BJ’s Wholesale Club (NYSE:BJ) Reaches New 1-Year High After Analyst Upgrade

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) shares reached a new 52-week high on Monday after Wells Fargo & Company raised their price target on the stock from $100.00 to $115.00. Wells Fargo & Company currently has an overweight rating on the stock. BJ’s Wholesale Club traded as high as $106.03 and last traded at $105.63, with a volume of 348695 shares traded. The stock had previously closed at $104.43.

Several other equities research analysts have also recently issued reports on BJ. TD Cowen raised their price objective on BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Morgan Stanley upped their price objective on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Roth Mkm lifted their price target on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, November 25th. UBS Group lifted their price objective on 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. Finally, Jefferies Financial Group raised their price target on shares of 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 analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.88.

Institutional Trading of BJ’s Wholesale Club

Several hedge funds and other institutional investors have recently bought and sold shares of BJ. UMB Bank n.a. boosted its holdings in shares of BJ’s Wholesale Club by 375.6% in the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after buying an additional 293 shares during the period. Reston Wealth Management LLC acquired a new stake in BJ’s Wholesale Club in the third quarter worth $41,000. Tortoise Investment Management LLC boosted its holdings in shares of BJ’s Wholesale Club by 78.7% during the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock valued at $47,000 after acquiring an additional 233 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of BJ’s Wholesale Club during the third quarter worth about $55,000. Finally, Blue Trust Inc. increased its holdings in shares of BJ’s Wholesale Club by 198.6% in the 3rd quarter. Blue Trust Inc. now owns 863 shares of the company’s stock worth $76,000 after acquiring an additional 574 shares during the period. 98.60% of the stock is owned by institutional investors.

BJ’s Wholesale Club Trading Up 1.7 %

The firm’s 50-day simple moving average is $95.79 and its 200 day simple moving average is $89.07. The stock has a market cap of $14.02 billion, a P/E ratio of 25.53, a PEG ratio of 4.69 and a beta of 0.32. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results 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 net margin of 2.71% and a return on equity of 35.41%. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.12 billion. During the same quarter last year, the company earned $0.98 EPS. BJ’s Wholesale Club’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current year.

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.