BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Receives $94.88 Average Price Target from Analysts

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) have been given a consensus rating of “Moderate Buy” by the seventeen brokerages that are covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $94.88.

Several research firms recently issued reports on BJ. TD Cowen upped their price target on BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Morgan Stanley increased their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Friday, November 22nd. Wells Fargo & Company lifted their price target on shares of BJ’s Wholesale Club from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Roth Mkm increased their price objective on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. Finally, UBS Group raised their target price on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, November 22nd.

BJ’s Wholesale Club Price Performance

Shares of BJ stock opened at $103.58 on Friday. The firm has a market cap of $13.68 billion, a P/E ratio of 24.90, a P/E/G ratio of 4.67 and a beta of 0.32. The firm has a fifty day moving average of $97.41 and a two-hundred day moving average of $90.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. BJ’s Wholesale Club has a 1-year low of $68.43 and a 1-year high of $108.00.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.29. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.12 billion. During the same period in the previous year, the company earned $0.98 earnings per share. BJ’s Wholesale Club’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, research analysts anticipate that BJ’s Wholesale Club will post 3.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several large investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of BJ’s Wholesale Club during the fourth quarter valued at approximately $135,344,000. Alliancebernstein L.P. increased its position 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 purchasing an additional 1,322,425 shares during the period. 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 valued at $1,184,175,000 after purchasing an additional 966,528 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of BJ’s Wholesale Club in the fourth quarter valued at $85,550,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in BJ’s Wholesale Club by 60.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock valued at $196,929,000 after buying 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 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.