DA Davidson Forecasts Strong Price Appreciation for BJ’s Wholesale Club (NYSE:BJ) Stock

BJ’s Wholesale Club (NYSE:BJ) had its price target upped by equities research analysts at DA Davidson from $123.00 to $130.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s target price would indicate a potential upside of 12.21% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on BJ. Wells Fargo & Company upped their price target on BJ’s Wholesale Club from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. upped their target price on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the stock a “neutral” rating in a research report on Monday. Citigroup raised their target price on shares of BJ’s Wholesale Club from $101.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday. Morgan Stanley boosted their target price on BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, TD Cowen increased their target price on 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. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.65.

BJ’s Wholesale Club Trading Up 3.1 %

NYSE:BJ traded up $3.52 during trading hours on Friday, hitting $115.85. The company had a trading volume of 3,677,086 shares, compared to its average volume of 1,737,650. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The stock has a 50-day moving average price of $98.88 and a 200 day moving average price of $91.43. The company has a market capitalization of $15.30 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. 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 released its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. The company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. On average, equities research analysts predict that BJ’s Wholesale Club will post 3.96 EPS for the current fiscal year.

Institutional Investors Weigh In On BJ’s Wholesale Club

A number of large investors have recently made changes to their positions in BJ. Neo Ivy Capital Management purchased a new stake in shares of BJ’s Wholesale Club in the 3rd quarter worth $828,000. Sanctuary Advisors LLC boosted its position in shares of BJ’s Wholesale Club by 129.0% in the third quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock worth $3,215,000 after purchasing an additional 21,957 shares during the period. Victory Capital Management Inc. boosted its position in shares of BJ’s Wholesale Club by 3.5% in the third 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 period. Oak Harvest Investment Services purchased a new stake in shares of BJ’s Wholesale Club in the fourth quarter worth $670,000. Finally, Navellier & Associates Inc. bought a new stake in shares of BJ’s Wholesale Club during the 4th quarter valued at $223,000. 98.60% of the stock is currently owned by institutional investors.

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.