BJ's Wholesale Club (NYSE:BJ) Reaches New 12-Month High at $80.52

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $80.52 and last traded at $80.06, with a volume of 655145 shares changing hands. The stock had previously closed at $78.08.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BJ shares. JPMorgan Chase & Co. lifted their price objective on BJ's Wholesale Club from $58.00 to $62.00 and gave the stock an "underweight" rating in a research report on Friday, March 1st. Evercore ISI lowered their price target on shares of BJ's Wholesale Club from $79.00 to $78.00 and set an "in-line" rating for the company in a report on Tuesday, April 16th. The Goldman Sachs Group raised shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and upped their price objective for the company from $81.00 to $87.00 in a research note on Monday, April 8th. Loop Capital reaffirmed a "hold" rating and issued a $80.00 target price (down from $85.00) on shares of BJ's Wholesale Club in a research note on Thursday, April 18th. Finally, Gordon Haskett downgraded BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $70.00 price target for the company. in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, BJ's Wholesale Club currently has a consensus rating of "Hold" and a consensus price target of $74.40.

BJ's Wholesale Club Stock Performance

The stock has a market cap of $10.42 billion, a PE ratio of 20.18, a P/E/G ratio of 3.38 and a beta of 0.27. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.14. The stock has a 50-day simple moving average of $75.64 and a 200-day simple moving average of $70.05.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.05. BJ's Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The business had revenue of $5.36 billion during the quarter, compared to analysts' expectations of $5.38 billion. During the same quarter in the previous year, the business earned $1.00 EPS. The company's revenue for the quarter was up 8.7% on a year-over-year basis. Equities analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Christopher J. Baldwin sold 73,062 shares of the firm's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the sale, the director now directly owns 173,294 shares in the company, valued at approximately $12,815,091.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Christopher J. Baldwin sold 73,062 shares of the firm's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the completion of the sale, 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 document filed with the SEC, which is available through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the business's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the transaction, the senior vice president now owns 12,905 shares in the company, valued at approximately $998,459.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,840 shares of company stock valued at $7,408,605. Company insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BJ. Seven Eight Capital LP bought a new position in BJ's Wholesale Club during the 1st quarter valued at $3,983,000. Trillium Asset Management LLC raised its stake in shares of BJ's Wholesale Club by 2.0% in the 1st quarter. Trillium Asset Management LLC now owns 129,566 shares of the company's stock valued at $9,802,000 after purchasing an additional 2,510 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of BJ's Wholesale Club by 6.3% during the first quarter. Orion Portfolio Solutions LLC now owns 63,630 shares of the company's stock worth $4,814,000 after purchasing an additional 3,767 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in BJ's Wholesale Club in the first quarter worth about $4,970,000. Finally, Fortis Capital Advisors LLC bought a new stake in BJ's Wholesale Club in the first quarter valued at about $203,000. Hedge funds and other 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.

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