BJ’s Wholesale Club (NYSE:BJ) Price Target Raised to $115.00

BJ’s Wholesale Club (NYSE:BJ) had its price target lifted by Barclays from $80.00 to $115.00 in a report published on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other brokerages have also commented on BJ. Robert W. Baird raised their price target on BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Roth Mkm raised their price target on BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Citigroup raised their price target on BJ’s Wholesale Club from $101.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. raised their price target on BJ’s Wholesale Club from $87.00 to $101.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Finally, UBS Group lifted their target price on BJ’s Wholesale Club from $108.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $108.71.

BJ’s Wholesale Club Stock Down 3.1 %

Shares of BJ opened at $108.05 on Monday. The company has a market cap of $14.27 billion, a PE ratio of 25.97, a P/E/G ratio of 4.50 and a beta of 0.28. The business has a fifty day moving average of $100.68 and a 200 day moving average of $92.24. BJ’s Wholesale Club has a 52-week low of $71.81 and a 52-week high of $118.40. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, topping 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 business had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. On average, sell-side analysts expect that BJ’s Wholesale Club will post 3.96 EPS for the current year.

Institutional Trading of BJ’s Wholesale Club

Several hedge funds have recently modified their holdings of the stock. Covestor Ltd boosted its stake in BJ’s Wholesale Club by 66.5% during the 4th quarter. Covestor Ltd now owns 288 shares of the company’s stock worth $26,000 after purchasing an additional 115 shares during the period. Brown Brothers Harriman & Co. raised its position in BJ’s Wholesale Club by 652.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company’s stock worth $47,000 after buying an additional 457 shares during the last quarter. Tortoise Investment Management LLC raised its position in BJ’s Wholesale Club by 78.7% during the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock worth $47,000 after buying an additional 233 shares during the last quarter. UMB Bank n.a. raised its position in BJ’s Wholesale Club by 68.2% during the 4th quarter. UMB Bank n.a. now owns 624 shares of the company’s stock worth $56,000 after buying an additional 253 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in BJ’s Wholesale Club during the 3rd quarter worth $55,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

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.