BJ’s Wholesale Club (NYSE:BJ) Hits New 52-Week High After Analyst Upgrade

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) hit 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 brokerages also recently weighed in on BJ. Jefferies Financial Group raised their price target on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Morgan Stanley increased their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. UBS Group boosted their target price 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. Roth Mkm upped their price target on BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. Finally, Citigroup lifted their target price on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $94.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BJ. UMB Bank n.a. increased its position in shares of BJ’s Wholesale Club by 375.6% in the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after buying an additional 293 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of BJ’s Wholesale Club during the 3rd quarter worth $41,000. Tortoise Investment Management LLC raised its stake in shares of BJ’s Wholesale Club by 78.7% in the 4th 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 acquired a new stake in BJ’s Wholesale Club during the 3rd quarter valued at $55,000. Finally, Blue Trust Inc. raised its holdings in BJ’s Wholesale Club by 198.6% in the third quarter. Blue Trust Inc. now owns 863 shares of the company’s stock valued at $76,000 after acquiring an additional 574 shares in the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Trading Up 0.6 %

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The business’s fifty day simple moving average is $96.22 and its 200 day simple moving average is $89.33. The stock has a market cap of $14.12 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 4.69 and a beta of 0.32.

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