BJ’s Wholesale Club (NYSE:BJ) Hits New 1-Year High – Time to Buy?

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $101.44 and last traded at $101.60, with a volume of 320168 shares traded. The stock had previously closed at $99.62.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BJ shares. UBS Group boosted their price objective on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Roth Mkm upped their price target 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. TD Cowen increased their price objective on BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Wells Fargo & Company boosted their target price on BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Finally, Jefferies Financial Group raised their price target on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $94.00.

BJ’s Wholesale Club Stock Performance

The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average price of $95.44 and a 200 day moving average price of $88.88. The stock has a market cap of $13.95 billion, a PE ratio of 25.39, a P/E/G ratio of 4.66 and a beta of 0.32.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.29. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.12 billion. During the same period in the prior year, the business posted $0.98 earnings per share. BJ’s Wholesale Club’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several institutional investors and hedge funds have recently added to or reduced their stakes in BJ. FMR LLC raised its stake in BJ’s Wholesale Club by 7.2% during the third quarter. FMR LLC now owns 14,357,118 shares of the company’s stock valued at $1,184,175,000 after buying an additional 966,528 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of BJ’s Wholesale Club during the fourth quarter valued at $85,550,000. Massachusetts Financial Services Co. MA raised its position in shares of BJ’s Wholesale Club by 60.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock worth $196,929,000 after purchasing an additional 896,263 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in BJ’s Wholesale Club by 4,834.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 625,205 shares of the company’s stock worth $51,567,000 after purchasing an additional 612,535 shares in the last quarter. Finally, Jennison Associates LLC grew its position in BJ’s Wholesale Club by 280.5% during the 3rd quarter. Jennison Associates LLC now owns 533,336 shares of the company’s stock valued at $43,990,000 after purchasing an additional 393,181 shares during the last quarter. 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.