BJ’s Wholesale Club (NYSE:BJ) Upgraded at Citigroup

Citigroup upgraded shares of BJ’s Wholesale Club (NYSE:BJFree Report) from a neutral rating to a buy rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has $130.00 price target on the stock, up from their prior price target of $115.00.

Several other analysts also recently commented on the stock. Barclays upped their price target on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. JPMorgan Chase & Co. upped their target price on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. The Goldman Sachs Group raised their price target on BJ’s Wholesale Club from $102.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, March 10th. DA Davidson boosted their price target on BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, Cowen reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $110.82.

Check Out Our Latest Stock Report on BJ

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $115.54 on Thursday. The stock has a fifty day simple moving average of $106.88 and a 200-day simple moving average of $96.06. 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 stock has a market cap of $15.21 billion, a PE ratio of 27.77, a P/E/G ratio of 4.50 and a beta of 0.54. BJ’s Wholesale Club has a twelve month low of $71.81 and a twelve month high of $120.43.

BJ’s Wholesale Club (NYSE:BJGet Free Report) last released its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.07. The company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. Equities analysts anticipate that BJ’s Wholesale Club will post 3.96 earnings per share for the current year.

Insider Transactions at BJ’s Wholesale Club

In related news, Director Robert Allan Steele sold 11,813 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the completion of the sale, the director now directly owns 24,351 shares in the company, valued at approximately $2,619,924.09. This trade represents a 32.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP William C. Werner sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total value of $2,208,200.00. Following the sale, the executive vice president now directly owns 31,308 shares of the company’s stock, valued at $3,456,716.28. This represents a 38.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,005 shares of company stock valued at $5,148,708 over the last 90 days. 2.00% of the stock is owned by company insiders.

Institutional Trading of BJ’s Wholesale Club

Institutional investors have recently bought and sold shares of the business. Covestor Ltd raised its holdings in shares of BJ’s Wholesale Club by 66.5% during the 4th quarter. Covestor Ltd now owns 288 shares of the company’s stock worth $26,000 after buying an additional 115 shares in the last quarter. Tortoise Investment Management LLC raised its stake in BJ’s Wholesale Club by 78.7% during the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock worth $47,000 after acquiring an additional 233 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of BJ’s Wholesale Club by 652.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company’s stock worth $47,000 after acquiring an additional 457 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of BJ’s Wholesale Club in the 3rd quarter valued at approximately $55,000. Finally, UMB Bank n.a. grew its holdings in shares of BJ’s Wholesale Club by 68.2% during the 4th quarter. UMB Bank n.a. now owns 624 shares of the company’s stock valued at $56,000 after purchasing an additional 253 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

About BJ’s Wholesale Club

(Get Free Report)

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.

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Analyst Recommendations for BJ's Wholesale Club (NYSE:BJ)

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