BJ’s Wholesale Club (NYSE:BJ) Price Target Lowered to $110.00 at Evercore ISI

BJ’s Wholesale Club (NYSE:BJ) had its price target decreased by Evercore ISI from $115.00 to $110.00 in a research report released on Tuesday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Several other research firms also recently weighed in on BJ. Cowen reissued a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. DA Davidson raised their price objective on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Robert W. Baird boosted their target price on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. increased their target price on BJ’s Wholesale Club from $87.00 to $101.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Finally, Citigroup lifted their price target on BJ’s Wholesale Club from $101.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.94.

BJ’s Wholesale Club Stock Up 0.8 %

NYSE BJ opened at $115.00 on Tuesday. BJ’s Wholesale Club has a 12 month low of $71.81 and a 12 month high of $118.40. The company has a market capitalization of $15.14 billion, a P/E ratio of 27.64, a PEG ratio of 4.50 and a beta of 0.28. The company’s 50 day simple moving average is $105.68 and its 200 day simple moving average is $95.40. 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 posted its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. The company had revenue of $5.28 billion for 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%. Equities research analysts expect that BJ’s Wholesale Club will post 3.96 earnings per share for the current fiscal year.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP William C. Werner sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total value of $2,208,200.00. Following the completion of the sale, the executive vice president now owns 31,308 shares of the company’s stock, valued at $3,456,716.28. The trade was a 38.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Allan Steele sold 11,813 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the transaction, the director now directly owns 24,351 shares in the company, valued at approximately $2,619,924.09. This represents a 32.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. grew its stake in 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 valued at $470,775,000 after buying an additional 504,958 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in BJ’s Wholesale Club by 1.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company’s stock valued at $387,009,000 after purchasing an additional 43,106 shares during the period. State Street Corp grew its holdings in 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 valued at $333,680,000 after buying an additional 45,288 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of BJ’s Wholesale Club by 2.9% during the fourth quarter. JPMorgan Chase & Co. now owns 2,571,996 shares of the company’s stock worth $229,808,000 after buying an additional 73,322 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of BJ’s Wholesale Club by 4.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,486,903 shares of the company’s stock worth $222,205,000 after buying an additional 99,311 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.