BJ’s Wholesale Club (NYSE:BJ) PT Raised to $95.00

BJ’s Wholesale Club (NYSE:BJGet Free Report) had its target price boosted by Bank of America from $90.00 to $95.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s target price indicates a potential upside of 14.27% from the stock’s current price.

Other research analysts have also issued research reports about the company. Evercore ISI raised their price objective on BJ’s Wholesale Club from $76.00 to $78.00 and gave the company an “in-line” rating in a report on Tuesday, May 14th. Gordon Haskett raised shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Thursday. Loop Capital restated a “hold” rating and issued a $80.00 price objective (down previously from $85.00) on shares of BJ’s Wholesale Club in a report on Thursday, April 18th. JPMorgan Chase & Co. raised their target price on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an “underweight” rating in a report on Friday, March 1st. Finally, The Goldman Sachs Group upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and increased their price target for the company from $81.00 to $87.00 in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $77.73.

Read Our Latest Stock Report on BJ

BJ’s Wholesale Club Stock Up 3.3 %

Shares of BJ stock opened at $83.14 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.14. The company has a market cap of $11.04 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 3.49 and a beta of 0.27. The stock’s fifty day moving average price is $76.68 and its 200 day moving average price is $70.71. BJ’s Wholesale Club has a 1-year low of $60.33 and a 1-year high of $85.11.

BJ’s Wholesale Club (NYSE:BJGet Free Report) last issued its earnings results on Thursday, March 7th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. BJ’s Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.38 billion. During the same quarter in the prior year, the firm earned $1.00 earnings per share. BJ’s Wholesale Club’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, research analysts expect that BJ’s Wholesale Club will post 3.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the completion of the transaction, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at $998,459.85. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Christopher J. Baldwin sold 73,062 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the sale, the director now owns 173,294 shares of the company’s stock, valued at $12,815,091.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $77.37, for a total transaction of $77,370.00. Following the sale, the senior vice president now owns 12,905 shares in the company, valued at approximately $998,459.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 98,840 shares of company stock worth $7,408,605. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several hedge funds have recently made changes to their positions in the business. Daiwa Securities Group Inc. lifted its position in BJ’s Wholesale Club by 1.9% during the first quarter. Daiwa Securities Group Inc. now owns 10,570 shares of the company’s stock valued at $800,000 after buying an additional 200 shares in the last quarter. Portside Wealth Group LLC lifted its stake in shares of BJ’s Wholesale Club by 3.7% during the fourth quarter. Portside Wealth Group LLC now owns 6,805 shares of the company’s stock worth $454,000 after purchasing an additional 241 shares in the last quarter. Tectonic Advisors LLC boosted its position in shares of BJ’s Wholesale Club by 7.9% in the fourth quarter. Tectonic Advisors LLC now owns 3,544 shares of the company’s stock worth $236,000 after buying an additional 260 shares during the period. Vista Investment Partners LLC grew its position in BJ’s Wholesale Club by 0.5% in the first quarter. Vista Investment Partners LLC now owns 47,832 shares of the company’s stock valued at $3,618,000 after acquiring an additional 260 shares in the last quarter. Finally, Dfpg Investments LLC raised its stake in shares of BJ’s Wholesale Club by 6.0% during the fourth quarter. Dfpg Investments LLC now owns 4,904 shares of the company’s stock valued at $322,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

About BJ’s Wholesale Club

(Get Free Report)

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.

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Analyst Recommendations for BJ's Wholesale Club (NYSE:BJ)

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