BJ’s Wholesale Club (NYSE:BJ) Price Target Cut to $110.00 by Analysts at Evercore ISI

BJ’s Wholesale Club (NYSE:BJ) had its target price decreased by research analysts at Evercore ISI from $115.00 to $110.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s target price suggests a potential downside of 4.23% from the company’s current price.

BJ has been the topic of a number of other research reports. Robert W. Baird boosted their target price on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Citigroup boosted their price objective on shares of BJ’s Wholesale Club from $101.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, March 7th. Wells Fargo & Company restated an “overweight” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Barclays upped their target price on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Finally, Loop Capital raised their price target on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a research note on Friday, March 7th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.94.

BJ’s Wholesale Club Stock Up 0.7 %

BJ traded up $0.76 on Tuesday, reaching $114.86. 267,721 shares of the company traded hands, compared to its average volume of 1,594,982. The company has a market cap of $15.12 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 4.50 and a beta of 0.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The stock’s 50 day moving average price is $105.33 and its 200-day moving average price is $95.17. BJ’s Wholesale Club has a 52-week low of $71.81 and a 52-week high of $118.40.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.29 billion. On average, sell-side analysts expect that BJ’s Wholesale Club will post 3.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robert Allan Steele sold 11,813 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $107.59, for a total value of $1,270,960.67. Following the completion of the transaction, the director now owns 24,351 shares in the company, valued at $2,619,924.09. This trade represents a 32.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William C. Werner sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total value of $2,208,200.00. Following the sale, the executive vice president now owns 31,308 shares in the company, valued at $3,456,716.28. The trade was a 38.98 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several hedge funds and other institutional investors have recently made changes to their positions in BJ. 111 Capital acquired a new stake in shares of BJ’s Wholesale Club during the fourth quarter worth $352,000. Wealth Enhancement Advisory Services LLC grew its position in BJ’s Wholesale Club by 95.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,130 shares of the company’s stock worth $994,000 after buying an additional 5,442 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in BJ’s Wholesale Club during the fourth quarter worth approximately $148,000. Menard Financial Group LLC increased its stake in BJ’s Wholesale Club by 5.7% during the 4th quarter. Menard Financial Group LLC now owns 2,965 shares of the company’s stock worth $265,000 after acquiring an additional 160 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in BJ’s Wholesale Club by 1.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company’s stock valued at $387,009,000 after acquiring an additional 43,106 shares in the last quarter. 98.60% of the stock is owned by institutional investors.

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.