BJ’s Wholesale Club (NYSE:BJ) Price Target Cut to $78.00

BJ’s Wholesale Club (NYSE:BJ) had its price target decreased by investment analysts at Evercore ISI from $79.00 to $78.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s target price would suggest a potential upside of 3.61% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. increased their price target on BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an “underweight” rating in a research note on Friday, March 1st. The Goldman Sachs Group upgraded BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and increased their price target for the company from $81.00 to $87.00 in a research note on Monday, April 8th. Gordon Haskett cut BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research note on Wednesday, February 7th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $70.00 price target (down previously from $73.00) on shares of BJ’s Wholesale Club in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $74.40.

BJ’s Wholesale Club Trading Down 1.3 %

Shares of BJ’s Wholesale Club stock opened at $75.28 on Tuesday. BJ’s Wholesale Club has a 12-month low of $60.33 and a 12-month high of $80.42. The stock has a market cap of $10.01 billion, a P/E ratio of 19.45, a P/E/G ratio of 3.29 and a beta of 0.26. The company has a quick ratio of 0.14, a current ratio of 0.73 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $73.65 and its 200-day moving average is $69.34.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, March 7th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. BJ’s Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.38 billion. During the same quarter in the prior year, the business posted $1.00 EPS. The business’s revenue was up 8.7% compared to the same quarter last year. Equities research analysts predict that BJ’s Wholesale Club will post 3.91 earnings per share for the current fiscal year.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $76.70, for a total value of $843,700.00. Following the transaction, the chief executive officer now directly owns 500,792 shares of the company’s stock, valued at approximately $38,410,746.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $76.70, for a total transaction of $843,700.00. Following the sale, the chief executive officer now directly owns 500,792 shares of the company’s stock, valued at approximately $38,410,746.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Monica Schwartz sold 13,578 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $78.81, for a total value of $1,070,082.18. Following the sale, the executive vice president now directly owns 13,545 shares in the company, valued at $1,067,481.45. The disclosure for this sale can be found here. Insiders have sold a total of 98,840 shares of company stock valued at $7,408,605 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Institutional Trading of BJ’s Wholesale Club

Several large investors have recently modified their holdings of the stock. Park Avenue Securities LLC grew its holdings in shares of BJ’s Wholesale Club by 3.3% during the 1st quarter. Park Avenue Securities LLC now owns 12,721 shares of the company’s stock worth $962,000 after purchasing an additional 404 shares in the last quarter. Yarbrough Capital LLC grew its holdings in shares of BJ’s Wholesale Club by 113.0% during the 1st quarter. Yarbrough Capital LLC now owns 10,239 shares of the company’s stock worth $775,000 after purchasing an additional 5,431 shares in the last quarter. Fulton Bank N.A. acquired a new stake in BJ’s Wholesale Club in the first quarter valued at about $281,000. Clearview Wealth Advisors LLC acquired a new stake in BJ’s Wholesale Club in the first quarter valued at about $347,000. Finally, Rise Advisors LLC acquired a new stake in BJ’s Wholesale Club in the first quarter valued at about $26,000. 98.60% of the stock is owned by institutional investors and hedge funds.

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.