Brokerages Set BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) PT at $94.00

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has been assigned an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $94.00.

BJ has been the topic of several research reports. UBS Group upped their target price on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Wells Fargo & Company increased their price objective on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Jefferies Financial Group lifted 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. 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 report on Friday, November 22nd. Finally, Roth Mkm lifted their price objective on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, November 25th.

BJ’s Wholesale Club Price Performance

Shares of NYSE BJ opened at $89.60 on Friday. BJ’s Wholesale Club has a fifty-two week low of $64.06 and a fifty-two week high of $100.74. 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 $11.84 billion, a PE ratio of 21.54, a P/E/G ratio of 4.69 and a beta of 0.29. The business has a 50-day simple moving average of $91.73 and a two-hundred day simple moving average of $87.60.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.29. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. BJ’s Wholesale Club’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. As a group, equities analysts expect that BJ’s Wholesale Club will post 3.95 EPS for the current fiscal year.

Insider Activity at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was 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 $36,221,502.24. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

Large investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC increased its stake in shares of BJ’s Wholesale Club by 11.0% during the third quarter. Lord Abbett & CO. LLC now owns 1,371,169 shares of the company’s stock worth $113,094,000 after purchasing an additional 136,082 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in BJ’s Wholesale Club in the 3rd quarter worth about $714,000. Franklin Resources Inc. boosted its holdings in BJ’s Wholesale Club by 7.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company’s stock worth $408,926,000 after buying an additional 337,217 shares during the last quarter. Tidal Investments LLC increased its stake in BJ’s Wholesale Club by 66.9% during the 3rd quarter. Tidal Investments LLC now owns 37,016 shares of the company’s stock worth $3,053,000 after buying an additional 14,831 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of BJ’s Wholesale Club during the third quarter valued at approximately $55,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

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.