Robert W. Baird Forecasts Strong Price Appreciation for BJ’s Wholesale Club (NYSE:BJ) Stock

BJ’s Wholesale Club (NYSE:BJ) had its price target increased by stock analysts at Robert W. Baird from $115.00 to $125.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 11.56% from the company’s current price.

Several other analysts have also recently issued reports on BJ. Roth Mkm upped their price objective on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Citigroup upped their price target on BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Morgan Stanley lifted their price objective 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. UBS Group upped their target price on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Wells Fargo & Company raised their target price on BJ’s Wholesale Club from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $98.00.

BJ’s Wholesale Club Price Performance

NYSE:BJ opened at $112.05 on Friday. The firm has a market cap of $14.80 billion, a P/E ratio of 26.93, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. The stock has a 50 day moving average of $98.53 and a two-hundred day moving average of $91.28. BJ’s Wholesale Club has a 12 month low of $71.81 and a 12 month high of $113.80. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23.

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

Institutional Investors Weigh In On BJ’s Wholesale Club

A number of institutional investors have recently modified their holdings of the company. Menard Financial Group LLC boosted its holdings 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 valued at $265,000 after acquiring an additional 160 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of BJ’s Wholesale Club by 1.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company’s stock valued at $387,009,000 after purchasing an additional 43,106 shares during the period. GTS Securities LLC grew its holdings in shares of BJ’s Wholesale Club by 188.8% in the fourth quarter. GTS Securities LLC now owns 5,684 shares of the company’s stock valued at $508,000 after purchasing an additional 12,084 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in BJ’s Wholesale Club by 11.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 505,162 shares of the company’s stock worth $45,136,000 after buying an additional 52,340 shares during the period. Finally, Voloridge Investment Management LLC acquired a new stake in BJ’s Wholesale Club during the 4th quarter worth approximately $1,880,000. 98.60% of the stock is owned by institutional investors and hedge funds.

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.