BJ’s Wholesale Club (NYSE:BJ) Price Target Raised to $130.00

BJ’s Wholesale Club (NYSE:BJ) had its target price hoisted by UBS Group from $108.00 to $130.00 in a report issued on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other research analysts have also commented on BJ. Citigroup increased their price objective on BJ’s Wholesale Club from $101.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. increased their price objective on BJ’s Wholesale Club from $87.00 to $101.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. TD Cowen raised their price target on 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. Wells Fargo & Company raised their price target on BJ’s Wholesale Club from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Morgan Stanley raised their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and a consensus target price of $104.65.

BJ’s Wholesale Club Stock Up 3.1 %

Shares of BJ opened at $115.85 on Friday. The firm has a market capitalization of $15.30 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 4.50 and a beta of 0.28. 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 business’s fifty day moving average price is $99.35 and its two-hundred day moving average price is $91.69. BJ’s Wholesale Club has a 52 week low of $71.81 and a 52 week high of $116.00.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The firm had revenue of $5.28 billion for 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%. On average, analysts predict that BJ’s Wholesale Club will post 3.96 earnings per share for the current year.

Institutional Trading of BJ’s Wholesale Club

Hedge funds and other institutional investors have recently modified their holdings of the company. Covestor Ltd raised its stake in shares of 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 period. Brown Brothers Harriman & Co. raised its stake in shares of 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 purchasing an additional 457 shares during the period. Tortoise Investment Management LLC raised its stake in shares of 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 purchasing an additional 233 shares during the period. UMB Bank n.a. raised its stake in shares of BJ’s Wholesale Club by 68.2% in the 4th quarter. UMB Bank n.a. now owns 624 shares of the company’s stock valued at $56,000 after purchasing an additional 253 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of BJ’s Wholesale Club in the 3rd quarter valued at about $55,000. 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.