Roth Mkm Forecasts Strong Price Appreciation for BJ’s Wholesale Club (NYSE:BJ) Stock

BJ’s Wholesale Club (NYSE:BJ) had its price target upped 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.

A number of other research firms also recently commented on BJ. UBS Group boosted their target price on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Melius Research initiated coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target on the stock. Bank of America reduced their price objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Morgan Stanley boosted their target price on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Finally, 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. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.25.

BJ’s Wholesale Club Price Performance

NYSE:BJ opened at $96.77 on Monday. 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 price is $86.86 and its 200 day moving average price is $85.82. BJ’s Wholesale Club has a 52-week low of $63.73 and a 52-week high of $99.91. The firm has a market cap of $12.83 billion, a P/E ratio of 23.26, a PEG ratio of 4.63 and a beta of 0.24.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the transaction, the chief executive officer now owns 423,792 shares in the company, valued at $36,221,502.24. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 33,000 shares of company stock worth $2,734,820 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BJ’s Wholesale Club

Institutional investors have recently made changes to their positions in the company. Blue Trust Inc. bought a new stake in BJ’s Wholesale Club in the second quarter worth $25,000. Davis Capital Management acquired a new stake in shares of BJ’s Wholesale Club in the third quarter worth about $25,000. UMB Bank n.a. boosted its stake in shares of 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 in the last quarter. Reston Wealth Management LLC acquired a new position in shares of BJ’s Wholesale Club during the 3rd quarter valued at about $41,000. Finally, J.Safra Asset Management Corp acquired a new position in shares of BJ’s Wholesale Club during the 2nd quarter valued at about $45,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

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.