Loop Capital Boosts BJ's Wholesale Club (NYSE:BJ) Price Target to $120.00

BJ's Wholesale Club (NYSE:BJ - Get Free Report) had its target price upped by research analysts at Loop Capital from $110.00 to $120.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Loop Capital's target price would suggest a potential upside of 3.82% from the company's previous close.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of BJ's Wholesale Club from $109.00 to $123.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Argus raised shares of BJ's Wholesale Club to a "hold" rating in a research note on Friday, April 4th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of BJ's Wholesale Club in a research report on Friday, March 7th. Morgan Stanley upped their price target on BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Cowen reaffirmed a "buy" rating on shares of BJ's Wholesale Club in a research note on Friday, March 7th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $113.24.

BJ's Wholesale Club Price Performance

Shares of NYSE BJ traded down $0.39 during midday trading on Friday, reaching $115.58. 248,907 shares of the company were exchanged, compared to its average volume of 1,678,333. The stock's 50-day moving average price is $114.62 and its 200-day moving average price is $103.51. The stock has a market cap of $15.22 billion, a P/E ratio of 27.78, a PEG ratio of 4.50 and a beta of 0.59. 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 one year low of $76.33 and a one year high of $121.10.

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

Insider Buying and Selling

In other BJ's Wholesale Club news, EVP William C. Werner sold 20,000 shares of BJ's Wholesale Club stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total value of $2,208,200.00. Following the transaction, the executive vice president now directly owns 31,308 shares of the company's stock, valued at $3,456,716.28. The trade was a 38.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joseph Mcgrail sold 2,100 shares of the firm's stock in a transaction that occurred on 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 transaction, the senior vice president now owns 14,240 shares in the company, valued at $1,705,097.60. This represents a 12.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 328,505 shares of company stock valued at $37,452,686. Company insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its stake in shares of BJ's Wholesale Club by 23,894.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 30,473 shares of the company's stock valued at $3,477,000 after purchasing an additional 30,346 shares during the period. Belpointe Asset Management LLC bought a new stake in BJ's Wholesale Club during the 1st quarter valued at about $1,153,000. Fortis Capital Advisors LLC purchased a new position in BJ's Wholesale Club in the 1st quarter worth approximately $1,153,000. Intech Investment Management LLC boosted its stake in BJ's Wholesale Club by 2.5% during the 1st quarter. Intech Investment Management LLC now owns 55,299 shares of the company's stock valued at $6,310,000 after purchasing an additional 1,331 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of BJ's Wholesale Club by 4.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 526,137 shares of the company's stock worth $60,032,000 after purchasing an additional 20,975 shares in the last quarter. 98.60% of the stock is currently 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.

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