BJ’s Wholesale Club (NYSE:BJ) Price Target Raised to $87.00

BJ’s Wholesale Club (NYSE:BJ) had its price target hoisted by Roth Mkm from $75.00 to $87.00 in a research note published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts have also weighed in on BJ. Bank of America decreased their price objective 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. Melius Research began coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They set a “buy” rating and a $90.00 price target on the stock. TD Cowen increased their price objective on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Jefferies Financial Group lifted 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. Finally, Morgan Stanley upped 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, November 22nd. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.25.

BJ’s Wholesale Club Stock Down 0.3 %

NYSE BJ opened at $96.77 on Monday. BJ’s Wholesale Club has a twelve month low of $63.73 and a twelve month high of $99.91. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The stock has a market cap of $12.83 billion, a PE ratio of 23.27, a PEG ratio of 4.63 and a beta of 0.24. The firm has a 50-day simple moving average of $86.53 and a 200 day simple moving average of $85.75.

Insiders Place Their Bets

In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $83.75, for a total transaction of $921,250.00. Following the transaction, the chief executive officer now owns 434,792 shares of the company’s stock, valued at $36,413,830. This represents a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 33,000 shares of company stock valued at $2,734,820. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of BJ’s Wholesale Club

Several institutional investors and hedge funds have recently added to or reduced their stakes in BJ. Creative Planning grew its position in shares of BJ’s Wholesale Club by 10.7% during the 2nd quarter. Creative Planning now owns 9,298 shares of the company’s stock worth $817,000 after buying an additional 898 shares during the period. Raymond James & Associates boosted its stake in BJ’s Wholesale Club by 99.9% in the second quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock valued at $67,151,000 after acquiring an additional 382,114 shares during the last quarter. Victory Capital Management Inc. grew its holdings in BJ’s Wholesale Club by 3.5% during the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after acquiring an additional 217,385 shares during the period. Tidal Investments LLC raised its position in shares of BJ’s Wholesale Club by 96.8% during the 1st quarter. Tidal Investments LLC now owns 19,840 shares of the company’s stock valued at $1,501,000 after acquiring an additional 9,759 shares during the last quarter. Finally, LVW Advisors LLC acquired a new position in shares of BJ’s Wholesale Club in the 2nd quarter valued at $589,000. 98.60% of the stock is owned by institutional investors.

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.