BJ’s Wholesale Club (NYSE:BJ) Given New $64.00 Price Target at Evercore ISI

BJ’s Wholesale Club (NYSE:BJ) had its price objective decreased by research analysts at Evercore ISI from $68.00 to $64.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective indicates a potential downside of 0.06% from the stock’s current price.

Several other analysts have also weighed in on BJ. TD Cowen started coverage on BJ’s Wholesale Club in a report on Thursday, September 14th. They issued an “outperform” rating and a $80.00 price objective for the company. UBS Group reduced their price objective on shares of BJ’s Wholesale Club from $83.00 to $81.00 and set a “buy” rating for the company in a research report on Wednesday, August 23rd. Deutsche Bank Aktiengesellschaft cut shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $79.00 to $71.00 in a research note on Monday, November 6th. Credit Suisse Group cut their target price on shares of BJ’s Wholesale Club from $80.00 to $73.00 and set a “neutral” rating for the company in a research note on Thursday, August 17th. Finally, Loop Capital decreased their price target on shares of BJ’s Wholesale Club from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $72.00.

BJ’s Wholesale Club Price Performance

Shares of BJ stock traded down $0.31 during midday trading on Monday, reaching $64.04. 680,253 shares of the company were exchanged, compared to its average volume of 1,757,953. The company’s 50 day moving average price is $69.75 and its two-hundred day moving average price is $67.13. The company has a market cap of $8.56 billion, a P/E ratio of 17.22, a PEG ratio of 3.16 and a beta of 0.37. BJ’s Wholesale Club has a 12 month low of $60.33 and a 12 month high of $78.88. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.12 and a current ratio of 0.71.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Friday, November 17th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.95 by $0.03. The firm had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.90 billion. BJ’s Wholesale Club had a return on equity of 47.80% and a net margin of 2.61%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 earnings per share. On average, sell-side analysts expect that BJ’s Wholesale Club will post 3.87 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP William C. Werner sold 3,799 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $70.65, for a total transaction of $268,399.35. Following the transaction, the executive vice president now directly owns 31,081 shares in the company, valued at approximately $2,195,872.65. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP William C. Werner sold 1,970 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $70.04, for a total transaction of $137,978.80. Following the transaction, the executive vice president now owns 34,880 shares of the company’s stock, valued at $2,442,995.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP William C. Werner sold 3,799 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $70.65, for a total transaction of $268,399.35. Following the completion of the sale, the executive vice president now owns 31,081 shares of the company’s stock, valued at $2,195,872.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 118,653 shares of company stock worth $8,306,084. 2.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Ameritas Advisory Services LLC bought a new position in shares of BJ’s Wholesale Club in the 1st quarter valued at approximately $25,000. Parkside Financial Bank & Trust lifted its stake in shares of BJ’s Wholesale Club by 1,364.0% in the first quarter. Parkside Financial Bank & Trust now owns 366 shares of the company’s stock worth $28,000 after buying an additional 341 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of BJ’s Wholesale Club by 45.3% during the 3rd quarter. Global Retirement Partners LLC now owns 491 shares of the company’s stock worth $34,000 after buying an additional 153 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of BJ’s Wholesale Club during the 1st quarter worth $35,000. Finally, ST Germain D J Co. Inc. bought a new position in BJ’s Wholesale Club in the 2nd quarter worth $37,000. Institutional investors 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 perishable, general merchandise, gasoline, coupon books, promotions, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.