BJ’s Wholesale Club (NYSE:BJ) Sets New 52-Week High at $89.72

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $89.72 and last traded at $89.63, with a volume of 571311 shares. The stock had previously closed at $86.79.

Wall Street Analyst Weigh In

BJ has been the topic of several recent research reports. UBS Group upped their price objective on BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, May 24th. JPMorgan Chase & Co. upped their price target on shares of BJ’s Wholesale Club from $70.00 to $74.00 and gave the company an “underweight” rating in a research note on Tuesday, May 28th. TD Cowen lifted their price objective on shares of BJ’s Wholesale Club from $93.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Bank of America upped their target price on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Finally, Loop Capital reiterated a “hold” rating and issued a $80.00 price target (down previously from $85.00) on shares of BJ’s Wholesale Club in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $81.88.

BJ’s Wholesale Club Stock Performance

The firm has a market capitalization of $11.88 billion, a P/E ratio of 22.71, a P/E/G ratio of 3.08 and a beta of 0.24. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.74 and a quick ratio of 0.14. The firm has a 50-day moving average price of $80.33 and a two-hundred day moving average price of $73.04.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $0.85 earnings per share 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 analyst estimates of $4.86 billion. During the same quarter last year, the business posted $0.85 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Jeff Desroches sold 14,106 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $86.00, for a total value of $1,213,116.00. Following the completion of the sale, the executive vice president now owns 87,294 shares in the company, valued at approximately $7,507,284. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 12,905 shares in the company, valued at approximately $998,459.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeff Desroches sold 14,106 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $86.00, for a total value of $1,213,116.00. Following the sale, the executive vice president now directly owns 87,294 shares in the company, valued at approximately $7,507,284. The disclosure for this sale can be found here. Insiders sold a total of 39,684 shares of company stock valued at $3,204,268 over the last three months. 2.00% of the stock is owned by company insiders.

Institutional Trading of BJ’s Wholesale Club

Institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of BJ’s Wholesale Club by 293.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,620 shares of the company’s stock worth $270,000 after acquiring an additional 2,700 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in BJ’s Wholesale Club by 19.4% in the first quarter. Westwood Holdings Group Inc. now owns 129,997 shares of the company’s stock valued at $9,834,000 after acquiring an additional 21,156 shares in the last quarter. Cetera Advisors LLC purchased a new position in BJ’s Wholesale Club in the first quarter worth $378,000. Cetera Investment Advisers increased its position in shares of BJ’s Wholesale Club by 183.3% during the first quarter. Cetera Investment Advisers now owns 24,442 shares of the company’s stock worth $1,849,000 after purchasing an additional 15,813 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of BJ’s Wholesale Club during the 1st quarter valued at $140,000. 98.60% of the stock is currently owned by institutional investors.

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.