BJ's Wholesale Club (NYSE:BJ - Free Report) had its price objective increased by Citigroup from $94.00 to $101.00 in a research report report published on Wednesday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.
Several other brokerages also recently weighed in on BJ. Jefferies Financial Group upped their target price on shares of BJ's Wholesale Club from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. UBS Group increased their target price on BJ's Wholesale Club from $102.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Morgan Stanley lifted 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 note on Friday, November 22nd. Roth Mkm upped their price target on BJ's Wholesale Club from $75.00 to $87.00 and gave the stock a "neutral" rating in a research note on Monday, November 25th. Finally, TD Cowen lifted their price objective 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 research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $94.00.
View Our Latest Analysis on BJ
BJ's Wholesale Club Stock Performance
NYSE:BJ traded down $3.20 during mid-day trading on Wednesday, reaching $94.32. The company's stock had a trading volume of 1,780,995 shares, compared to its average volume of 1,509,816. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The stock has a market cap of $12.46 billion, a P/E ratio of 22.67, a PEG ratio of 4.69 and a beta of 0.29. The firm's fifty day moving average price is $90.73 and its two-hundred day moving average price is $87.30. BJ's Wholesale Club has a 12-month low of $64.06 and a 12-month high of $100.74.
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, topping analysts' consensus estimates of $0.89 by $0.29. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter last year, the firm posted $0.98 earnings per share. The firm's revenue was up 3.5% compared to the same quarter last year. On average, equities analysts forecast that BJ's Wholesale Club will post 3.95 EPS for the current fiscal year.
Insider Buying and Selling at BJ's Wholesale Club
In other news, CEO Robert W. Eddy sold 11,000 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $83.75, for a total transaction of $921,250.00. Following the transaction, the chief executive officer now directly owns 434,792 shares of the company's stock, valued at approximately $36,413,830. This represents a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in BJ. Lord Abbett & CO. LLC grew its position in BJ's Wholesale Club by 11.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,371,169 shares of the company's stock worth $113,094,000 after purchasing an additional 136,082 shares during the period. Oddo BHF Asset Management Sas acquired a new position in shares of BJ's Wholesale Club during the 3rd quarter worth about $714,000. Franklin Resources Inc. lifted its stake in BJ's Wholesale Club by 7.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company's stock valued at $408,926,000 after buying an additional 337,217 shares in the last quarter. Tidal Investments LLC boosted its holdings in BJ's Wholesale Club by 66.9% in the 3rd quarter. Tidal Investments LLC now owns 37,016 shares of the company's stock worth $3,053,000 after buying an additional 14,831 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in BJ's Wholesale Club during the 3rd quarter worth approximately $55,000. Hedge funds and other institutional investors own 98.60% of the company's stock.
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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