Evercore ISI Increases BJ’s Wholesale Club (NYSE:BJ) Price Target to $86.00

BJ’s Wholesale Club (NYSE:BJ) had its price objective increased by Evercore ISI from $80.00 to $86.00 in a report released on Friday, Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective points to a potential downside of 2.43% from the stock’s current price.

BJ has been the subject of several other reports. Gordon Haskett upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Thursday. Loop Capital reiterated a “hold” rating and set a $80.00 target price (down from $85.00) on shares of BJ’s Wholesale Club in a report on Thursday, April 18th. Bank of America upped their price target on BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. lifted their price objective on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an “underweight” rating in a research note on Friday, March 1st. Finally, Robert W. Baird upped their target price on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, BJ’s Wholesale Club currently has a consensus rating of “Hold” and an average price target of $81.18.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $88.14 on Friday. The business’s 50-day simple moving average is $76.94 and its 200-day simple moving average is $70.85. The firm has a market capitalization of $11.71 billion, a P/E ratio of 22.89, a P/E/G ratio of 3.61 and a beta of 0.27. BJ’s Wholesale Club has a 1-year low of $60.33 and a 1-year high of $88.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.74 and a quick ratio of 0.14.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, May 23rd. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The firm had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the previous year, the company posted $0.85 earnings per share. BJ’s Wholesale Club’s revenue was up 4.1% compared to the same quarter last year. Equities analysts predict that BJ’s Wholesale Club will post 3.9 EPS for the current year.

Insider Buying and Selling

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $76.70, for a total transaction of $843,700.00. Following the completion of the sale, the chief executive officer now owns 500,792 shares in the company, valued at $38,410,746.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 Monday, April 8th. The stock was sold at an average price of $76.70, for a total value of $843,700.00. Following the completion of the transaction, the chief executive officer now directly owns 500,792 shares in the company, valued at $38,410,746.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher J. Baldwin sold 73,062 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $73.95, for a total value of $5,402,934.90. Following the sale, the director now owns 173,294 shares in the company, valued at $12,815,091.30. The disclosure for this sale can be found here. Insiders have sold 98,840 shares of company stock worth $7,408,605 over the last ninety days. 2.00% of the stock is owned by insiders.

Institutional Trading of BJ’s Wholesale Club

A number of large investors have recently modified their holdings of BJ. Rise Advisors LLC bought a new position in BJ’s Wholesale Club in the 1st quarter worth about $26,000. Eagle Bay Advisors LLC bought a new stake in BJ’s Wholesale Club during the 4th quarter valued at $40,000. Huntington National Bank boosted its position in BJ’s Wholesale Club by 159.9% during the 3rd quarter. Huntington National Bank now owns 668 shares of the company’s stock worth $48,000 after acquiring an additional 411 shares during the period. First Horizon Advisors Inc. grew its stake in shares of BJ’s Wholesale Club by 36.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,126 shares of the company’s stock worth $75,000 after purchasing an additional 302 shares in the last quarter. Finally, Anchor Investment Management LLC acquired a new position in shares of BJ’s Wholesale Club during the fourth quarter valued at $78,000. Institutional investors and hedge funds 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 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.