TD Cowen Increases BJ’s Wholesale Club (NYSE:BJ) Price Target to $95.00

BJ’s Wholesale Club (NYSE:BJ) had its target price lifted by stock analysts at TD Cowen from $93.00 to $95.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 7.78% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird increased their price target on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday. JPMorgan Chase & Co. lifted their target price on BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an “underweight” rating in a report on Friday, March 1st. The Goldman Sachs Group raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and upped their price target for the company from $81.00 to $87.00 in a report on Monday, April 8th. Bank of America increased their price objective on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday. Finally, Gordon Haskett raised BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $81.18.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $88.14 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.74 and a debt-to-equity ratio of 0.26. The stock has a market cap 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. The business’s 50 day moving average price is $76.94 and its 200-day moving average price is $70.85. BJ’s Wholesale Club has a 52 week low of $60.33 and a 52 week high of $88.35.

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

Insider Activity

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the completion of the transaction, the senior vice president now directly owns 12,905 shares in the company, valued at $998,459.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Christopher J. Baldwin sold 73,062 shares of the business’s 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 transaction, the director now directly owns 173,294 shares of the company’s stock, valued at approximately $12,815,091.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the sale, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at $998,459.85. The disclosure for this sale can be found here. Insiders have sold a total of 98,840 shares of company stock valued at $7,408,605 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

Hedge funds and other institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in BJ’s Wholesale Club by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 812,783 shares of the company’s stock valued at $54,180,000 after buying an additional 20,820 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in BJ’s Wholesale Club in the fourth quarter worth $892,000. Russell Investments Group Ltd. raised its stake in BJ’s Wholesale Club by 46.0% during the fourth quarter. Russell Investments Group Ltd. now owns 54,043 shares of the company’s stock valued at $3,603,000 after purchasing an additional 17,024 shares in the last quarter. International Assets Investment Management LLC bought a new position in BJ’s Wholesale Club during the fourth quarter valued at $5,745,000. Finally, AGF Management Ltd. purchased a new position in shares of BJ’s Wholesale Club in the 4th quarter worth $2,883,000. 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 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.