BJ’s Wholesale Club (NYSE:BJ) Price Target Raised to $110.00

BJ’s Wholesale Club (NYSE:BJ) had its target price lifted by analysts at TD Cowen from $95.00 to $110.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s target price points to a potential upside of 13.71% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Bank of America dropped their price target on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. Morgan Stanley boosted their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday. Wells Fargo & Company lifted their price objective on BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Finally, Roth Mkm raised 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 ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.50.

BJ’s Wholesale Club Stock Up 4.3 %

BJ’s Wholesale Club stock opened at $96.74 on Friday. The company has a market capitalization of $12.83 billion, a P/E ratio of 23.25, a P/E/G ratio of 4.43 and a beta of 0.24. BJ’s Wholesale Club has a 1-year low of $63.73 and a 1-year high of $97.53. The firm’s fifty day simple moving average is $85.83 and its 200-day simple moving average is $85.40. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter in the prior year, the company posted $0.97 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. Sell-side analysts forecast that BJ’s Wholesale Club will post 3.9 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the sale, the senior vice president now owns 13,566 shares of the company’s stock, valued at $1,133,710.62. The trade was a 6.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the transaction, the chief executive officer now owns 445,792 shares of the company’s stock, valued at $35,395,884.80. This represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,000 shares of company stock worth $2,818,390. 2.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several large investors have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co lifted its holdings in BJ’s Wholesale Club by 1.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 98,280 shares of the company’s stock valued at $7,435,000 after purchasing an additional 1,794 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of BJ’s Wholesale Club during the first quarter worth approximately $140,000. Mount Yale Investment Advisors LLC increased its holdings in shares of BJ’s Wholesale Club by 95.2% during the first quarter. Mount Yale Investment Advisors LLC now owns 7,960 shares of the company’s stock worth $602,000 after buying an additional 3,883 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of BJ’s Wholesale Club in the first quarter valued at approximately $908,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of BJ’s Wholesale Club by 1.3% in the 1st quarter. Janus Henderson Group PLC now owns 149,306 shares of the company’s stock worth $11,293,000 after acquiring an additional 1,955 shares in the last quarter. 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.