BJ’s Wholesale Club (NYSE:BJ) Stock Price Expected to Rise, UBS Group Analyst Says

BJ’s Wholesale Club (NYSE:BJ) had its price objective upped by UBS Group from $102.00 to $108.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

BJ has been the topic of several other reports. Roth Mkm lifted their price target on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. TD Cowen boosted their price target on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $76.00 to $78.00 in a report on Monday, August 26th. Melius Research initiated coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price for the company. Finally, Morgan Stanley upped their price target on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $93.25.

BJ’s Wholesale Club Trading Up 1.6 %

BJ opened at $98.33 on Friday. The firm’s fifty day simple moving average is $86.18 and its 200 day simple moving average is $85.61. The stock has a market capitalization of $13.04 billion, a P/E ratio of 23.64, a P/E/G ratio of 4.54 and a beta of 0.24. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club has a 12 month low of $63.73 and a 12 month high of $99.91.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total transaction of $921,250.00. Following the sale, the chief executive officer now directly owns 434,792 shares of the company’s stock, valued at $36,413,830. This represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 33,000 shares of company stock valued at $2,734,820. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several hedge funds have recently made changes to their positions in BJ. CIBC Asset Management Inc grew its stake in BJ’s Wholesale Club by 3.3% during the third quarter. CIBC Asset Management Inc now owns 3,906 shares of the company’s stock valued at $322,000 after acquiring an additional 123 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of BJ’s Wholesale Club by 9.3% in the second quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock worth $128,000 after purchasing an additional 124 shares during the period. CWM LLC grew its position in BJ’s Wholesale Club by 7.4% during the second quarter. CWM LLC now owns 1,863 shares of the company’s stock worth $164,000 after buying an additional 128 shares in the last quarter. OLD National Bancorp IN increased its stake in BJ’s Wholesale Club by 2.5% in the 3rd quarter. OLD National Bancorp IN now owns 5,438 shares of the company’s stock worth $449,000 after acquiring an additional 133 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of BJ’s Wholesale Club by 5.2% during the third quarter. Integrated Wealth Concepts LLC now owns 2,710 shares of the company’s stock worth $224,000 after purchasing an additional 133 shares in the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

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.