BJ’s Wholesale Club (NYSE:BJ) Hits New 12-Month High – What’s Next?

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $118.67 and last traded at $116.41, with a volume of 317823 shares. The stock had previously closed at $114.97.

Analysts Set New Price Targets

BJ has been the subject of several recent research reports. Loop Capital boosted their price objective on BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “hold” rating in a report on Friday, March 7th. Evercore ISI reduced their price target on shares of BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating for the company in a research report on Tuesday. Morgan Stanley upped their price objective on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday, March 7th. Robert W. Baird lifted their price objective on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Finally, DA Davidson raised their price target on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $110.82.

BJ’s Wholesale Club Stock Up 1.8 %

The firm has a market capitalization of $15.41 billion, a P/E ratio of 28.18, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The stock has a fifty day moving average of $106.08 and a 200 day moving average of $95.54.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. The company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.29 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. On average, research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP William C. Werner sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total value of $2,208,200.00. Following the sale, the executive vice president now directly owns 31,308 shares in the company, valued at $3,456,716.28. The trade was a 38.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Allan Steele sold 11,813 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the transaction, the director now directly owns 24,351 shares in the company, valued at $2,619,924.09. This represents a 32.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

Large investors have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. boosted its holdings in BJ’s Wholesale Club by 0.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company’s stock worth $1,787,000 after buying an additional 105 shares during the period. Lifestyle Asset Management Inc. lifted its position in shares of BJ’s Wholesale Club by 0.8% during the fourth quarter. Lifestyle Asset Management Inc. now owns 13,329 shares of the company’s stock worth $1,191,000 after acquiring an additional 108 shares in the last quarter. Gateway Investment Advisers LLC boosted its holdings in shares of BJ’s Wholesale Club by 0.7% in the fourth quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company’s stock worth $1,353,000 after acquiring an additional 111 shares during the period. Covestor Ltd grew its position in shares of BJ’s Wholesale Club by 66.5% in the fourth 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. Finally, Captrust Financial Advisors raised its stake in shares of BJ’s Wholesale Club by 1.9% during the 4th quarter. Captrust Financial Advisors now owns 7,044 shares of the company’s stock valued at $629,000 after purchasing an additional 131 shares during the period. 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.