BJ’s Wholesale Club (NYSE:BJ) Stock Price Expected to Rise, Roth Mkm Analyst Says

BJ’s Wholesale Club (NYSE:BJ) had its price objective increased by Roth Mkm from $75.00 to $87.00 in a research report sent to investors on Monday,Benzinga reports. Roth Mkm currently has a neutral rating on the stock.

Several other equities analysts have also recently commented on BJ. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Morgan Stanley boosted their price objective on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Friday. UBS Group upped their price objective on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group lifted their target price on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Bank of America decreased 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 report on Friday, August 23rd. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and a consensus price target of $93.25.

BJ’s Wholesale Club Stock Up 1.6 %

Shares of NYSE:BJ opened at $98.33 on Monday. The company has a market cap of $13.04 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 4.54 and a beta of 0.24. BJ’s Wholesale Club has a one year low of $63.73 and a one year high of $99.91. The firm has a fifty day moving average price of $86.18 and a two-hundred day moving average price of $85.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 434,792 shares of the company’s stock, valued at $36,413,830. The trade was a 2.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 33,000 shares of company stock worth $2,734,820 over the last three months. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BJ. Blue Trust Inc. purchased a new stake in BJ’s Wholesale Club during the 2nd quarter valued at $25,000. Davis Capital Management purchased a new position in shares of BJ’s Wholesale Club in the third quarter valued at about $25,000. UMB Bank n.a. raised its stake in shares of BJ’s Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after acquiring an additional 293 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of BJ’s Wholesale Club during the third quarter worth about $41,000. Finally, J.Safra Asset Management Corp bought a new stake 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.

About BJ’s Wholesale Club

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.