BJ’s Wholesale Club (NYSE:BJ) Hits New 12-Month High After Analyst Upgrade

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)’s stock price reached a new 52-week high during trading on Monday after Wells Fargo & Company raised their price target on the stock from $100.00 to $115.00. Wells Fargo & Company currently has an overweight rating on the stock. BJ’s Wholesale Club traded as high as $106.03 and last traded at $105.63, with a volume of 348695 shares trading hands. The stock had previously closed at $104.43.

Other research analysts also recently issued reports about the company. UBS Group boosted their target price on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Jefferies Financial Group increased 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, November 21st. Citigroup raised their target price on BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. TD Cowen upped their price target on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Roth Mkm raised their price objective on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.88.

Hedge Funds Weigh In On BJ’s Wholesale Club

Hedge funds have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. grew its stake in BJ’s Wholesale Club by 0.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company’s stock worth $1,787,000 after buying an additional 105 shares in the last quarter. Lifestyle Asset Management Inc. lifted its holdings in shares of BJ’s Wholesale Club by 0.8% during the 4th quarter. Lifestyle Asset Management Inc. now owns 13,329 shares of the company’s stock worth $1,191,000 after acquiring an additional 108 shares during the period. Gateway Investment Advisers LLC boosted its position in shares of BJ’s Wholesale Club by 0.7% during the 4th quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company’s stock worth $1,353,000 after acquiring an additional 111 shares in the last quarter. CIBC Asset Management Inc increased its stake in BJ’s Wholesale Club by 3.3% in the third quarter. CIBC Asset Management Inc now owns 3,906 shares of the company’s stock valued at $322,000 after acquiring an additional 123 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in BJ’s Wholesale Club by 4.6% during the fourth quarter. Venturi Wealth Management LLC now owns 2,983 shares of the company’s stock valued at $267,000 after purchasing an additional 132 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Up 1.9 %

The firm has a 50 day simple moving average of $96.01 and a two-hundred day simple moving average of $89.20. The stock has a market capitalization of $14.06 billion, a P/E ratio of 25.58, a PEG ratio of 4.69 and a beta of 0.32. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.29. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.12 billion. During the same period in the prior year, the company earned $0.98 EPS. BJ’s Wholesale Club’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities research analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

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.