BJ’s Wholesale Club (NYSE:BJ) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

BJ’s Wholesale Club (NYSE:BJ) had its price objective lifted by JPMorgan Chase & Co. from $87.00 to $101.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also issued reports on BJ. Citigroup boosted their price target on BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Jefferies Financial Group boosted their price target on BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Roth Mkm boosted their price target on BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, November 25th. 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 report on Thursday, December 12th. Finally, Morgan Stanley boosted their price target on 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. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BJ’s Wholesale Club presently has a consensus rating of “Moderate Buy” and an average target price of $96.24.

BJ’s Wholesale Club Stock Down 2.2 %

Shares of NYSE:BJ opened at $99.07 on Monday. BJ’s Wholesale Club has a 1 year low of $70.65 and a 1 year high of $108.00. The business has a 50 day simple moving average of $98.26 and a two-hundred day simple moving average of $91.12. The firm has a market capitalization of $13.09 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 4.50 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

Institutional Trading of BJ’s Wholesale Club

Hedge funds and other institutional investors have recently made changes to their positions in the business. Neo Ivy Capital Management purchased a new stake in shares of BJ’s Wholesale Club during the 3rd quarter valued at $828,000. Sanctuary Advisors LLC lifted its holdings in shares of BJ’s Wholesale Club by 129.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock valued at $3,215,000 after purchasing an additional 21,957 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of BJ’s Wholesale Club by 3.5% during the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock valued at $531,118,000 after purchasing an additional 217,385 shares during the last quarter. Oak Harvest Investment Services purchased a new stake in shares of BJ’s Wholesale Club during the 4th quarter valued at $670,000. Finally, Navellier & Associates Inc. purchased a new stake in shares of BJ’s Wholesale Club during the 4th quarter valued at $223,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Company Profile

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.