BJ’s Wholesale Club (NYSE:BJ) Given New $110.00 Price Target at Evercore ISI

BJ’s Wholesale Club (NYSE:BJ) had its price objective lowered by Evercore ISI from $115.00 to $110.00 in a research report sent to investors on Tuesday,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird raised their price target on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. TD Cowen boosted their price target on BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Barclays lifted their price objective on BJ’s Wholesale Club from $80.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. The Goldman Sachs Group increased their target price on shares of BJ’s Wholesale Club from $102.00 to $121.00 and gave the stock a “buy” rating in a research report on Monday, March 10th. Finally, Citigroup boosted their price target on shares of BJ’s Wholesale Club from $101.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $109.94.

BJ’s Wholesale Club Trading Up 0.8 %

Shares of BJ opened at $115.00 on Tuesday. The stock’s 50-day moving average price is $105.68 and its 200 day moving average price is $95.40. 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 12-month low of $71.81 and a 12-month high of $118.40. The firm has a market capitalization of $15.14 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 4.50 and a beta of 0.28.

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

Insider Buying and Selling at BJ’s Wholesale Club

In other news, Director Robert Allan Steele sold 11,813 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the completion of the transaction, the director now directly owns 24,351 shares in the company, valued at approximately $2,619,924.09. The trade was a 32.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William C. Werner sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total transaction of $2,208,200.00. Following the completion of the sale, the executive vice president now owns 31,308 shares in the company, valued at $3,456,716.28. This represents a 38.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

A number of large investors have recently made changes to their positions in BJ. Neo Ivy Capital Management bought a new stake in shares of BJ’s Wholesale Club in the third quarter worth about $828,000. Clearbridge Investments LLC grew its position in shares of BJ’s Wholesale Club by 11.8% in the 4th quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company’s stock valued at $208,218,000 after purchasing an additional 245,731 shares during the period. Sanctuary Advisors LLC increased its stake in BJ’s Wholesale Club by 129.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock worth $3,215,000 after purchasing an additional 21,957 shares in the last quarter. Intech Investment Management LLC raised its holdings in BJ’s Wholesale Club by 278.6% during the 4th quarter. Intech Investment Management LLC now owns 53,968 shares of the company’s stock worth $4,822,000 after buying an additional 39,713 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new position in BJ’s Wholesale Club in the fourth quarter valued at approximately $307,000. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Company Profile

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.