TD Cowen Boosts BJ’s Wholesale Club (NYSE:BJ) Price Target to $110.00

BJ’s Wholesale Club (NYSE:BJ) had its target price hoisted by TD Cowen from $95.00 to $110.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 13.71% from the stock’s previous close.

Several other equities analysts have also commented on BJ. Wells Fargo & Company upped their target price on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Jefferies Financial Group raised their target price on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Bank of America cut their price target 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. Finally, Melius Research began coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.50.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock opened at $96.74 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.15. BJ’s Wholesale Club has a 12 month low of $63.73 and a 12 month high of $97.53. The company has a fifty day moving average price of $85.83 and a two-hundred day moving average price of $85.40. The company has a market cap of $12.83 billion, a PE ratio of 23.25, a P/E/G ratio of 4.43 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.00 by $0.09. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 EPS. Research analysts expect that BJ’s Wholesale Club will post 3.9 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total transaction of $921,250.00. Following the sale, the chief executive officer now owns 434,792 shares in the company, valued at $36,413,830. The trade was a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the transaction, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at $1,133,710.62. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,000 shares of company stock worth $2,818,390. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

A number of hedge funds have recently modified their holdings of the business. FMR LLC raised its position in BJ’s Wholesale Club by 7.2% during the third quarter. FMR LLC now owns 14,357,118 shares of the company’s stock valued at $1,184,175,000 after buying an additional 966,528 shares during the period. Victory Capital Management Inc. lifted its position in 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 in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of BJ’s Wholesale Club by 158.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock valued at $368,044,000 after buying an additional 2,571,709 shares during the period. State Street Corp boosted its stake in shares of BJ’s Wholesale Club by 1.1% during 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 period. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of BJ’s Wholesale Club by 60.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock valued at $196,929,000 after acquiring an additional 896,263 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Company Profile

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.