BJ’s Wholesale Club (NYSE:BJ) Price Target Raised to $108.00 at UBS Group

BJ’s Wholesale Club (NYSE:BJ) had its price target boosted by investment analysts at UBS Group from $102.00 to $108.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 11.64% from the stock’s current price.

A number of other equities analysts have also commented on the company. Morgan Stanley lifted 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. Roth Mkm lifted their price objective on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Melius Research initiated coverage on BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 price objective on the stock. Bank of America cut their price objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Finally, Wells Fargo & Company lifted their price objective on BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $92.50.

BJ’s Wholesale Club Trading Up 4.3 %

Shares of NYSE:BJ traded up $3.95 during midday trading on Friday, hitting $96.74. 2,958,244 shares of the stock were exchanged, compared to its average volume of 1,499,190. The stock has a market capitalization of $12.83 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 4.19 and a beta of 0.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. The business’s 50-day moving average price is $85.52 and its 200 day moving average price is $85.20. BJ’s Wholesale Club has a 12 month low of $63.73 and a 12 month high of $97.53.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. The company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.15 billion. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 earnings per share. Analysts predict that BJ’s Wholesale Club will post 3.84 earnings per share for the current year.

Insider Activity

In related news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total transaction of $873,400.00. Following the completion of the sale, the chief executive officer now owns 445,792 shares in the company, valued at approximately $35,395,884.80. This represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the sale, the senior vice president now owns 13,566 shares of the company’s stock, valued at $1,133,710.62. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock worth $2,818,390 over the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. CIBC Asset Management Inc grew its stake in BJ’s Wholesale Club by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 3,906 shares of the company’s stock valued at $322,000 after purchasing an additional 123 shares during the period. Fifth Third Bancorp grew its stake in BJ’s Wholesale Club by 9.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock valued at $128,000 after purchasing an additional 124 shares during the period. CWM LLC grew its stake in BJ’s Wholesale Club by 7.4% in the 2nd quarter. CWM LLC now owns 1,863 shares of the company’s stock valued at $164,000 after purchasing an additional 128 shares during the period. OLD National Bancorp IN lifted its position in shares of BJ’s Wholesale Club by 2.5% during the 3rd quarter. OLD National Bancorp IN now owns 5,438 shares of the company’s stock valued at $449,000 after buying an additional 133 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in shares of BJ’s Wholesale Club by 5.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,710 shares of the company’s stock valued at $224,000 after buying an additional 133 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

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.