Loop Capital Issues Positive Forecast for BJ’s Wholesale Club (NYSE:BJ) Stock Price

BJ’s Wholesale Club (NYSE:BJ) had its target price increased by investment analysts at Loop Capital from $95.00 to $110.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Loop Capital’s price target would suggest a potential downside of 5.05% from the stock’s current price.

A number of other research firms have also commented on BJ. Morgan Stanley raised their price target on BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. boosted their price target on BJ’s Wholesale Club from $87.00 to $101.00 and gave the stock a “neutral” rating in a research report on Monday. Roth Mkm lifted their target price on BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. Wells Fargo & Company boosted their price objective on BJ’s Wholesale Club from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Finally, Citigroup boosted their price objective on shares of BJ’s Wholesale Club from $101.00 to $115.00 and gave the company a “neutral” rating in a report on Friday. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and a consensus target price of $102.59.

BJ’s Wholesale Club Price Performance

NYSE:BJ traded up $3.52 on Friday, reaching $115.85. The stock had a trading volume of 3,676,987 shares, compared to its average volume of 1,715,782. The company has a market capitalization of $15.30 billion, a P/E ratio of 27.85, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club has a 1-year low of $71.81 and a 1-year high of $116.00. The stock has a fifty day moving average price of $98.53 and a 200-day moving average price of $91.28.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. The business had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.29 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. Research analysts forecast that BJ’s Wholesale Club will post 3.96 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BJ. Covestor Ltd increased its position in BJ’s Wholesale Club by 66.5% during the 4th quarter. Covestor Ltd now owns 288 shares of the company’s stock valued at $26,000 after purchasing an additional 115 shares during the period. Brown Brothers Harriman & Co. increased its position in shares of BJ’s Wholesale Club by 652.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company’s stock valued at $47,000 after buying an additional 457 shares during the period. Tortoise Investment Management LLC raised its stake in BJ’s Wholesale Club by 78.7% in the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock worth $47,000 after buying an additional 233 shares in the last quarter. UMB Bank n.a. lifted its holdings in BJ’s Wholesale Club by 68.2% in the fourth quarter. UMB Bank n.a. now owns 624 shares of the company’s stock worth $56,000 after buying an additional 253 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in BJ’s Wholesale Club during the 3rd quarter valued at approximately $55,000. Institutional investors own 98.60% of the company’s stock.

About BJ’s Wholesale Club

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.