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

BJ’s Wholesale Club (NYSE:BJ – Get Rating) had its price objective raised by Evercore ISI from $75.00 to $80.00 in a research note issued to investors on Friday morning, The Fly reports.

A number of other research analysts have also issued reports on the stock. Robert W. Baird upped their target price on shares of BJ’s Wholesale Club from $85.00 to $90.00 in a report on Friday. DA Davidson upped their target price on shares of BJ’s Wholesale Club from $88.00 to $90.00 in a research note on Friday. Barclays increased their price objective on shares of BJ’s Wholesale Club from $24.00 to $25.00 in a research note on Tuesday, February 21st. Credit Suisse Group lowered shares of BJ’s Wholesale Club from an outperform rating to a neutral rating and dropped their price objective for the stock from $80.00 to $75.00 in a research note on Tuesday, December 20th. Finally, UBS Group dropped their price objective on shares of BJ’s Wholesale Club from $85.00 to $80.00 and set a buy rating on the stock in a research note on Friday, January 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $76.44.

BJ’s Wholesale Club Stock Performance

Shares of BJ’s Wholesale Club stock opened at $74.78 on Friday. The firm’s fifty day simple moving average is $71.70 and its 200-day simple moving average is $72.68. The stock has a market capitalization of $10.10 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 2.05 and a beta of 0.48. BJ’s Wholesale Club has a 12 month low of $51.45 and a 12 month high of $80.41. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.67 and a quick ratio of 0.14.

BJ’s Wholesale Club (NYSE:BJ – Get Rating) last posted its quarterly earnings results on Thursday, March 9th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.11. BJ’s Wholesale Club had a net margin of 2.66% and a return on equity of 60.16%. The business had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the prior year, the company posted $0.80 EPS. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. As a group, equities analysts forecast that BJ’s Wholesale Club will post 3.97 earnings per share for the current year.

Insider Activity

In other news, SVP Joseph Mcgrail sold 1,975 shares of the stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $69.30, for a total value of $136,867.50. Following the completion of the transaction, the senior vice president now directly owns 10,083 shares in the company, valued at $698,751.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Joseph Mcgrail sold 1,975 shares of the stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $69.30, for a total value of $136,867.50. Following the completion of the transaction, the senior vice president now directly owns 10,083 shares in the company, valued at $698,751.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeff Desroches sold 1,716 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $74.83, for a total transaction of $128,408.28. Following the completion of the transaction, the executive vice president now owns 91,881 shares in the company, valued at approximately $6,875,455.23. The disclosure for this sale can be found here. Insiders sold 23,482 shares of company stock worth $1,637,601 over the last three months. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On BJ’s Wholesale Club

A number of institutional investors and hedge funds have recently modified their holdings of BJ. Northwestern Mutual Wealth Management Co. raised its position in shares of BJ’s Wholesale Club by 71.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock worth $25,000 after purchasing an additional 166 shares during the period. ST Germain D J Co. Inc. acquired a new stake in shares of BJ’s Wholesale Club during the fourth quarter worth $26,000. CoreCap Advisors LLC acquired a new stake in shares of BJ’s Wholesale Club during the second quarter worth $28,000. Parkside Financial Bank & Trust raised its position in shares of BJ’s Wholesale Club by 1,536.0% during the third quarter. Parkside Financial Bank & Trust now owns 409 shares of the company’s stock worth $30,000 after purchasing an additional 384 shares during the period. Finally, IFP Advisors Inc raised its position in shares of BJ’s Wholesale Club by 45.6% during the fourth quarter. IFP Advisors Inc now owns 1,222 shares of the company’s stock worth $30,000 after purchasing an additional 383 shares during the period. 93.72% of the stock is owned by institutional investors and hedge funds.

About BJ’s Wholesale Club

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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.