BJ’s Wholesale Club (NYSE:BJ) Price Target Raised to $100.00

BJ’s Wholesale Club (NYSE:BJ) had its price objective increased by analysts at Wells Fargo & Company from $92.00 to $100.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 12.41% from the stock’s previous close.

BJ has been the topic of several other research reports. Roth Mkm increased their price target on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Bank of America lowered their price objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Melius Research initiated coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target for the company. Finally, JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their target price for the company from $76.00 to $78.00 in a report on Monday, August 26th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and an average target price of $87.87.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ opened at $88.96 on Tuesday. BJ’s Wholesale Club has a 12 month low of $63.08 and a 12 month high of $92.37. The stock has a market capitalization of $11.80 billion, a PE ratio of 22.64, a PEG ratio of 3.35 and a beta of 0.24. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $84.02 and a 200-day moving average of $84.63.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.15 billion. During the same period in the previous year, the business posted $0.97 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts predict that BJ’s Wholesale Club will post 3.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the sale, the chief executive officer now directly owns 445,792 shares in the company, valued at approximately $35,395,884.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares in the company, valued at approximately $1,133,710.62. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the completion of the transaction, the chief executive officer now directly owns 445,792 shares in the company, valued at $35,395,884.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock worth $2,818,390 in the last three months. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

Hedge funds have recently made changes to their positions in the stock. CIBC Asset Management Inc grew 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 acquiring an additional 123 shares during the last quarter. Fifth Third Bancorp increased its stake in BJ’s Wholesale Club by 9.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock worth $128,000 after purchasing an additional 124 shares in the last quarter. CWM LLC grew its stake in BJ’s Wholesale Club by 7.4% during the 2nd quarter. CWM LLC now owns 1,863 shares of the company’s stock valued at $164,000 after acquiring an additional 128 shares in the last quarter. OLD National Bancorp IN grew its holdings in BJ’s Wholesale Club by 2.5% during the third quarter. OLD National Bancorp IN now owns 5,438 shares of the company’s stock valued at $449,000 after purchasing an additional 133 shares during the last quarter. Finally, Riverwater Partners LLC increased its position in shares of BJ’s Wholesale Club by 1.1% during the second quarter. Riverwater Partners LLC now owns 12,951 shares of the company’s stock valued at $1,138,000 after purchasing an additional 135 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Company Profile

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.