BJ’s Wholesale Club (NYSE:BJ) Sets New 52-Week High – Here’s Why

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $101.44 and last traded at $101.60, with a volume of 320168 shares traded. The stock had previously closed at $99.62.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. TD Cowen lifted their price objective on BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, December 12th. UBS Group lifted their price target on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Citigroup upped their price target on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Wells Fargo & Company raised their price objective on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Finally, Morgan Stanley upped their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $94.00.

BJ’s Wholesale Club Trading Up 3.2 %

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The firm has a market cap of $13.58 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 4.66 and a beta of 0.32. The business has a fifty day simple moving average of $95.17 and a 200-day simple moving average of $88.67.

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

Institutional Investors Weigh In On BJ’s Wholesale Club

A number of hedge funds have recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd lifted its position in shares of BJ’s Wholesale Club by 33.3% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 8,371 shares of the company’s stock valued at $748,000 after acquiring an additional 2,092 shares during the period. Union Bancaire Privee UBP SA bought a new stake in BJ’s Wholesale Club in the fourth quarter valued at $2,049,000. Navellier & Associates Inc. acquired a new position in shares of BJ’s Wholesale Club during the fourth quarter valued at about $223,000. Paradigm Asset Management Co. LLC boosted its position in shares of BJ’s Wholesale Club by 338.1% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 9,200 shares of the company’s stock worth $822,000 after purchasing an additional 7,100 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. acquired a new stake in shares of BJ’s Wholesale Club in the 4th quarter valued at about $938,000. 98.60% of the stock is currently owned by 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.