BJ’s Wholesale Club (NYSE:BJ) Given New $101.00 Price Target at Citigroup

BJ’s Wholesale Club (NYSE:BJ) had its price objective increased by Citigroup from $94.00 to $101.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential upside of 2.98% from the stock’s previous close.

A number of other research firms have also issued reports on BJ. Wells Fargo & Company upped their target price on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Bank of America cut their price objective on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Morgan Stanley boosted their target price on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Friday, November 22nd. Melius Research initiated coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective on the stock. Finally, UBS Group upped their target price on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and an average price target of $94.00.

BJ’s Wholesale Club Stock Performance

BJ stock traded up $0.56 during midday trading on Wednesday, reaching $98.08. The stock had a trading volume of 352,623 shares, compared to its average volume of 1,503,860. BJ’s Wholesale Club has a 52-week low of $64.06 and a 52-week high of $100.74. 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 stock has a market cap of $12.96 billion, a PE ratio of 23.58, a P/E/G ratio of 4.69 and a beta of 0.29. The firm has a fifty day simple moving average of $90.61 and a two-hundred day simple moving average of $87.25.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.29. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.12 billion. During the same period in the prior year, the company posted $0.98 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities research analysts anticipate that BJ’s Wholesale Club will post 3.95 EPS for the current year.

Insider Transactions at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the sale, the chief executive officer now directly owns 423,792 shares in the company, valued at $36,221,502.24. The trade was a 2.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several hedge funds and other institutional investors have recently modified their holdings of BJ. SG Americas Securities LLC bought a new position in BJ’s Wholesale Club during the 2nd quarter worth $397,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of BJ’s Wholesale Club by 6.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,512 shares of the company’s stock worth $484,000 after purchasing an additional 339 shares in the last quarter. Blue Trust Inc. acquired a new stake in shares of BJ’s Wholesale Club during the 2nd quarter valued at $25,000. Nisa Investment Advisors LLC boosted its stake in shares of BJ’s Wholesale Club by 696.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 8,406 shares of the company’s stock worth $738,000 after acquiring an additional 7,351 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of BJ’s Wholesale Club by 9.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,461 shares of the company’s stock worth $128,000 after acquiring an additional 124 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

About BJ’s Wholesale Club

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.