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

BJ’s Wholesale Club (NYSE:BJ) had its price target raised by TD Cowen from $95.00 to $110.00 in a report released on Friday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Several other analysts also recently weighed in on the stock. Roth Mkm lifted their price objective on shares of 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. Morgan Stanley lifted their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a report on Friday. Melius Research began coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price on the stock. Jefferies Financial Group increased their price target on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Bank of America lowered their price target 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 stock. Based on data from MarketBeat, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and an average target price of $92.50.

BJ’s Wholesale Club Stock Up 4.3 %

Shares of BJ’s Wholesale Club stock opened at $96.74 on Friday. The business 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 fifty-two week low of $63.73 and a fifty-two week high of $97.53. The firm has a market cap of $12.83 billion, a P/E ratio of 23.25, a P/E/G ratio of 4.43 and a beta of 0.24. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, sell-side analysts forecast that BJ’s Wholesale Club will post 3.9 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were 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 approximately $35,395,884.80. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 33,000 shares of company stock worth $2,734,820 in the last 90 days. Company insiders own 2.00% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

Several large investors have recently added to or reduced their stakes in the business. Anchor Investment Management LLC lifted its position in shares of BJ’s Wholesale Club by 47.3% in the third quarter. Anchor Investment Management LLC now owns 2,037 shares of the company’s stock worth $168,000 after buying an additional 654 shares during the last quarter. TD Private Client Wealth LLC raised its stake in shares of BJ’s Wholesale Club by 1.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 18,120 shares of the company’s stock valued at $1,495,000 after acquiring an additional 337 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of BJ’s Wholesale Club in the 3rd quarter valued at approximately $828,000. Coldstream Capital Management Inc. lifted its holdings in BJ’s Wholesale Club by 4.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 8,802 shares of the company’s stock worth $727,000 after purchasing an additional 358 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in BJ’s Wholesale Club by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,215,356 shares of the company’s stock worth $182,770,000 after purchasing an additional 34,940 shares during the period. 98.60% of the stock is owned by institutional investors.

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.