over the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Blue Trust Inc. bought a new stake in BJ’s Wholesale Club in the second quarter worth $25,000. Davis Capital Management bought a new position in shares of BJ’s Wholesale Club in the third quarter worth approximately $25,000. UMB Bank n.a. boosted its stake in shares of BJ’s Wholesale Club by 375.6% in the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after acquiring an additional 293 shares during the period. Reston Wealth Management LLC purchased a new position in shares of BJ’s Wholesale Club in the third quarter worth $41,000. Finally, J.Safra Asset Management Corp purchased a new position in shares of BJ’s Wholesale Club during the second quarter valued at about $45,000. 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.