BJ’s Wholesale Club (NYSE:BJ) Price Target Raised to $115.00

BJ’s Wholesale Club (NYSE:BJ) had its price target lifted by TD Cowen from $110.00 to $115.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley boosted their price target on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. Jefferies Financial Group upped their target price on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Wells Fargo & Company raised their price target on BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. UBS Group upped their price objective on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Bank of America reduced their target price on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $93.56.

BJ’s Wholesale Club Stock Performance

Shares of BJ’s Wholesale Club stock opened at $97.54 on Thursday. The firm has a 50 day simple moving average of $90.22 and a 200 day simple moving average of $87.09. BJ’s Wholesale Club has a fifty-two week low of $64.06 and a fifty-two week high of $100.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The firm has a market cap of $12.88 billion, a P/E ratio of 23.45, a P/E/G ratio of 4.69 and a beta of 0.29.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, November 21st. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.89 by $0.29. The company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.12 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $0.98 EPS. Sell-side analysts predict that BJ’s Wholesale Club will post 3.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $85.47, for a total value of $940,170.00. Following the completion of the transaction, the chief executive officer now owns 423,792 shares of the company’s stock, valued at approximately $36,221,502.24. This trade represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

Large investors have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of BJ’s Wholesale Club by 158.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock valued at $368,044,000 after acquiring an additional 2,571,709 shares during the last quarter. FMR LLC increased its position 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 worth $1,184,175,000 after purchasing an additional 966,528 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake 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 worth $196,929,000 after purchasing an additional 896,263 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of BJ’s Wholesale Club by 4,834.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 625,205 shares of the company’s stock valued at $51,567,000 after buying an additional 612,535 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of BJ’s Wholesale Club by 143.6% in the second quarter. Marshall Wace LLP now owns 848,000 shares of the company’s stock valued at $74,488,000 after buying an additional 499,954 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

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.