BJ’s Wholesale Club (NYSE:BJ) Price Target Lowered to $129.00 at UBS Group

BJ’s Wholesale Club (NYSE:BJ) had its price target cut by equities researchers at UBS Group from $130.00 to $129.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s target price suggests a potential upside of 10.58% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Wells Fargo & Company reaffirmed an “overweight” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. Robert W. Baird lifted their target price on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Evercore ISI dropped their price target on shares of BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 1st. Barclays increased their price target on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Finally, The Goldman Sachs Group lifted their price objective on BJ’s Wholesale Club from $102.00 to $121.00 and gave the company a “buy” rating in a report on Monday, March 10th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and an average price target of $112.06.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ opened at $116.65 on Friday. BJ’s Wholesale Club has a one year low of $76.33 and a one year high of $121.10. The stock has a market capitalization of $15.36 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 4.50 and a beta of 0.59. The company has a 50-day simple moving average of $113.95 and a 200-day simple moving average of $102.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. On average, analysts predict that BJ’s Wholesale Club will post 3.96 EPS for the current year.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total transaction of $251,454.00. Following the completion of the transaction, the senior vice president now directly owns 14,240 shares in the company, valued at approximately $1,705,097.60. This trade represents a 12.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert W. Eddy sold 280,400 shares of BJ’s Wholesale Club stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the transaction, the chief executive officer now owns 422,033 shares of the company’s stock, valued at approximately $48,242,592.23. The trade was a 39.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 328,505 shares of company stock valued at $37,452,686 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On BJ’s Wholesale Club

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dean Capital Management raised its holdings in shares of BJ’s Wholesale Club by 2.2% in the first quarter. Dean Capital Management now owns 19,266 shares of the company’s stock worth $2,198,000 after acquiring an additional 421 shares during the last quarter. United Services Automobile Association purchased a new stake in BJ’s Wholesale Club during the 1st quarter worth about $951,000. Sciencast Management LP purchased a new stake in BJ’s Wholesale Club during the 1st quarter worth about $872,000. Teza Capital Management LLC acquired a new stake in shares of BJ’s Wholesale Club during the 1st quarter worth about $660,000. Finally, Select Equity Group L.P. boosted its stake in shares of BJ’s Wholesale Club by 1,230.1% during the 1st quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company’s stock worth $198,458,000 after purchasing an additional 1,608,571 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

About BJ’s Wholesale Club

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.