TD Cowen Raises BJ’s Wholesale Club (NYSE:BJ) Price Target to $95.00

BJ’s Wholesale Club (NYSE:BJ) had its price target increased by TD Cowen from $93.00 to $95.00 in a research note published on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. The Goldman Sachs Group upgraded shares of BJ’s Wholesale Club from a neutral rating to a buy rating and increased their price objective for the company from $81.00 to $87.00 in a research note on Monday, April 8th. Gordon Haskett upgraded shares of BJ’s Wholesale Club from a hold rating to a buy rating and set a $90.00 target price for the company in a research report on Thursday. Bank of America increased their target price on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock a buy rating in a research report on Friday. DA Davidson increased their target price on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the stock a buy rating in a research report on Friday. Finally, Robert W. Baird increased their target price on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock an outperform rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average price target of $81.18.

BJ’s Wholesale Club Trading Up 5.9 %

Shares of BJ stock opened at $88.14 on Friday. BJ’s Wholesale Club has a 52-week low of $60.33 and a 52-week high of $88.35. The stock has a market cap of $11.71 billion, a price-to-earnings ratio of 22.89, a P/E/G ratio of 3.82 and a beta of 0.27. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.14 and a current ratio of 0.74. The firm has a fifty day moving average of $76.94 and a 200-day moving average of $70.86.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The business’s revenue was up 4.1% on a year-over-year basis. On average, equities research analysts forecast that BJ’s Wholesale Club will post 3.89 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Christopher J. Baldwin sold 73,062 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the transaction, the director now owns 173,294 shares of the company’s stock, valued at approximately $12,815,091.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Christopher J. Baldwin sold 73,062 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the transaction, the director now owns 173,294 shares of the company’s stock, valued at approximately $12,815,091.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $77.37, for a total transaction of $77,370.00. Following the transaction, the senior vice president now directly owns 12,905 shares in the company, valued at approximately $998,459.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 98,640 shares of company stock valued at $7,394,087. 2.00% of the stock is currently owned by insiders.

Institutional Trading of BJ’s Wholesale Club

Several hedge funds have recently bought and sold shares of BJ. Rise Advisors LLC acquired a new stake in BJ’s Wholesale Club during the 1st quarter worth approximately $26,000. Eagle Bay Advisors LLC acquired a new stake in BJ’s Wholesale Club during the 4th quarter worth approximately $40,000. Huntington National Bank raised its holdings in BJ’s Wholesale Club by 159.9% during the 3rd quarter. Huntington National Bank now owns 668 shares of the company’s stock worth $48,000 after buying an additional 411 shares during the period. First Horizon Advisors Inc. raised its holdings in BJ’s Wholesale Club by 36.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,126 shares of the company’s stock worth $75,000 after buying an additional 302 shares during the period. Finally, Anchor Investment Management LLC acquired a new stake in BJ’s Wholesale Club during the 4th quarter worth approximately $78,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

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.