BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $101.44 and last traded at $101.60, with a volume of 320168 shares. The stock had previously closed at $99.62.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on BJ shares. Wells Fargo & Company boosted 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. Jefferies Financial Group upped their target price on shares of BJ's Wholesale Club from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Citigroup boosted their price objective on BJ's Wholesale Club from $94.00 to $101.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 18th. UBS Group lifted their price target on shares of BJ's Wholesale Club from $102.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Finally, Roth Mkm upped their price objective 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. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $94.88.
Read Our Latest Research Report on BJ's Wholesale Club
BJ's Wholesale Club Stock Performance
The stock has a 50 day simple moving average of $96.01 and a two-hundred day simple moving average of $89.20. The company has a market capitalization of $14.06 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 4.69 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.29. The firm had revenue of $5.10 billion during the quarter, compared to analysts' expectations of $5.12 billion. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm's revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. As a group, analysts anticipate 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 hedge funds have recently made changes to their positions in BJ. UMB Bank n.a. boosted its stake in BJ's Wholesale Club by 375.6% during the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company's stock worth $31,000 after purchasing an additional 293 shares during the period. Reston Wealth Management LLC purchased a new stake in shares of BJ's Wholesale Club in the third quarter valued at about $41,000. Tortoise Investment Management LLC boosted its stake in shares of BJ's Wholesale Club by 78.7% during the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock worth $47,000 after buying an additional 233 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of BJ's Wholesale Club during the third quarter worth about $55,000. Finally, Blue Trust Inc. increased its position in BJ's Wholesale Club by 198.6% in the 3rd quarter. Blue Trust Inc. now owns 863 shares of the company's stock valued at $76,000 after acquiring an additional 574 shares during the period. Hedge funds and other institutional investors own 98.60% of the company's stock.
About BJ's Wholesale Club
(
Get Free Report)
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.
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