BJ’s Wholesale Club (NYSE:BJ) Given New $110.00 Price Target at Loop Capital

BJ’s Wholesale Club (NYSE:BJ) had its target price raised by Loop Capital from $95.00 to $110.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of BJ’s Wholesale Club from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Citigroup raised their target price on shares of BJ’s Wholesale Club from $101.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday. UBS Group raised their target price on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the company a “buy” rating in a research note on Friday. Jefferies Financial Group raised their target price on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley raised their target price on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the company an “equal weight” rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $104.65.

BJ’s Wholesale Club Trading Up 3.1 %

Shares of BJ’s Wholesale Club stock opened at $115.85 on Friday. BJ’s Wholesale Club has a 12-month low of $71.81 and a 12-month high of $116.00. The company has a market cap of $15.30 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 4.50 and a beta of 0.28. 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 company’s 50-day moving average price is $98.88 and its 200-day moving average price is $91.43.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. On average, equities analysts expect that BJ’s Wholesale Club will post 3.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC grew its holdings in shares of BJ’s Wholesale Club by 7.2% in the third quarter. FMR LLC now owns 14,357,118 shares of the company’s stock worth $1,184,175,000 after purchasing an additional 966,528 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of BJ’s Wholesale Club by 3.5% in the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after purchasing an additional 217,385 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of BJ’s Wholesale Club by 10.6% in the fourth quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company’s stock worth $470,775,000 after purchasing an additional 504,958 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of BJ’s Wholesale Club by 1.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company’s stock worth $387,009,000 after purchasing an additional 43,106 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of BJ’s Wholesale Club by 1.1% in the third quarter. State Street Corp now owns 4,045,590 shares of the company’s stock worth $333,680,000 after purchasing an additional 45,288 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

About BJ’s Wholesale Club

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.