Brokerages Set BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Target Price at $116.75

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nineteen analysts that are currently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $116.12.

A number of analysts recently weighed in on the stock. DA Davidson raised their target price on shares of BJ's Wholesale Club from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Citigroup upgraded BJ's Wholesale Club from a "neutral" rating to a "buy" rating and lifted their price target for the company from $115.00 to $130.00 in a report on Thursday, April 3rd. Evercore ISI reduced their price objective on shares of BJ's Wholesale Club from $115.00 to $110.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Wells Fargo & Company restated an "overweight" rating and issued a $127.00 target price (up from $125.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Finally, Cowen reiterated a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, March 7th.

BJ's Wholesale Club Stock Performance

BJ stock traded down $2.88 during trading on Tuesday, reaching $112.07. 1,498,894 shares of the company's stock were exchanged, compared to its average volume of 1,669,712. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. BJ's Wholesale Club has a 1-year low of $76.33 and a 1-year high of $121.10. The company's fifty day moving average price is $115.04 and its 200-day moving average price is $104.22. The firm has a market cap of $14.76 billion, a PE ratio of 26.94, a P/E/G ratio of 4.50 and a beta of 0.59.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.23. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company's quarterly revenue was up 4.8% compared to the same quarter last year. On average, research analysts expect that BJ's Wholesale Club will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling

In other BJ's Wholesale Club news, SVP Joseph Mcgrail sold 2,100 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total value of $251,454.00. Following the completion of the transaction, the senior vice president now directly owns 14,240 shares of the company's stock, valued at approximately $1,705,097.60. The trade was a 12.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert W. Eddy sold 280,400 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $114.31, for a total value of $32,052,524.00. Following the completion of the transaction, the chief executive officer now owns 422,033 shares of the company's stock, valued at $48,242,592.23. This represents a 39.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 328,505 shares of company stock valued at $37,452,686 over the last three months. Company insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. boosted its stake in BJ's Wholesale Club by 10.6% in the 4th quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company's stock worth $470,775,000 after purchasing an additional 504,958 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of BJ's Wholesale Club by 0.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,366,509 shares of the company's stock worth $498,219,000 after buying an additional 35,130 shares during the period. Bessemer Group Inc. boosted its position in shares of BJ's Wholesale Club by 65.9% during the first quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company's stock worth $477,709,000 after buying an additional 1,662,415 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of BJ's Wholesale Club by 29.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company's stock worth $368,393,000 after buying an additional 741,782 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of BJ's Wholesale Club by 199.7% during the first quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company's stock worth $340,759,000 after buying an additional 1,989,980 shares during the period. Institutional investors and hedge funds own 98.60% of the company's stock.

About BJ's Wholesale Club

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.