Barclays Issues Positive Forecast for BJ’s Wholesale Club (NYSE:BJ) Stock Price

BJ’s Wholesale Club (NYSE:BJ) had its target price increased by Barclays from $80.00 to $115.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other brokerages also recently issued reports on BJ. Morgan Stanley lifted their price target on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. upped their price objective on BJ’s Wholesale Club from $87.00 to $101.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Wells Fargo & Company increased their target price on BJ’s Wholesale Club from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Citigroup boosted their price target on shares of BJ’s Wholesale Club from $101.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, UBS Group lifted their price objective on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.71.

BJ’s Wholesale Club Price Performance

NYSE:BJ opened at $115.44 on Monday. The business’s 50-day simple moving average is $99.86 and its two-hundred day simple moving average is $91.93. BJ’s Wholesale Club has a 52 week low of $71.81 and a 52 week high of $118.40. The stock has a market cap of $15.25 billion, a PE ratio of 27.75, a P/E/G ratio of 4.50 and a beta of 0.28. 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 (NYSE:BJ) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.07. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. As a group, analysts forecast that BJ’s Wholesale Club will post 3.96 EPS for the current fiscal year.

Institutional Trading of BJ’s Wholesale Club

Institutional investors have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. increased its holdings in shares of BJ’s Wholesale Club by 0.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company’s stock valued at $1,787,000 after acquiring an additional 105 shares in the last quarter. Lifestyle Asset Management Inc. increased its holdings in BJ’s Wholesale Club by 0.8% in the 4th quarter. Lifestyle Asset Management Inc. now owns 13,329 shares of the company’s stock worth $1,191,000 after buying an additional 108 shares during the period. Gateway Investment Advisers LLC raised its position in BJ’s Wholesale Club by 0.7% during the 4th quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company’s stock worth $1,353,000 after buying an additional 111 shares during the last quarter. Covestor Ltd lifted its stake in BJ’s Wholesale Club by 66.5% during the 4th quarter. Covestor Ltd now owns 288 shares of the company’s stock valued at $26,000 after acquiring an additional 115 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in shares of BJ’s Wholesale Club by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 3,906 shares of the company’s stock valued at $322,000 after acquiring an additional 123 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 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.