Wells Fargo & Company Issues Positive Forecast for BJ’s Wholesale Club (NYSE:BJ) Stock Price

BJ’s Wholesale Club (NYSE:BJ) had its target price raised by analysts at Wells Fargo & Company from $100.00 to $115.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 7.59% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on BJ. Roth Mkm lifted their target price 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. Citigroup lifted their price objective on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Morgan Stanley boosted 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 report on Friday, November 22nd. Jefferies Financial Group raised their target price on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, TD Cowen boosted their price target on BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $94.88.

BJ’s Wholesale Club Stock Up 0.6 %

Shares of BJ opened at $106.89 on Monday. The firm’s 50-day simple moving average is $96.22 and its 200 day simple moving average is $89.33. 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 firm has a market cap of $14.12 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 4.69 and a beta of 0.32. BJ’s Wholesale Club has a 52 week low of $66.96 and a 52 week high of $107.29.

BJ’s Wholesale Club (NYSE:BJ) last posted 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. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. On average, analysts forecast that BJ’s Wholesale Club will post 3.95 earnings per share for the current year.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. raised its position in 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 purchasing an additional 293 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of BJ’s Wholesale Club in the third quarter valued at approximately $41,000. Tortoise Investment Management LLC raised its holdings in 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 buying an additional 233 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in BJ’s Wholesale Club in the 3rd quarter valued at approximately $55,000. Finally, Blue Trust Inc. boosted its position in BJ’s Wholesale Club by 198.6% during the 3rd quarter. Blue Trust Inc. now owns 863 shares of the company’s stock worth $76,000 after buying an additional 574 shares during the period. 98.60% of the stock is owned by 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.