Jefferies Financial Group Issues Positive Forecast for BJ's Wholesale Club (NYSE:BJ) Stock Price

BJ's Wholesale Club (NYSE:BJ - Free Report) had its price objective boosted by Jefferies Financial Group from $95.00 to $105.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a buy rating on the stock.

BJ has been the topic of several other reports. JPMorgan Chase & Co. raised shares of BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and increased their price target for the company from $76.00 to $78.00 in a report on Monday, August 26th. Wells Fargo & Company upped their target price on BJ's Wholesale Club from $92.00 to $100.00 and gave the company an "overweight" rating in a research report on Tuesday. Melius Research assumed coverage on BJ's Wholesale Club in a report on Monday, September 23rd. They set a "buy" rating and a $90.00 price target for the company. Roth Mkm upped their price objective on BJ's Wholesale Club from $68.00 to $75.00 and gave the company a "neutral" rating in a report on Friday, August 23rd. Finally, Bank of America dropped their target price on BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, August 23rd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $88.94.

BJ's Wholesale Club Stock Up 0.3 %

Shares of BJ's Wholesale Club stock traded up $0.30 on Friday, reaching $87.27. 1,112,990 shares of the company were exchanged, compared to its average volume of 1,465,049. The company has a market capitalization of $11.57 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 3.23 and a beta of 0.24. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. BJ's Wholesale Club has a one year low of $63.08 and a one year high of $92.37. The company has a 50-day moving average of $84.80 and a 200 day moving average of $84.91.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. BJ's Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. During the same period in the previous year, the business earned $0.97 EPS. BJ's Wholesale Club's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts forecast that BJ's Wholesale Club will post 3.82 earnings per share for the current year.

Insider Buying and Selling at BJ's Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of BJ's Wholesale Club stock in a transaction on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the transaction, the chief executive officer now owns 423,792 shares in the company, valued at approximately $36,221,502.24. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the sale, the senior vice president now owns 13,566 shares of the company's stock, valued at $1,133,710.62. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,000 shares of company stock worth $2,818,390. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BJ's Wholesale Club

A number of institutional investors have recently modified their holdings of BJ. Creative Planning grew its stake in BJ's Wholesale Club by 10.7% during the second quarter. Creative Planning now owns 9,298 shares of the company's stock worth $817,000 after purchasing an additional 898 shares during the period. Raymond James & Associates increased its stake in shares of BJ's Wholesale Club by 99.9% in the 2nd quarter. Raymond James & Associates now owns 764,474 shares of the company's stock valued at $67,151,000 after acquiring an additional 382,114 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of BJ's Wholesale Club by 3.5% during the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company's stock valued at $531,118,000 after acquiring an additional 217,385 shares during the period. Tidal Investments LLC boosted its stake in BJ's Wholesale Club by 96.8% during the first quarter. Tidal Investments LLC now owns 19,840 shares of the company's stock worth $1,501,000 after acquiring an additional 9,759 shares in the last quarter. Finally, LVW Advisors LLC acquired a new stake in BJ's Wholesale Club in the second quarter worth $589,000. 98.60% of the stock is owned by institutional investors.

About BJ's Wholesale Club

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.