BJ’s Wholesale Club (NYSE:BJ) Reaches New 1-Year High – Here’s What Happened

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)’s share price reached a new 52-week high on Wednesday . The company traded as high as $100.74 and last traded at $99.30, with a volume of 315566 shares trading hands. The stock had previously closed at $97.93.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group raised their target price on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $76.00 to $78.00 in a research report on Monday, August 26th. TD Cowen lifted their price objective on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Bank of America decreased their price objective 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, Jefferies Financial Group lifted their price objective on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.25.

BJ’s Wholesale Club Stock Up 1.8 %

The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The firm’s 50 day simple moving average is $89.42 and its two-hundred day simple moving average is $86.86. The firm has a market cap of $13.17 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 4.50 and a beta of 0.29.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.29. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.12 billion. During the same quarter in the previous year, the company earned $0.98 EPS. The business’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current year.

Insider Activity

In other news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total value of $921,250.00. Following the completion of the transaction, the chief executive officer now directly owns 434,792 shares in the company, valued at approximately $36,413,830. The trade was a 2.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers grew its holdings in shares of BJ’s Wholesale Club by 183.3% during the 1st quarter. Cetera Investment Advisers now owns 24,442 shares of the company’s stock valued at $1,849,000 after purchasing an additional 15,813 shares during the last quarter. Cetera Advisors LLC bought a new stake in shares of BJ’s Wholesale Club during the 1st quarter valued at approximately $378,000. CWM LLC grew its holdings in shares of BJ’s Wholesale Club by 7.4% during 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 last quarter. SG Americas Securities LLC bought a new stake in shares of BJ’s Wholesale Club during the 2nd quarter valued at approximately $397,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of BJ’s Wholesale Club during the 2nd quarter valued at approximately $233,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Company Profile

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.