UBS Group Raises BJ's Wholesale Club (NYSE:BJ) Price Target to $130.00

BJ's Wholesale Club (NYSE:BJ - Free Report) had its target price increased by UBS Group from $108.00 to $130.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on BJ. Citigroup upped their target price on shares of BJ's Wholesale Club from $101.00 to $115.00 and gave the company a "neutral" rating in a report on Friday. Jefferies Financial Group increased their price target on shares of BJ's Wholesale Club from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. TD Cowen increased their price target on shares of BJ's Wholesale Club from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Morgan Stanley increased their price target on shares of BJ's Wholesale Club from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of BJ's Wholesale Club from $87.00 to $101.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $104.65.

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BJ's Wholesale Club Stock Up 3.1 %

NYSE BJ traded up $3.52 on Friday, hitting $115.85. 3,677,306 shares of the stock were exchanged, compared to its average volume of 1,737,657. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. BJ's Wholesale Club has a fifty-two week low of $71.81 and a fifty-two week high of $116.00. The company has a market cap of $15.30 billion, a PE ratio of 27.85, a PEG ratio of 4.50 and a beta of 0.28. The company has a 50-day moving average price of $99.35 and a 200-day moving average price of $91.66.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.93 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 company had revenue of $5.28 billion during the quarter, compared to analysts' expectations of $5.29 billion. Sell-side analysts anticipate that BJ's Wholesale Club will post 3.96 EPS for the current fiscal year.

Hedge Funds Weigh In On BJ's Wholesale Club

A number of large investors have recently made changes to their positions in BJ. Covestor Ltd increased its holdings in shares of BJ's Wholesale Club by 66.5% in the 4th quarter. Covestor Ltd now owns 288 shares of the company's stock valued at $26,000 after purchasing an additional 115 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in shares of BJ's Wholesale Club by 78.7% in the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock valued at $47,000 after purchasing an additional 233 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of BJ's Wholesale Club by 652.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock valued at $47,000 after purchasing an additional 457 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of BJ's Wholesale Club in the 3rd quarter valued at about $55,000. Finally, UMB Bank n.a. increased its holdings in shares of BJ's Wholesale Club by 68.2% in the 4th quarter. UMB Bank n.a. now owns 624 shares of the company's stock valued at $56,000 after purchasing an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Company Profile

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.