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

BJ’s Wholesale Club (NYSE:BJ) had its price objective lifted by equities researchers at TD Cowen from $110.00 to $115.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s target price indicates a potential upside of 17.90% from the company’s previous close.

Several other analysts also recently weighed in on BJ. Melius Research initiated coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They set a “buy” rating and a $90.00 price target for the company. Jefferies Financial Group boosted their price target on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Morgan Stanley boosted their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Roth Mkm lifted their price objective on 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. Finally, Bank of America cut their price objective on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a report 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $93.56.

BJ’s Wholesale Club Trading Down 1.0 %

Shares of BJ stock opened at $97.54 on Thursday. The company has a market cap of $12.88 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 4.69 and a beta of 0.29. BJ’s Wholesale Club has a 1 year low of $64.06 and a 1 year high of $100.74. The stock’s 50 day simple moving average is $90.22 and its two-hundred day simple moving average is $87.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.29. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.12 billion. During the same period last year, the company earned $0.98 earnings per share. BJ’s Wholesale Club’s revenue was up 3.5% on a year-over-year basis. Research analysts predict that BJ’s Wholesale Club will post 3.95 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $83.75, for a total value of $921,250.00. Following the transaction, the chief executive officer now directly owns 434,792 shares in the company, valued at $36,413,830. The trade was a 2.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. bought a new stake in shares of BJ’s Wholesale Club during the 2nd quarter worth $25,000. Davis Capital Management acquired a new position in shares of BJ’s Wholesale Club during the third quarter worth approximately $25,000. UMB Bank n.a. grew its stake in shares of BJ’s Wholesale Club by 375.6% in the third 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 last quarter. Reston Wealth Management LLC bought a new position in BJ’s Wholesale Club during the third quarter worth $41,000. Finally, Benjamin Edwards Inc. raised its stake in BJ’s Wholesale Club by 394.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock valued at $55,000 after purchasing an additional 501 shares during the last quarter. 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.