BJ’s Wholesale Club (NYSE:BJ) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

BJ’s Wholesale Club (NYSE:BJ) had its price objective hoisted by equities research analysts at Wells Fargo & Company from $92.00 to $100.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 12.41% from the company’s current price.

A number of other equities analysts also recently commented on BJ. Roth Mkm upped their target price on shares of 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 started coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price objective on the stock. Bank of America reduced their target price on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $87.87.

BJ’s Wholesale Club Stock Down 0.7 %

BJ’s Wholesale Club stock opened at $88.96 on Tuesday. BJ’s Wholesale Club has a fifty-two week low of $63.08 and a fifty-two week high of $92.37. 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 firm’s 50-day simple moving average is $84.02 and its 200 day simple moving average is $84.63. The stock has a market cap of $11.80 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 3.35 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. During the same period last year, the company earned $0.97 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Research analysts predict that BJ’s Wholesale Club will post 3.82 EPS for the current fiscal year.

Insider Transactions at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the transaction, the chief executive officer now owns 423,792 shares in the company, valued at $36,221,502.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Friday, November 1st. The shares were sold at an average price of $85.47, for a total value of $940,170.00. Following the transaction, the chief executive officer now directly owns 423,792 shares of the company’s stock, valued at $36,221,502.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,000 shares of company stock valued at $2,818,390. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC increased its holdings in BJ’s Wholesale Club by 158.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock valued at $368,044,000 after buying an additional 2,571,709 shares during the period. Marshall Wace LLP increased its position in shares of BJ’s Wholesale Club by 143.6% during the second quarter. Marshall Wace LLP now owns 848,000 shares of the company’s stock valued at $74,488,000 after acquiring an additional 499,954 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in BJ’s Wholesale Club by 201.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company’s stock valued at $51,966,000 after purchasing an additional 395,573 shares in the last quarter. Jennison Associates LLC raised its stake in BJ’s Wholesale Club by 280.5% during the 3rd quarter. Jennison Associates LLC now owns 533,336 shares of the company’s stock worth $43,990,000 after acquiring an additional 393,181 shares in the last quarter. Finally, Raymond James & Associates increased its stake in BJ’s Wholesale Club by 99.9% in the 2nd quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock valued at $67,151,000 after buying an additional 382,114 shares during the period. 98.60% of the stock is 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.