BJ’s Wholesale Club (NYSE:BJ) Given New $121.00 Price Target at The Goldman Sachs Group

BJ’s Wholesale Club (NYSE:BJ) had its price target hoisted by The Goldman Sachs Group from $102.00 to $121.00 in a research report report published on Monday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the company. Loop Capital lifted their price objective on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a research note on Friday. Morgan Stanley raised their price objective on BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday. Barclays boosted their target price on BJ’s Wholesale Club from $80.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday. Wells Fargo & Company reaffirmed an “overweight” rating on shares of BJ’s Wholesale Club in a research report on Friday. Finally, Robert W. Baird boosted their price objective on BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.71.

BJ’s Wholesale Club Stock Down 0.1 %

BJ’s Wholesale Club stock opened at $115.44 on Monday. 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 has a fifty-two week low of $71.81 and a fifty-two week high of $118.40. The firm has a fifty day moving average price of $99.86 and a two-hundred day moving average price of $91.93. The firm has a market cap of $15.25 billion, a price-to-earnings ratio of 27.75, a P/E/G ratio of 4.50 and a beta of 0.28.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data 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 company had revenue of $5.28 billion for 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 earnings per share for the current year.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several large investors have recently made changes to their positions in BJ. QRG Capital Management Inc. lifted its stake in BJ’s Wholesale Club by 16.3% in the third quarter. QRG Capital Management Inc. now owns 4,136 shares of the company’s stock valued at $341,000 after acquiring an additional 579 shares during the last quarter. Assetmark Inc. lifted its stake in BJ’s Wholesale Club by 5.6% in the 3rd quarter. Assetmark Inc. now owns 2,582 shares of the company’s stock valued at $213,000 after purchasing an additional 137 shares during the last quarter. Atria Investments Inc grew its holdings in BJ’s Wholesale Club by 3.0% during the third quarter. Atria Investments Inc now owns 35,371 shares of the company’s stock worth $2,917,000 after purchasing an additional 1,022 shares during the period. Crossmark Global Holdings Inc. increased its position in BJ’s Wholesale Club by 10.0% during the third quarter. Crossmark Global Holdings Inc. now owns 9,493 shares of the company’s stock worth $783,000 after buying an additional 860 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in BJ’s Wholesale Club by 71.1% in the third quarter. Venturi Wealth Management LLC now owns 2,851 shares of the company’s stock valued at $235,000 after buying an additional 1,185 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

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.