BJ’s Wholesale Club (NYSE:BJ – Free Report) Loop Capital raised its price target from $80.00 to $85.00 in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has a hold rating on the stock.
A number of other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of BJ’s Wholesale Club from $70.00 to $74.00 and gave the company an underweight rating in a research report on Tuesday, May 28th. Robert W. Baird increased their price target on BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock an outperform rating in a research report on Friday, May 24th. Evercore ISI increased their price target on BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an in-line rating in a research report on Thursday, June 20th. DA Davidson increased their price target on BJ’s Wholesale Club from $92.00 to $95.00 and gave the company a buy rating in a report on Friday, May 24. Finally, The Goldman Sachs Group upgraded shares of BJ’s Wholesale Club from a neutral rating to a buy rating and raised their price target on the stock from $81.00 to $87.00 in a research note on Monday, April 8. One equities analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given the company a buy rating. The company currently has an average rating of Hold and an average price target of $82.35, according to data from MarketBeat.com.
Get our latest research report on BJ’s Wholesale Club
BJ’s Wholesale Club shares rise 1.1%
BJ’s shares opened at $90.63 on Thursday. BJ’s Wholesale Club has a 52-week low of $62.28 and a 52-week high of $92.37. The company has a market cap of $12.03 billion, a P/E ratio of 23.54, a PEG ratio of 3.12 and a beta of 0.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.14 and a current ratio of 0.74. The stock’s 50-day moving average is $85.04 and its 200-day moving average is $75.91.
BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last released its quarterly earnings results on Thursday, May 23. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The company posted revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter last year, the company posted earnings per share of $0.85. BJ’s Wholesale Club’s quarterly revenue grew 4.1% year-over-year. Equities analysts expect BJ’s Wholesale Club to report earnings per share of $3.91 for the current year.
Insider buying and selling
In other news, EVP Jeff Desroches sold 14,106 shares of the company’s stock in a transaction that occurred on Friday, May 31. The shares were sold at an average price of $86.00, for a total value of $1,213,116.00. Following the completion of the transaction, the executive vice president now owns 87,294 shares of the company’s stock, valued at $7,507,284. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Jeff Desroches sold 14,106 shares of the company’s stock in a transaction that occurred on Friday, May 31. The shares were sold at an average price of $86.00, for a total value of $1,213,116.00. Following the completion of the sale, the executive vice president now owns 87,294 shares of the company’s stock, valued at $7,507,284. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available through this link. Also, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction dated Monday, April 15. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the transaction, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at $998,459.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,106 shares of the company’s stock, valued at $2,246,386. Insiders own 2.00% of the company’s stock.
Hedge funds comment on BJ’s Wholesale Club
A number of institutional investors have recently increased or reduced their holdings of the stock. Rise Advisors LLC acquired a new position in shares of BJ’s Wholesale Club in the 1st quarter valued at $26,000. Eagle Bay Advisors LLC acquired a new position in shares of BJ’s Wholesale Club in the 4th quarter valued at around $40,000. Park Place Capital Corp increased its holdings in shares of BJ’s Wholesale Club by 42.4% in the 1st quarter. Park Place Capital Corp now owns 1,095 shares of the company’s stock valued at $83,000 after purchasing an additional 326 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of BJ’s Wholesale Club by 36.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,126 shares of the company’s stock valued at $75,000 after purchasing an additional 302 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in BJ’s Wholesale Club in the first quarter valued at approximately $88,000. Hedge funds and other institutional investors own 98.60% of the company’s shares.
About BJ’s Wholesale Club
(Get free report)
BJ’s Wholesale Club Holdings, Inc., together with its subsidiaries, operates warehouse clubs in the eastern half of the United States. It offers groceries, general merchandise, gasoline and other ancillary services, coupon books and special offers. The company sells its products through the websites BJs.com, BerkleyJensen.com and Wellsleyfarms.com and through the mobile app.
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