Barclays Raises BJ’s Wholesale Club (NYSE:BJ) Price Target to $80.00

BJ’s Wholesale Club (NYSE:BJ) had its price objective increased by Barclays from $72.00 to $80.00 in a research note issued to investors on Friday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other research analysts also recently issued reports about the company. Bank of America increased their price objective on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company a buy rating in a research note on Friday. Evercore ISI increased their price objective on BJ’s Wholesale Club from $80.00 to $86.00 and gave the company an in-line rating in a research note on Friday. TD Cowen increased their price objective on BJ’s Wholesale Club from $93.00 to $95.00 and gave the company a buy rating in a research note on Friday. Robert W. Baird increased their price objective on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company an outperform rating in a research note on Friday. Finally, Loop Capital reissued a hold rating and issued a $80.00 price objective (down from $85.00) on shares of BJ’s Wholesale Club in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $81.18.

BJ’s Wholesale Club Trading Up 5.9 %

Shares of BJ stock opened at $88.14 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.74 and a quick ratio of 0.14. The company has a market cap of $11.71 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 3.82 and a beta of 0.27. The stock has a 50 day simple moving average of $76.94 and a 200-day simple moving average of $70.86. BJ’s Wholesale Club has a 1-year low of $60.33 and a 1-year high of $88.35.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, May 23rd. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the prior year, the company posted $0.85 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. On average, equities research analysts expect that BJ’s Wholesale Club will post 3.89 EPS for the current fiscal year.

Insider Transactions at BJ’s Wholesale Club

In other news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the transaction, the senior vice president now directly owns 12,905 shares in the company, valued at approximately $998,459.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Christopher J. Baldwin sold 73,062 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the completion of the transaction, the director now directly owns 173,294 shares in the company, valued at approximately $12,815,091.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $77.37, for a total value of $77,370.00. Following the transaction, the senior vice president now owns 12,905 shares of the company’s stock, valued at $998,459.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,640 shares of company stock worth $7,394,087. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

Hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in BJ’s Wholesale Club by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 812,783 shares of the company’s stock worth $54,180,000 after acquiring an additional 20,820 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in BJ’s Wholesale Club during the 4th quarter worth about $892,000. Russell Investments Group Ltd. lifted its stake in BJ’s Wholesale Club by 46.0% during the 4th quarter. Russell Investments Group Ltd. now owns 54,043 shares of the company’s stock worth $3,603,000 after acquiring an additional 17,024 shares in the last quarter. International Assets Investment Management LLC acquired a new position in BJ’s Wholesale Club during the 4th quarter worth about $5,745,000. Finally, AGF Management Ltd. acquired a new stake in BJ’s Wholesale Club in the 4th quarter valued at about $2,883,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

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.