BJ’s Wholesale Club (NYSE:BJ) Given New $108.00 Price Target at UBS Group

BJ’s Wholesale Club (NYSE:BJ) had its price target raised by UBS Group from $102.00 to $108.00 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also weighed in on BJ. Wells Fargo & Company lifted their price target on 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. Roth Mkm boosted their price objective on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Melius Research assumed coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 target price on the stock. Bank of America cut their price target on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Finally, Morgan Stanley upped their price objective on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and an average price target of $92.50.

BJ’s Wholesale Club Price Performance

NYSE:BJ opened at $96.74 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.15. The company has a 50 day moving average price of $85.83 and a 200-day moving average price of $85.47. BJ’s Wholesale Club has a 1-year low of $63.73 and a 1-year high of $97.53. The firm has a market cap 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.

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

Insider Activity at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total transaction of $921,250.00. Following the transaction, the chief executive officer now owns 434,792 shares of the company’s stock, valued at approximately $36,413,830. The trade was a 2.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 33,000 shares of company stock valued at $2,734,820. 2.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

Institutional investors have recently bought and sold shares of the company. Creative Planning lifted its stake in shares of BJ’s Wholesale Club by 10.7% in the 2nd quarter. Creative Planning now owns 9,298 shares of the company’s stock valued at $817,000 after purchasing an additional 898 shares during the last quarter. Raymond James & Associates lifted its position in BJ’s Wholesale Club by 99.9% in the second quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock valued at $67,151,000 after buying an additional 382,114 shares during the last quarter. Victory Capital Management Inc. boosted its stake in BJ’s Wholesale Club by 3.5% during the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after buying an additional 217,385 shares during the period. Tidal Investments LLC increased its position in shares of BJ’s Wholesale Club by 96.8% during the first quarter. Tidal Investments LLC now owns 19,840 shares of the company’s stock valued at $1,501,000 after acquiring an additional 9,759 shares during the last quarter. Finally, LVW Advisors LLC purchased a new stake in shares of BJ’s Wholesale Club in the 2nd quarter valued at approximately $589,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

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.