BJ’s Wholesale Club Sees Unusually High Options Volume (NYSE:BJ)

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) saw some unusual options trading activity on Friday. Stock traders purchased 3,079 put options on the company. This represents an increase of approximately 87% compared to the typical daily volume of 1,647 put options.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $115.85 on Friday. BJ’s Wholesale Club has a 1 year low of $71.81 and a 1 year high of $116.00. 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 firm has a market cap of $15.30 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 4.50 and a beta of 0.28. The company has a fifty day moving average price of $98.88 and a 200-day moving average price of $91.43.

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

Institutional Trading of BJ’s Wholesale Club

Several institutional investors have recently made changes to their positions in the company. FMR LLC grew its stake in shares of BJ’s Wholesale Club by 7.2% in the 3rd quarter. FMR LLC now owns 14,357,118 shares of the company’s stock worth $1,184,175,000 after acquiring an additional 966,528 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of BJ’s Wholesale Club by 3.5% in the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after buying an additional 217,385 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of BJ’s Wholesale Club by 10.6% in the 4th quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company’s stock worth $470,775,000 after buying an additional 504,958 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of BJ’s Wholesale Club by 1.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company’s stock worth $387,009,000 after buying an additional 43,106 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of BJ’s Wholesale Club by 1.1% in the 3rd quarter. State Street Corp now owns 4,045,590 shares of the company’s stock worth $333,680,000 after buying an additional 45,288 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

Wall Street Analysts Forecast Growth

BJ has been the topic of a number of research reports. Roth Mkm boosted their target price on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Citigroup boosted their target price on shares of BJ’s Wholesale Club from $101.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday. Morgan Stanley boosted their target price on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday. Jefferies Financial Group boosted 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 report on Thursday, November 21st. Finally, TD Cowen boosted their target price on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and a consensus price target of $104.65.

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.