JPMorgan Chase & Co. Increases BJ’s Wholesale Club (NYSE:BJ) Price Target to $65.00

BJ’s Wholesale Club (NYSE:BJGet Rating) had its price target boosted by stock analysts at JPMorgan Chase & Co. from $64.00 to $65.00 in a report released on Friday, Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 10.58% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Credit Suisse Group boosted their price objective on shares of BJ’s Wholesale Club from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 19th. Bank of America upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $72.00 to $83.00 in a research note on Thursday, August 18th. Morgan Stanley boosted their price objective on shares of BJ’s Wholesale Club from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Friday, August 19th. UBS Group boosted their price objective on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 19th. Finally, DA Davidson boosted their price objective on shares of BJ’s Wholesale Club from $72.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, August 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.38.

BJ’s Wholesale Club Stock Down 1.8 %

Shares of BJ stock opened at $72.69 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.17 and a debt-to-equity ratio of 0.64. BJ’s Wholesale Club has a 1 year low of $51.45 and a 1 year high of $80.41. The firm’s fifty day moving average price is $74.90 and its two-hundred day moving average price is $68.94. The firm has a market capitalization of $9.82 billion, a P/E ratio of 20.30, a PEG ratio of 2.12 and a beta of 0.43.

BJ’s Wholesale Club (NYSE:BJGet Rating) last issued its quarterly earnings results on Thursday, August 18th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.23. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 64.35%. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.63 billion. During the same period in the previous year, the business earned $0.82 EPS. The company’s revenue was up 22.2% compared to the same quarter last year. On average, equities analysts predict that BJ’s Wholesale Club will post 3.76 EPS for the current fiscal year.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Scott Kessler sold 13,359 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $76.36, for a total value of $1,020,093.24. Following the completion of the sale, the executive vice president now owns 116,791 shares of the company’s stock, valued at approximately $8,918,160.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

A number of institutional investors have recently bought and sold shares of BJ. SG Americas Securities LLC boosted its holdings in BJ’s Wholesale Club by 30.8% in the 1st quarter. SG Americas Securities LLC now owns 16,721 shares of the company’s stock valued at $1,131,000 after purchasing an additional 3,937 shares during the period. Brandywine Oak Private Wealth LLC lifted its holdings in shares of BJ’s Wholesale Club by 18.3% during the 1st quarter. Brandywine Oak Private Wealth LLC now owns 4,577 shares of the company’s stock worth $309,000 after acquiring an additional 709 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in shares of BJ’s Wholesale Club by 6.1% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 84,220 shares of the company’s stock worth $5,694,000 after acquiring an additional 4,822 shares during the period. Arizona State Retirement System lifted its holdings in shares of BJ’s Wholesale Club by 6.9% during the 1st quarter. Arizona State Retirement System now owns 39,290 shares of the company’s stock worth $2,656,000 after acquiring an additional 2,540 shares during the period. Finally, Walter Public Investments Inc. bought a new stake in shares of BJ’s Wholesale Club during the 1st quarter worth approximately $18,221,000. Institutional investors own 98.26% of the company’s stock.

BJ’s Wholesale Club Company Profile

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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.

Further Reading

Analyst Recommendations for BJ's Wholesale Club (NYSE:BJ)

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