BJ’s Wholesale Club (NYSE:BJ) Price Target Raised to $105.00 at Jefferies Financial Group

BJ’s Wholesale Club (NYSE:BJ) had its target price increased by Jefferies Financial Group from $95.00 to $105.00 in a report released on Friday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. Roth Mkm lifted their price target 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. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted 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 objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Melius Research initiated coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price objective for the company. Finally, Wells Fargo & Company boosted their price objective on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Six 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $88.94.

BJ’s Wholesale Club Stock Down 0.6 %

Shares of BJ stock opened at $86.78 on Friday. The stock has a 50 day moving average of $84.98 and a 200 day moving average of $85.06. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. The stock has a market cap of $11.51 billion, a P/E ratio of 21.91, a P/E/G ratio of 3.19 and a beta of 0.24. BJ’s Wholesale Club has a twelve month low of $63.08 and a twelve month high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. The company had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.15 billion. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. BJ’s Wholesale Club’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $0.97 earnings per share. As a group, sell-side analysts expect that BJ’s Wholesale Club will post 3.83 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $83.75, for a total value of $921,250.00. Following the transaction, the chief executive officer now owns 434,792 shares of the company’s stock, valued at $36,413,830. This represents a 2.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the transaction, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,000 shares of company stock valued at $2,818,390. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several large investors have recently modified their holdings of the business. Creative Planning raised its holdings in shares of BJ’s Wholesale Club by 10.7% in the 2nd quarter. Creative Planning now owns 9,298 shares of the company’s stock valued at $817,000 after buying an additional 898 shares during the period. Raymond James & Associates raised its holdings in shares of BJ’s Wholesale Club by 99.9% in the 2nd 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. raised its holdings in shares of 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 valued at $531,118,000 after buying an additional 217,385 shares during the period. Tidal Investments LLC raised its holdings in shares of 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 period. Finally, LVW Advisors LLC purchased a new stake in shares of BJ’s Wholesale Club in the 2nd quarter valued at $589,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

About BJ’s Wholesale Club

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.