BJ's Wholesale Club (NYSE:BJ) Sets New 12-Month High - What's Next?

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $120.63 and last traded at $120.01, with a volume of 2199171 shares trading hands. The stock had previously closed at $117.36.

Analysts Set New Price Targets

A number of research firms recently issued reports on BJ. Cowen reissued a "buy" rating on shares of BJ's Wholesale Club in a research report on Friday, March 7th. Robert W. Baird lifted their target price on shares of BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Morgan Stanley raised their price objective on BJ's Wholesale Club from $98.00 to $115.00 and gave the company an "equal weight" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their target price on BJ's Wholesale Club from $87.00 to $101.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Finally, Citigroup raised shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and increased their price objective for the company from $115.00 to $130.00 in a research report on Thursday, April 3rd. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $110.82.

BJ's Wholesale Club Stock Up 2.4 %

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The stock has a market cap of $15.61 billion, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54. The business's 50 day moving average is $109.94 and its 200 day moving average is $98.45.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.86 by $0.07. The business had revenue of $5.28 billion during the quarter, compared to analysts' expectations of $5.29 billion. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. Equities analysts expect that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insider Activity at BJ's Wholesale Club

In related news, CEO Robert W. Eddy sold 280,400 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $114.31, for a total value of $32,052,524.00. Following the completion of the sale, the chief executive officer now directly owns 422,033 shares in the company, valued at approximately $48,242,592.23. This represents a 39.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Joseph Mcgrail sold 2,100 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total value of $251,454.00. Following the completion of the sale, the senior vice president now owns 14,240 shares of the company's stock, valued at approximately $1,705,097.60. This trade represents a 12.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 328,505 shares of company stock valued at $37,452,686. Corporate insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its position in shares of BJ's Wholesale Club by 118.6% during the 3rd quarter. Barclays PLC now owns 144,652 shares of the company's stock worth $11,931,000 after purchasing an additional 78,470 shares during the last quarter. Anchor Investment Management LLC grew its stake in shares of BJ's Wholesale Club by 47.3% in the third quarter. Anchor Investment Management LLC now owns 2,037 shares of the company's stock worth $168,000 after acquiring an additional 654 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in BJ's Wholesale Club during the third quarter worth $55,000. Tidal Investments LLC raised its stake in BJ's Wholesale Club by 66.9% during the 3rd quarter. Tidal Investments LLC now owns 37,016 shares of the company's stock valued at $3,053,000 after purchasing an additional 14,831 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in BJ's Wholesale Club by 7.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company's stock worth $408,926,000 after purchasing an additional 337,217 shares during the last quarter. 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 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.