BJ’s Wholesale Club (NYSE:BJ) Reaches New 12-Month High – Here’s What Happened

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $101.44 and last traded at $101.60, with a volume of 320168 shares. The stock had previously closed at $99.62.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Jefferies Financial Group raised 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 report on Thursday, November 21st. Roth Mkm increased their target price on 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. Citigroup upped their price target on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. TD Cowen boosted their price objective on shares of 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. Finally, Morgan Stanley raised their price objective on 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. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and an average price target of $94.00.

BJ’s Wholesale Club Stock Up 0.8 %

The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The business’s 50-day moving average is $95.44 and its two-hundred day moving average is $88.88. The stock has a market capitalization of $13.95 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 4.66 and a beta of 0.32.

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

Hedge Funds Weigh In On BJ’s Wholesale Club

Several institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning lifted its position in BJ’s Wholesale Club by 10.7% in the second quarter. Creative Planning now owns 9,298 shares of the company’s stock valued at $817,000 after buying an additional 898 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of BJ’s Wholesale Club in the third quarter worth $828,000. Sanctuary Advisors LLC increased its position in shares of BJ’s Wholesale Club by 129.0% during the third quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock worth $3,215,000 after acquiring an additional 21,957 shares during the period. Victory Capital Management Inc. raised its stake in shares of BJ’s Wholesale Club by 3.5% in the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock valued at $531,118,000 after acquiring an additional 217,385 shares in the last quarter. Finally, Oak Harvest Investment Services purchased a new position in BJ’s Wholesale Club in the fourth quarter valued at $670,000. 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.