BJ's Wholesale Club (NYSE:BJ) Sets New 52-Week High - Here's Why

Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $120.63 and last traded at $120.01, with a volume of 2199171 shares traded. The stock had previously closed at $117.36.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BJ shares. Argus raised BJ's Wholesale Club to a "hold" rating in a report on Friday, April 4th. The Goldman Sachs Group boosted their price target on BJ's Wholesale Club from $102.00 to $121.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Cowen reiterated a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, March 7th. Loop Capital upped their target price on shares of BJ's Wholesale Club from $95.00 to $110.00 and gave the company a "hold" rating in a report on Friday, March 7th. Finally, Barclays lifted their price target on shares of BJ's Wholesale Club from $80.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $110.82.

BJ's Wholesale Club Stock Up 2.4 %

The company has a market capitalization of $15.61 billion, a PE ratio of 28.50, a P/E/G ratio of 4.50 and a beta of 0.54. The business has a 50-day moving average of $110.18 and a 200 day moving average of $98.88. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.29 billion. Equities research analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insider Transactions at BJ's Wholesale Club

In related news, CEO Robert W. Eddy sold 280,400 shares of the company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the transaction, the chief executive officer now directly owns 422,033 shares in the company, valued at approximately $48,242,592.23. This represents a 39.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Joseph Mcgrail sold 2,100 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total transaction of $251,454.00. Following the completion of the sale, the senior vice president now directly owns 14,240 shares in the company, valued at $1,705,097.60. This trade represents a 12.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 328,505 shares of company stock worth $37,452,686 in the last three months. Insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On BJ's Wholesale Club

Institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd lifted its position in shares of BJ's Wholesale Club by 66.5% during the fourth quarter. Covestor Ltd now owns 288 shares of the company's stock worth $26,000 after purchasing an additional 115 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in BJ's Wholesale Club by 652.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock worth $47,000 after buying an additional 457 shares during the period. Tortoise Investment Management LLC lifted its holdings in BJ's Wholesale Club by 78.7% during the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock valued at $47,000 after buying an additional 233 shares in the last quarter. UMB Bank n.a. boosted its position in BJ's Wholesale Club by 68.2% in the 4th quarter. UMB Bank n.a. now owns 624 shares of the company's stock valued at $56,000 after buying an additional 253 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in BJ's Wholesale Club in the 3rd quarter worth about $55,000. 98.60% of the stock is owned by institutional investors.

BJ's Wholesale Club Company Profile

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.