JPMorgan Chase & Co. Forecasts Strong Price Appreciation for BJ's Wholesale Club (NYSE:BJ) Stock

BJ's Wholesale Club (NYSE:BJ - Free Report) had its price target hoisted by JPMorgan Chase & Co. from $87.00 to $101.00 in a research report released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also recently commented on the stock. Wells Fargo & Company upped their price objective on shares of BJ's Wholesale Club from $100.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. TD Cowen boosted their target price on shares of BJ's Wholesale Club from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Jefferies Financial Group increased their price target 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. UBS Group raised their price objective on 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, Citigroup lifted their target price on shares of BJ's Wholesale Club from $94.00 to $101.00 and gave the stock a "neutral" rating in a report on Wednesday, December 18th. 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $96.24.

BJ's Wholesale Club Price Performance

BJ stock traded down $0.94 during midday trading on Monday, reaching $100.15. 2,479,772 shares of the company's stock traded hands, compared to its average volume of 1,602,406. The company has a 50-day simple moving average of $98.53 and a two-hundred day simple moving average of $91.28. 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 market cap of $13.23 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 4.50 and a beta of 0.28. BJ's Wholesale Club has a 1-year low of $71.81 and a 1-year high of $108.00.

Institutional Investors Weigh In On BJ's Wholesale Club

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Covestor Ltd increased its position in shares of BJ's Wholesale Club by 66.5% during the fourth quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after acquiring an additional 115 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of BJ's Wholesale Club by 652.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock worth $47,000 after purchasing an additional 457 shares during the period. Tortoise Investment Management LLC lifted its stake in BJ's Wholesale Club by 78.7% in the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock valued at $47,000 after purchasing an additional 233 shares during the last quarter. UMB Bank n.a. increased its position in BJ's Wholesale Club by 68.2% in the fourth quarter. UMB Bank n.a. now owns 624 shares of the company's stock worth $56,000 after buying an additional 253 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of BJ's Wholesale Club in the third quarter valued at $55,000. 98.60% of the stock is owned by institutional investors.

BJ's Wholesale Club Company Profile

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.