BJ’s Wholesale Club (NYSE:BJ) Sets New 52-Week High Following Analyst Upgrade

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)’s share price reached a new 52-week high during trading on Friday after UBS Group raised their price target on the stock from $102.00 to $108.00. UBS Group currently has a buy rating on the stock. BJ’s Wholesale Club traded as high as $96.29 and last traded at $96.24, with a volume of 145996 shares changing hands. The stock had previously closed at $92.79.

A number of other research analysts have also issued reports on BJ. Wells Fargo & Company raised their target price on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Morgan Stanley boosted their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday. Melius Research assumed coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price for the company. Roth Mkm boosted their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Finally, Bank of America reduced their target price on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $92.50.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the transaction, the senior vice president now owns 13,566 shares of the company’s stock, valued at $1,133,710.62. The trade was a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the transaction, the chief executive officer now owns 423,792 shares of the company’s stock, valued at approximately $36,221,502.24. This represents a 2.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock worth $2,818,390 over the last quarter. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BJ’s Wholesale Club

A number of institutional investors have recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co raised its position in shares of BJ’s Wholesale Club by 1.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 98,280 shares of the company’s stock worth $7,435,000 after acquiring an additional 1,794 shares during the last quarter. LRI Investments LLC purchased a new position in BJ’s Wholesale Club during the 1st quarter worth $140,000. Mount Yale Investment Advisors LLC grew its stake in BJ’s Wholesale Club by 95.2% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 7,960 shares of the company’s stock valued at $602,000 after buying an additional 3,883 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of BJ’s Wholesale Club in the first quarter worth $908,000. Finally, Janus Henderson Group PLC raised its stake in shares of BJ’s Wholesale Club by 1.3% during the 1st quarter. Janus Henderson Group PLC now owns 149,306 shares of the company’s stock valued at $11,293,000 after purchasing an additional 1,955 shares during the period. 98.60% of the stock is owned by institutional investors.

BJ’s Wholesale Club Price Performance

The firm has a market cap of $12.83 billion, a PE ratio of 24.43, a PEG ratio of 4.19 and a beta of 0.24. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average of $85.83 and a 200-day moving average of $85.34.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. During the same period in the prior year, the company earned $0.97 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.84 earnings per share for the current year.

About BJ’s Wholesale Club

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.