BJ’s Wholesale Club (NYSE:BJ) Price Target Raised to $125.00 at Robert W. Baird

BJ’s Wholesale Club (NYSE:BJ) had its price target hoisted by Robert W. Baird from $115.00 to $125.00 in a research report released on Friday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other equities analysts also recently commented on BJ. 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 report on Thursday, November 21st. Citigroup boosted their target price on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Roth Mkm boosted their target price on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. 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 report on Friday, November 22nd. Finally, UBS Group boosted their target price on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.65.

BJ’s Wholesale Club Stock Performance

BJ opened at $115.85 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The company has a market cap of $15.30 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 4.50 and a beta of 0.28. The company’s 50 day moving average is $99.35 and its 200 day moving average is $91.69. BJ’s Wholesale Club has a 12-month low of $71.81 and a 12-month high of $116.00.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BJ. Wealth Enhancement Advisory Services LLC increased its position in BJ’s Wholesale Club by 3.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,688 shares of the company’s stock valued at $469,000 after acquiring an additional 176 shares during the last quarter. QRG Capital Management Inc. increased its position in BJ’s Wholesale Club by 16.3% during the third quarter. QRG Capital Management Inc. now owns 4,136 shares of the company’s stock valued at $341,000 after acquiring an additional 579 shares during the last quarter. Olympiad Research LP bought a new position in BJ’s Wholesale Club during the third quarter valued at $322,000. Portside Wealth Group LLC increased its position in BJ’s Wholesale Club by 14.4% during the third quarter. Portside Wealth Group LLC now owns 3,248 shares of the company’s stock valued at $268,000 after acquiring an additional 410 shares during the last quarter. Finally, Lifestyle Asset Management Inc. increased its position in BJ’s Wholesale Club by 2.6% during the third quarter. Lifestyle Asset Management Inc. now owns 13,221 shares of the company’s stock valued at $1,090,000 after acquiring an additional 339 shares during 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 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.