BJ’s Wholesale Club (NYSE:BJ) Sets New 1-Year High Following Better-Than-Expected Earnings

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)’s share price hit a new 52-week high during trading on Thursday following a better than expected earnings announcement. The company traded as high as $112.27 and last traded at $111.43, with a volume of 671599 shares traded. The stock had previously closed at $100.09.

The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The company had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.29 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BJ shares. Jefferies Financial Group raised their target price on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. TD Cowen lifted their price objective on BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. UBS Group boosted their target price on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Roth Mkm raised their price target on BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the stock a “neutral” rating in a research note on Monday. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.24.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several institutional investors and hedge funds have recently modified their holdings of the stock. Neo Ivy Capital Management bought a new stake in shares of BJ’s Wholesale Club in the third quarter worth about $828,000. Sanctuary Advisors LLC increased its stake in BJ’s Wholesale Club by 129.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock worth $3,215,000 after acquiring an additional 21,957 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of BJ’s Wholesale Club by 3.5% during the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after acquiring an additional 217,385 shares in the last quarter. Oak Harvest Investment Services purchased a new stake in shares of BJ’s Wholesale Club during the 4th quarter worth approximately $670,000. Finally, Navellier & Associates Inc. purchased a new position in shares of BJ’s Wholesale Club in the fourth quarter valued at $223,000. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

The stock has a market capitalization of $14.80 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. The business’s fifty day moving average is $98.53 and its two-hundred day moving average is $91.28. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23.

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.