BJ’s Wholesale Club (NYSE:BJ) Given New $108.00 Price Target at UBS Group

BJ’s Wholesale Club (NYSE:BJ) had its price objective boosted by UBS Group from $102.00 to $108.00 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently weighed in on BJ. Melius Research began coverage on BJ’s Wholesale Club in a research note on Monday, September 23rd. They set a “buy” rating and a $90.00 target price on the stock. Bank of America cut their price objective on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Roth Mkm increased their target price on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Finally, Wells Fargo & Company upped their price target on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $93.25.

BJ’s Wholesale Club Stock Performance

BJ stock opened at $98.33 on Friday. BJ’s Wholesale Club has a 1 year low of $63.73 and a 1 year high of $99.91. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 4.54 and a beta of 0.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The stock’s fifty day moving average is $86.18 and its two-hundred day moving average is $85.61.

Insider Transactions at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the completion of the transaction, the chief executive officer now owns 445,792 shares in the company, valued at $35,395,884.80. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 33,000 shares of company stock valued at $2,734,820 in the last three months. 2.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. CIBC Asset Management Inc raised its position 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 valued at $322,000 after acquiring an additional 123 shares during the last quarter. Fifth Third Bancorp increased its holdings in BJ’s Wholesale Club by 9.3% in the second quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock valued at $128,000 after purchasing an additional 124 shares during the last quarter. CWM LLC lifted its stake in BJ’s Wholesale Club by 7.4% in the second quarter. CWM LLC now owns 1,863 shares of the company’s stock valued at $164,000 after buying an additional 128 shares during the period. OLD National Bancorp IN lifted its stake in BJ’s Wholesale Club by 2.5% in the third quarter. OLD National Bancorp IN now owns 5,438 shares of the company’s stock valued at $449,000 after buying an additional 133 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its holdings in 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 buying an additional 133 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

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.