Analysts Set BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Target Price at $108.71

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has been given a consensus recommendation of “Moderate Buy” by the eighteen analysts that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $108.71.

Several research analysts have weighed in on BJ shares. Jefferies Financial Group increased their price target on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, November 21st. 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 report on Thursday, December 12th. Cowen reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. Morgan Stanley raised their target price on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several hedge funds have recently modified their holdings of BJ. Norges Bank acquired a new stake in shares of BJ’s Wholesale Club during the 4th quarter valued at $135,344,000. Alliancebernstein L.P. boosted its holdings in shares of BJ’s Wholesale Club by 658.6% during the 4th quarter. Alliancebernstein L.P. now owns 1,523,218 shares of the company’s stock valued at $136,100,000 after acquiring an additional 1,322,425 shares in the last quarter. FMR LLC boosted its holdings in shares of BJ’s Wholesale Club by 7.2% during the 3rd quarter. FMR LLC now owns 14,357,118 shares of the company’s stock valued at $1,184,175,000 after acquiring an additional 966,528 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of BJ’s Wholesale Club during the 4th quarter valued at $85,550,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of BJ’s Wholesale Club by 60.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock valued at $196,929,000 after acquiring an additional 896,263 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Up 1.0 %

BJ’s Wholesale Club stock opened at $109.10 on Thursday. The stock has a market cap of $14.41 billion, a P/E ratio of 26.23, a P/E/G ratio of 4.50 and a beta of 0.28. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club has a twelve month low of $71.81 and a twelve month high of $118.40. The company’s 50-day moving average price is $101.50 and its two-hundred day moving average price is $92.60.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.07. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.29 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. As a group, analysts expect that BJ’s Wholesale Club will post 3.96 EPS for the current year.

About BJ’s Wholesale Club

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.