BJ's Wholesale Club (NYSE:BJ) Sets New 52-Week High - Here's What Happened

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $101.44 and last traded at $101.60, with a volume of 320168 shares changing hands. The stock had previously closed at $99.62.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Roth Mkm boosted their target price on shares of BJ's Wholesale Club from $75.00 to $87.00 and gave the stock a "neutral" rating in a research report on Monday, November 25th. Jefferies Financial Group boosted their price objective on shares of BJ's Wholesale Club from $105.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, November 21st. TD Cowen lifted their price target on BJ's Wholesale Club from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Wells Fargo & Company boosted their price target on BJ's Wholesale Club from $92.00 to $100.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th. Finally, Morgan Stanley upped their target price on BJ's Wholesale Club from $90.00 to $98.00 and gave the company an "equal weight" rating in a research report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $94.00.

BJ's Wholesale Club Stock Down 1.1 %

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The business's fifty day simple moving average is $95.79 and its two-hundred day simple moving average is $89.08. The company has a market cap of $13.80 billion, a PE ratio of 25.11, a PEG ratio of 4.69 and a beta of 0.32.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings results on Thursday, November 21st. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.89 by $0.29. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.12 billion. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm's revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. On average, analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

Institutional Investors Weigh In On BJ's Wholesale Club

A number of hedge funds have recently modified their holdings of BJ. Lifestyle Asset Management Inc. raised its holdings in shares of BJ's Wholesale Club by 0.8% during the 4th quarter. Lifestyle Asset Management Inc. now owns 13,329 shares of the company's stock worth $1,191,000 after acquiring an additional 108 shares during the period. Gateway Investment Advisers LLC grew its stake in shares of BJ's Wholesale Club by 0.7% in the 4th quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company's stock valued at $1,353,000 after buying an additional 111 shares during the period. CIBC Asset Management Inc increased its holdings in shares of BJ's Wholesale Club by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 3,906 shares of the company's stock worth $322,000 after buying an additional 123 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in BJ's Wholesale Club by 4.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,983 shares of the company's stock valued at $267,000 after acquiring an additional 132 shares during the last quarter. Finally, Cornerstone Investment Partners LLC grew its position in BJ's Wholesale Club by 2.6% in the fourth quarter. Cornerstone Investment Partners LLC now owns 5,262 shares of the company's stock worth $470,000 after acquiring an additional 132 shares during the period. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ's Wholesale Club Company Profile

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.