BJ's Wholesale Club (NYSE:BJ) Sets New 1-Year High - Time to Buy?

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $118.67 and last traded at $116.41, with a volume of 317823 shares. The stock had previously closed at $114.97.

Analysts Set New Price Targets

A number of research firms have issued reports on BJ. Argus raised BJ's Wholesale Club to a "hold" rating in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on BJ's Wholesale Club from $87.00 to $101.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Barclays increased their target price on BJ's Wholesale Club from $80.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Loop Capital lifted their price target on shares of BJ's Wholesale Club from $95.00 to $110.00 and gave the company a "hold" rating in a research note on Friday, March 7th. Finally, DA Davidson increased their price objective on shares of BJ's Wholesale Club from $123.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $110.82.

BJ's Wholesale Club Stock Down 0.6 %

The firm has a market cap of $14.99 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54. 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 firm has a fifty day moving average of $107.18 and a 200-day moving average of $96.40.

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BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.07. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.29 billion. On average, equities research analysts anticipate 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, EVP William C. Werner sold 20,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $110.41, for a total value of $2,208,200.00. Following the transaction, the executive vice president now owns 31,308 shares in the company, valued at approximately $3,456,716.28. This represents a 38.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Allan Steele sold 11,813 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the sale, the director now owns 24,351 shares of the company's stock, valued at $2,619,924.09. This trade represents a 32.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,005 shares of company stock worth $5,148,708. Company insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its stake in shares of BJ's Wholesale Club by 6.0% in the third quarter. Captrust Financial Advisors now owns 6,913 shares of the company's stock valued at $570,000 after acquiring an additional 392 shares in the last quarter. HighTower Advisors LLC boosted its holdings in BJ's Wholesale Club by 6.1% in the 3rd quarter. HighTower Advisors LLC now owns 16,401 shares of the company's stock valued at $1,347,000 after purchasing an additional 947 shares during the period. Janus Henderson Group PLC grew its position in shares of BJ's Wholesale Club by 10.0% during the 3rd quarter. Janus Henderson Group PLC now owns 107,652 shares of the company's stock worth $8,878,000 after purchasing an additional 9,744 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of BJ's Wholesale Club by 5.2% during the third quarter. Integrated Wealth Concepts LLC now owns 2,710 shares of the company's stock worth $224,000 after purchasing an additional 133 shares during the period. Finally, Quantinno Capital Management LP raised its position in shares of BJ's Wholesale Club by 44.6% in the third quarter. Quantinno Capital Management LP now owns 23,900 shares of the company's stock valued at $1,971,000 after buying an additional 7,374 shares in the last quarter. 98.60% of the stock is 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.