BJ’s Wholesale Club (NYSE:BJ) Given New $115.00 Price Target at TD Cowen

BJ’s Wholesale Club (NYSE:BJ) had its target price upped by equities researchers at TD Cowen from $110.00 to $115.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target indicates a potential upside of 17.90% from the company’s current price.

Other analysts have also recently issued reports about the stock. Roth Mkm upped their price objective on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. Jefferies Financial Group raised their price target on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Melius Research assumed coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price objective for the company. Bank of America decreased their target price on 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. Finally, Wells Fargo & Company upped their price target on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.56.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock opened at $97.54 on Thursday. BJ’s Wholesale Club has a twelve month low of $64.06 and a twelve month high of $100.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The firm has a market cap of $12.88 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 4.69 and a beta of 0.29. The firm’s 50-day simple moving average is $90.22 and its 200-day simple moving average is $87.09.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, November 21st. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.89 by $0.29. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.12 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. BJ’s Wholesale Club’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $0.98 EPS. As a group, research analysts expect that BJ’s Wholesale Club will post 3.95 EPS for the current fiscal year.

Insider Activity

In related news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the sale, the chief executive officer now owns 423,792 shares in the company, valued at approximately $36,221,502.24. This represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. CIBC Asset Management Inc lifted its stake in BJ’s Wholesale Club by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 3,906 shares of the company’s stock valued at $322,000 after purchasing an additional 123 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of BJ’s Wholesale Club by 9.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock worth $128,000 after acquiring an additional 124 shares during the period. CWM LLC increased its holdings in shares of BJ’s Wholesale Club by 7.4% during the 2nd quarter. CWM LLC now owns 1,863 shares of the company’s stock worth $164,000 after acquiring an additional 128 shares during the last quarter. OLD National Bancorp IN raised its stake in BJ’s Wholesale Club by 2.5% in the 3rd quarter. OLD National Bancorp IN now owns 5,438 shares of the company’s stock valued at $449,000 after acquiring an additional 133 shares during the period. Finally, Integrated Wealth Concepts LLC raised its stake in BJ’s Wholesale Club by 5.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,710 shares of the company’s stock valued at $224,000 after acquiring an additional 133 shares during the period. Institutional investors and hedge funds 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.