BJ’s Wholesale Club (NYSE:BJ) Price Target Raised to $87.00

BJ’s Wholesale Club (NYSE:BJ) had its price objective raised by Roth Mkm from $75.00 to $87.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

BJ has been the topic of several other reports. Wells Fargo & Company lifted their target price on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Melius Research initiated coverage on shares of BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective on the stock. Jefferies Financial Group increased their target price on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Bank of America lowered their price target on 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. Finally, Morgan Stanley increased their price objective on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $93.25.

BJ’s Wholesale Club Trading Down 0.3 %

Shares of BJ opened at $96.77 on Monday. The business’s 50-day moving average price is $86.53 and its 200 day moving average price is $85.75. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $12.83 billion, a P/E ratio of 23.27, a P/E/G ratio of 4.63 and a beta of 0.24. BJ’s Wholesale Club has a 1-year low of $63.73 and a 1-year high of $99.91.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the transaction, the chief executive officer now directly owns 423,792 shares in the company, valued at $36,221,502.24. This trade represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 33,000 shares of company stock worth $2,734,820 over the last ninety days. 2.00% of the stock is currently owned by insiders.

Institutional Trading of BJ’s Wholesale Club

Large investors have recently made changes to their positions in the stock. Creative Planning grew its stake in 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 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 worth $67,151,000 after purchasing an additional 382,114 shares during the period. Victory Capital Management Inc. lifted its position in shares of BJ’s Wholesale Club by 3.5% during the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after purchasing an additional 217,385 shares during the last quarter. Tidal Investments LLC boosted its stake in BJ’s Wholesale Club by 96.8% during the 1st quarter. Tidal Investments LLC now owns 19,840 shares of the company’s stock valued at $1,501,000 after purchasing an additional 9,759 shares during the period. Finally, LVW Advisors LLC acquired a new stake in BJ’s Wholesale Club in the 2nd quarter valued at approximately $589,000. Institutional investors own 98.60% of the company’s stock.

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.