BJ's Wholesale Club (NYSE:BJ) Price Target Raised to $100.00

BJ's Wholesale Club (NYSE:BJ - Free Report) had its price target hoisted by Wells Fargo & Company from $92.00 to $100.00 in a report published on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. Bank of America lowered their price objective on BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, August 23rd. JPMorgan Chase & Co. raised shares of BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and upped their price objective for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Roth Mkm increased their price objective on BJ's Wholesale Club from $68.00 to $75.00 and gave the company a "neutral" rating in a research note on Friday, August 23rd. Finally, Melius Research initiated coverage on BJ's Wholesale Club in a research report on Monday, September 23rd. They issued a "buy" rating and a $90.00 price objective on the stock. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, BJ's Wholesale Club has an average rating of "Moderate Buy" and a consensus price target of $87.87.

BJ's Wholesale Club Stock Down 0.6 %

BJ stock traded down $0.56 during midday trading on Tuesday, hitting $89.06. The company's stock had a trading volume of 1,302,165 shares, compared to its average volume of 1,469,281. The stock has a market capitalization of $11.81 billion, a P/E ratio of 22.64, a PEG ratio of 3.35 and a beta of 0.24. The company's fifty day moving average price is $84.02 and its 200 day moving average price is $84.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. BJ's Wholesale Club has a twelve month low of $63.08 and a twelve month high of $92.37.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.09. The firm had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.15 billion. BJ's Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The company's revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. As a group, equities research analysts predict that BJ's Wholesale Club will post 3.82 EPS for the current year.

Insider Transactions at BJ's Wholesale Club

In related news, SVP Joseph Mcgrail sold 1,000 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now directly owns 13,566 shares in the company, valued at $1,133,710.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other BJ's Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the company's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the sale, the senior vice president now owns 13,566 shares of the company's stock, valued at approximately $1,133,710.62. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of BJ's Wholesale Club stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the completion of the sale, the chief executive officer now owns 445,792 shares in the company, valued at $35,395,884.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock valued at $2,818,390 over the last quarter. Company insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Creative Planning increased its position in shares of BJ's Wholesale Club by 10.7% during the second quarter. Creative Planning now owns 9,298 shares of the company's stock worth $817,000 after acquiring an additional 898 shares in the last quarter. Raymond James & Associates boosted its position in BJ's Wholesale Club by 99.9% in the second quarter. Raymond James & Associates now owns 764,474 shares of the company's stock worth $67,151,000 after purchasing an additional 382,114 shares during the last quarter. Tidal Investments LLC grew its stake in BJ's Wholesale Club by 96.8% in the 1st quarter. Tidal Investments LLC now owns 19,840 shares of the company's stock valued at $1,501,000 after purchasing an additional 9,759 shares during the period. LVW Advisors LLC bought a new stake in shares of BJ's Wholesale Club during the 2nd quarter worth $589,000. Finally, Bayesian Capital Management LP bought a new position in BJ's Wholesale Club during the first quarter valued at $908,000. 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.