BJ’s Wholesale Club (NYSE:BJ) Stock Price Expected to Rise, UBS Group Analyst Says

BJ’s Wholesale Club (NYSE:BJ) had its price target raised by UBS Group from $102.00 to $108.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential upside of 11.64% from the stock’s current price.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Roth Mkm raised their price objective on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Jefferies Financial Group boosted their target price on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday. TD Cowen raised their price target on BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “buy” rating in a report on Friday. Finally, Bank of America decreased their price objective on shares of 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 analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, BJ’s Wholesale Club has an average rating of “Moderate Buy” and a consensus price target of $92.50.

BJ’s Wholesale Club Stock Up 4.3 %

BJ’s Wholesale Club stock opened at $96.74 on Friday. BJ’s Wholesale Club has a twelve month low of $63.73 and a twelve month high of $97.53. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average of $85.83 and a 200-day moving average of $85.40. The stock has a market capitalization of $12.83 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 4.43 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. BJ’s Wholesale Club’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts anticipate that BJ’s Wholesale Club will post 3.9 EPS for the current fiscal year.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the completion of the sale, the chief executive officer now owns 445,792 shares of the company’s stock, valued at approximately $35,395,884.80. This represents a 2.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,000 shares of company stock valued at $2,818,390 in the last three months. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning grew its position in BJ’s Wholesale Club by 10.7% during the 2nd quarter. Creative Planning now owns 9,298 shares of the company’s stock worth $817,000 after acquiring an additional 898 shares during the last quarter. Raymond James & Associates increased its stake in shares of BJ’s Wholesale Club by 99.9% in the second quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock valued at $67,151,000 after buying an additional 382,114 shares during the period. Victory Capital Management Inc. increased its stake in shares of BJ’s Wholesale Club by 3.5% in the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock valued at $531,118,000 after buying an additional 217,385 shares during the period. Tidal Investments LLC raised its holdings in BJ’s Wholesale Club by 96.8% in the 1st quarter. Tidal Investments LLC now owns 19,840 shares of the company’s stock valued at $1,501,000 after buying an additional 9,759 shares during the last quarter. Finally, LVW Advisors LLC acquired a new stake in BJ’s Wholesale Club during the 2nd quarter worth approximately $589,000. 98.60% of the stock is owned by institutional investors.

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.