BJ’s Wholesale Club (NYSE:BJ) Shares Up 0.4%

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Rating) shot up 0.4% on Thursday . The company traded as high as $59.56 and last traded at $59.55. 18,987 shares changed hands during trading, a decline of 99% from the average session volume of 1,749,011 shares. The stock had previously closed at $59.30.

A number of research firms have weighed in on BJ. Citigroup upped their target price on BJ’s Wholesale Club from $58.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, May 20th. Robert W. Baird restated an “outperform” rating and issued a $70.00 price target on shares of BJ’s Wholesale Club in a research note on Monday, May 23rd. Credit Suisse Group cut their target price on BJ’s Wholesale Club from $80.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, March 4th. Deutsche Bank Aktiengesellschaft increased their target price on BJ’s Wholesale Club from $70.00 to $74.00 in a research note on Friday, May 20th. Finally, Jefferies Financial Group increased their target price on BJ’s Wholesale Club from $69.00 to $72.00 in a research note on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $65.64.

The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.14 and a current ratio of 0.80. The stock’s 50-day moving average is $62.68 and its 200 day moving average is $63.44. The stock has a market capitalization of $7.92 billion, a PE ratio of 17.48, a P/E/G ratio of 1.99 and a beta of 0.52.

BJ’s Wholesale Club (NYSE:BJGet Rating) last issued its quarterly earnings data on Thursday, May 19th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.15. BJ’s Wholesale Club had a net margin of 2.65% and a return on equity of 77.13%. The company had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period last year, the firm posted $0.72 EPS. BJ’s Wholesale Club’s revenue for the quarter was up 16.2% on a year-over-year basis. Analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.31 earnings per share for the current year.

In other news, Director Kenneth M. Parent sold 35,004 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, April 5th. The shares were sold at an average price of $67.42, for a total value of $2,359,969.68. Following the sale, the director now owns 14,143 shares of the company’s stock, valued at $953,521.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. Great Lakes Advisors LLC purchased a new stake in BJ’s Wholesale Club during the fourth quarter worth approximately $225,000. Comerica Bank boosted its stake in shares of BJ’s Wholesale Club by 33.5% in the third quarter. Comerica Bank now owns 109,086 shares of the company’s stock valued at $6,690,000 after purchasing an additional 27,347 shares during the period. Illinois Municipal Retirement Fund boosted its stake in shares of BJ’s Wholesale Club by 26.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 34,751 shares of the company’s stock valued at $2,327,000 after purchasing an additional 7,290 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of BJ’s Wholesale Club by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,706,628 shares of the company’s stock valued at $114,290,000 after purchasing an additional 5,546 shares during the period. Finally, Cutter & CO Brokerage Inc. boosted its stake in shares of BJ’s Wholesale Club by 1.7% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 37,854 shares of the company’s stock valued at $2,535,000 after purchasing an additional 625 shares during the period. 99.98% of the stock is currently owned by institutional investors and hedge funds.

About BJ’s Wholesale Club (NYSE:BJ)

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, Wellsleyfarms.com, and Delivery.bjs.com as well as the mobile app.

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