BJ’s Wholesale Club (NYSE:BJ) Price Target Raised to $100.00 at Wells Fargo & Company

BJ’s Wholesale Club (NYSE:BJ) had its price objective lifted by Wells Fargo & Company from $92.00 to $100.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their price target for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Bank of America reduced their price target on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Melius Research began coverage on shares of BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective on the stock. Finally, Roth Mkm increased their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $87.87.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ opened at $89.06 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $84.22 and its two-hundred day moving average is $84.72. The firm has a market capitalization of $11.81 billion, a P/E ratio of 22.49, a PEG ratio of 3.35 and a beta of 0.24. BJ’s Wholesale Club has a 52 week low of $63.08 and a 52 week high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. The firm had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.15 billion. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. During the same quarter in the previous year, the company earned $0.97 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Analysts anticipate that BJ’s Wholesale Club will post 3.82 earnings per share for the current year.

Insider Transactions at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the sale, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at $1,133,710.62. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the sale, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $83.75, for a total value of $921,250.00. Following the completion of the transaction, the chief executive officer now directly owns 434,792 shares of the company’s stock, valued at approximately $36,413,830. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,000 shares of company stock worth $2,818,390. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BJ. Blue Trust Inc. acquired a new stake in BJ’s Wholesale Club in the 2nd quarter valued at $25,000. Davis Capital Management bought a new position in shares of BJ’s Wholesale Club in the third quarter valued at about $25,000. UMB Bank n.a. grew its holdings in BJ’s Wholesale Club by 375.6% during the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after acquiring an additional 293 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of BJ’s Wholesale Club in the third quarter worth about $41,000. Finally, J.Safra Asset Management Corp bought a new position in shares of BJ’s Wholesale Club in the second quarter worth about $45,000. Institutional investors own 98.60% of the company’s stock.

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.