BJ’s Wholesale Club (NYSE:BJ) Price Target Raised to $108.00

BJ’s Wholesale Club (NYSE:BJ) had its price target lifted by UBS Group from $102.00 to $108.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts also recently commented on BJ. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their price target for the company from $76.00 to $78.00 in a report on Monday, August 26th. Melius Research started coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target on the stock. Bank of America dropped their price objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Jefferies Financial Group increased their target price 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, Morgan Stanley boosted their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.50.

BJ’s Wholesale Club Stock Performance

Shares of NYSE:BJ opened at $96.74 on Friday. The firm has a fifty day simple moving average of $85.83 and a two-hundred day simple moving average of $85.47. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $12.83 billion, a P/E ratio of 23.25, a PEG ratio of 4.43 and a beta of 0.24. BJ’s Wholesale Club has a 52 week low of $63.73 and a 52 week high of $97.53.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.15 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 earnings per share. On average, analysts expect that BJ’s Wholesale Club will post 3.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $83.75, for a total value of $921,250.00. Following the transaction, the chief executive officer now owns 434,792 shares in the company, valued at $36,413,830. The trade was a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 33,000 shares of company stock valued at $2,734,820 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

A number of institutional investors have recently modified their holdings of the company. Blue Trust Inc. acquired a new stake in shares of BJ’s Wholesale Club in the 2nd quarter worth $25,000. Davis Capital Management purchased a new stake in shares of BJ’s Wholesale Club during the third quarter worth about $25,000. UMB Bank n.a. increased its holdings in shares of BJ’s Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after acquiring an additional 293 shares in the last quarter. Reston Wealth Management LLC purchased a new position in shares of BJ’s Wholesale Club in the 3rd quarter valued at approximately $41,000. Finally, J.Safra Asset Management Corp acquired a new stake in BJ’s Wholesale Club in the 2nd quarter worth approximately $45,000. 98.60% of the stock is currently 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.