Wells Fargo & Company Boosts BJ’s Wholesale Club (NYSE:BJ) Price Target to $115.00

BJ’s Wholesale Club (NYSE:BJ) had its target price lifted by Wells Fargo & Company from $100.00 to $115.00 in a report issued on Monday,Benzinga reports. They currently have an overweight rating on the stock.

BJ has been the subject of several other reports. Citigroup increased their price objective on BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Morgan Stanley upped their target price on BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. UBS Group upped their target price on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, November 22nd. TD Cowen upped their target price 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. Finally, Jefferies Financial Group upped their target price on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and a consensus price target of $94.88.

BJ’s Wholesale Club Stock Down 0.3 %

NYSE BJ opened at $106.69 on Monday. The business has a fifty day moving average price of $96.41 and a 200 day moving average price of $89.46. BJ’s Wholesale Club has a one year low of $66.96 and a one year high of $107.61. 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 company has a market cap of $14.09 billion, a P/E ratio of 25.65, a P/E/G ratio of 4.69 and a beta of 0.32.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, November 21st. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.89 by $0.29. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.12 billion. During the same period in the prior year, the company earned $0.98 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. Research analysts anticipate that BJ’s Wholesale Club will post 3.95 EPS for the current fiscal year.

Hedge Funds Weigh In On BJ’s Wholesale Club

A number of hedge funds have recently modified their holdings of the business. CWM LLC boosted its holdings in BJ’s Wholesale Club by 13.5% during the 3rd quarter. CWM LLC now owns 2,114 shares of the company’s stock valued at $174,000 after acquiring an additional 251 shares during the period. UMB Bank n.a. boosted its holdings in BJ’s Wholesale Club by 375.6% during the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after acquiring an additional 293 shares during the period. Exchange Traded Concepts LLC boosted its holdings in BJ’s Wholesale Club by 4.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 9,495 shares of the company’s stock valued at $783,000 after acquiring an additional 392 shares during the period. Creative Planning boosted its holdings in BJ’s Wholesale Club by 37.4% during the 3rd quarter. Creative Planning now owns 12,771 shares of the company’s stock valued at $1,053,000 after acquiring an additional 3,473 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in BJ’s Wholesale Club during the 3rd quarter valued at about $282,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

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.