Morgan Stanley Increases BJ’s Wholesale Club (NYSE:BJ) Price Target to $115.00

BJ’s Wholesale Club (NYSE:BJ) had its target price lifted by equities researchers at Morgan Stanley from $98.00 to $115.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective suggests a potential downside of 0.73% from the company’s previous close.

Several other research analysts have also commented on the company. Jefferies Financial Group lifted their price target on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. lifted their price target on BJ’s Wholesale Club from $87.00 to $101.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. TD Cowen raised their price objective on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. UBS Group raised their price objective on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Robert W. Baird lifted their price target 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. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $104.65.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock opened at $115.85 on Friday. BJ’s Wholesale Club has a one year low of $71.81 and a one year high of $116.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The stock has a market cap of $15.30 billion, a P/E ratio of 27.85, a P/E/G ratio of 4.50 and a beta of 0.28. The stock’s fifty day moving average is $99.35 and its 200 day moving average is $91.66.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The firm had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.29 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. Sell-side analysts anticipate that BJ’s Wholesale Club will post 3.96 earnings per share for the current year.

Institutional Trading of BJ’s Wholesale Club

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Covestor Ltd increased its holdings in BJ’s Wholesale Club by 66.5% in the 4th quarter. Covestor Ltd now owns 288 shares of the company’s stock valued at $26,000 after purchasing an additional 115 shares during the last quarter. Tortoise Investment Management LLC boosted its position in BJ’s Wholesale Club by 78.7% in the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock valued at $47,000 after buying an additional 233 shares during the period. Brown Brothers Harriman & Co. boosted its position in BJ’s Wholesale Club by 652.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company’s stock valued at $47,000 after buying an additional 457 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of BJ’s Wholesale Club during the 3rd quarter worth $55,000. Finally, UMB Bank n.a. lifted its position in shares of BJ’s Wholesale Club by 68.2% during the 4th quarter. UMB Bank n.a. now owns 624 shares of the company’s stock worth $56,000 after purchasing an additional 253 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Company Profile

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.