BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday after Wells Fargo & Company raised their price target on the stock from $100.00 to $115.00. Wells Fargo & Company currently has an overweight rating on the stock. BJ's Wholesale Club traded as high as $106.03 and last traded at $105.63, with a volume of 348695 shares trading hands. The stock had previously closed at $104.43.
Several other equities research analysts have also commented on BJ. UBS Group boosted their price objective on BJ's Wholesale Club from $102.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Morgan Stanley boosted their price target on BJ's Wholesale Club from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Friday, November 22nd. Jefferies Financial Group raised their price objective on BJ's Wholesale Club from $105.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, November 21st. 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 research note on Wednesday, December 18th. Finally, TD Cowen increased their target price on shares of BJ's Wholesale Club from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $94.88.
Read Our Latest Stock Analysis on BJ
Institutional Investors Weigh In On BJ's Wholesale Club
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC boosted its stake in BJ's Wholesale Club by 13.5% during the third quarter. CWM LLC now owns 2,114 shares of the company's stock worth $174,000 after buying an additional 251 shares during the period. UMB Bank n.a. lifted its holdings in shares of BJ's Wholesale Club by 375.6% in the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company's stock worth $31,000 after acquiring an additional 293 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of BJ's Wholesale Club by 4.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 9,495 shares of the company's stock worth $783,000 after purchasing an additional 392 shares during the period. Creative Planning increased its holdings in BJ's Wholesale Club by 37.4% in the 3rd quarter. Creative Planning now owns 12,771 shares of the company's stock valued at $1,053,000 after purchasing an additional 3,473 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in BJ's Wholesale Club in the 3rd quarter valued at approximately $282,000. Institutional investors and hedge funds own 98.60% of the company's stock.
BJ's Wholesale Club Trading Up 0.1 %
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 business has a 50-day simple moving average of $96.41 and a 200-day simple moving average of $89.46. The company has a market cap of $14.10 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 4.69 and a beta of 0.32.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings data on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.29. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The company's quarterly revenue was up 3.5% compared to the same quarter last year. On average, analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.95 EPS for the current fiscal year.
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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