BJ’s Wholesale Club (NYSE:BJ) Stock Price Expected to Rise, TD Cowen Analyst Says

BJ’s Wholesale Club (NYSE:BJ) had its price target boosted by TD Cowen from $95.00 to $110.00 in a research note released on Friday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

BJ has been the topic of a number of other research reports. Morgan Stanley increased their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday. Melius Research began coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 target price on the stock. JPMorgan Chase & Co. raised 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 report on Monday, August 26th. Jefferies Financial Group increased 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. Finally, Bank of America cut their target price on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $93.25.

BJ’s Wholesale Club Trading Up 1.6 %

Shares of BJ’s Wholesale Club stock opened at $98.33 on Friday. BJ’s Wholesale Club has a fifty-two week low of $63.73 and a fifty-two week high of $99.91. 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 company has a market cap of $13.04 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 4.54 and a beta of 0.24. The firm has a 50-day simple moving average of $86.18 and a two-hundred day simple moving average of $85.61.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the firm’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 completion of the sale, the chief executive officer now owns 434,792 shares of the company’s stock, valued at $36,413,830. This trade represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 33,000 shares of company stock valued at $2,734,820. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several large investors have recently modified their holdings of BJ. Blue Trust Inc. acquired a new position in shares of BJ’s Wholesale Club in the 2nd quarter worth approximately $25,000. Davis Capital Management acquired a new position in BJ’s Wholesale Club during the third quarter worth $25,000. UMB Bank n.a. lifted its stake in BJ’s Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after purchasing an additional 293 shares in the last quarter. Reston Wealth Management LLC purchased a new position in shares of BJ’s Wholesale Club during the third quarter worth $41,000. Finally, J.Safra Asset Management Corp acquired a new stake in shares of BJ’s Wholesale Club in the second quarter valued at $45,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

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.