BJ’s Wholesale Club (NYSE:BJ) Given New $87.00 Price Target at Roth Mkm

BJ’s Wholesale Club (NYSE:BJ) had its price objective upped by equities research analysts at Roth Mkm from $75.00 to $87.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Roth Mkm’s target price would indicate a potential downside of 10.36% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. Jefferies Financial Group raised their target price on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Wells Fargo & Company raised their price target on BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. TD Cowen raised their price target on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, Melius Research initiated coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 price target on the stock. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.25.

BJ’s Wholesale Club Price Performance

Shares of BJ opened at $97.06 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. 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 cap of $12.87 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 4.54 and a beta of 0.24. The stock’s 50-day moving average price is $86.18 and its two-hundred day moving average price is $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 that occurred on Tuesday, September 3rd. The stock was 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 directly owns 445,792 shares in the company, valued at $35,395,884.80. This trade represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 33,000 shares of company stock valued at $2,734,820. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. bought a new position in shares of BJ’s Wholesale Club during the 2nd quarter worth approximately $25,000. Davis Capital Management bought a new position in shares of BJ’s Wholesale Club during the 3rd quarter worth approximately $25,000. UMB Bank n.a. boosted its stake in shares of BJ’s Wholesale Club by 375.6% during the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after acquiring an additional 293 shares during the period. Reston Wealth Management LLC bought a new position in shares of BJ’s Wholesale Club during the 3rd quarter worth approximately $41,000. Finally, J.Safra Asset Management Corp bought a new position in shares of BJ’s Wholesale Club during the 2nd quarter worth approximately $45,000. 98.60% of the stock is currently owned by institutional investors.

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.