BJ’s Wholesale Club (NYSE:BJ) Hits New 12-Month High Following Strong Earnings

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) hit a new 52-week high during trading on Thursday following a stronger than expected earnings report. The company traded as high as $112.27 and last traded at $111.43, with a volume of 671599 shares changing hands. The stock had previously closed at $100.09.

The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.86 by $0.07. The firm had revenue of $5.28 billion during 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%.

Analyst Ratings Changes

Several analysts have commented on the stock. Morgan Stanley lifted their target price on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday. Roth Mkm lifted their target price on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Loop Capital lifted their price target on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a research note on Friday. UBS Group lifted their price target on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Jefferies Financial Group boosted their target price on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $104.65.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. lifted its stake in shares of BJ’s Wholesale Club by 0.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company’s stock worth $1,787,000 after acquiring an additional 105 shares during the period. Lifestyle Asset Management Inc. raised its holdings in shares of BJ’s Wholesale Club by 0.8% during the fourth quarter. Lifestyle Asset Management Inc. now owns 13,329 shares of the company’s stock valued at $1,191,000 after acquiring an additional 108 shares during the period. Gateway Investment Advisers LLC raised its holdings in shares of BJ’s Wholesale Club by 0.7% during the fourth quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company’s stock valued at $1,353,000 after acquiring an additional 111 shares during the period. Covestor Ltd raised its holdings in shares of BJ’s Wholesale Club by 66.5% during the fourth quarter. Covestor Ltd now owns 288 shares of the company’s stock valued at $26,000 after acquiring an additional 115 shares during the period. Finally, CIBC Asset Management Inc increased 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 buying an additional 123 shares during the period. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Trading Up 3.1 %

The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. 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 company’s 50 day simple moving average is $98.88 and its two-hundred day simple moving average is $91.43.

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.