BJ’s Wholesale Club (NYSE:BJ) Price Target Raised to $94.00 at JPMorgan Chase & Co.

BJ’s Wholesale Club (NYSE:BJ) had its target price upped by equities researchers at JPMorgan Chase & Co. from $90.00 to $94.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 2.85% from the stock’s current price.

Several other equities research analysts have also weighed in on the company. UBS Group restated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of BJ’s Wholesale Club in a research report on Thursday, January 8th. They set a “hold” rating for the company. Robert W. Baird lowered their target price on shares of BJ’s Wholesale Club from $130.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, November 24th. TD Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Monday, November 24th. Finally, Jefferies Financial Group cut BJ’s Wholesale Club from a “buy” rating to a “hold” rating and lowered their price objective for the company from $120.00 to $90.00 in a research note on Wednesday, January 28th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, BJ’s Wholesale Club presently has a consensus rating of “Hold” and a consensus price target of $107.88.

BJ’s Wholesale Club Trading Down 0.3%

Shares of NYSE BJ traded down $0.29 during midday trading on Thursday, hitting $96.76. 1,056,932 shares of the company traded hands, compared to its average volume of 1,856,261. BJ’s Wholesale Club has a 12-month low of $86.68 and a 12-month high of $121.10. The firm has a market cap of $12.66 billion, a P/E ratio of 22.29, a P/E/G ratio of 2.56 and a beta of 0.36. The stock has a 50-day moving average price of $95.11 and a 200 day moving average price of $94.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 0.79.

Insider Activity

In other BJ’s Wholesale Club news, EVP William C. Werner sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $91.09, for a total transaction of $637,630.00. Following the completion of the sale, the executive vice president directly owned 50,498 shares of the company’s stock, valued at approximately $4,599,862.82. This represents a 12.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

Institutional investors and hedge funds have recently bought and sold shares of the stock. BOK Financial Private Wealth Inc. purchased a new position in shares of BJ’s Wholesale Club in the fourth quarter worth about $25,000. Strive Financial Group LLC purchased a new stake in shares of BJ’s Wholesale Club in the fourth quarter worth about $25,000. Parkside Financial Bank & Trust grew its holdings in BJ’s Wholesale Club by 147.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 290 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares during the period. Roxbury Financial LLC acquired a new position in BJ’s Wholesale Club in the third quarter valued at approximately $28,000. Finally, Davis Capital Management purchased a new position in shares of BJ’s Wholesale Club during the 3rd quarter valued at approximately $28,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.