BJ's Wholesale Club (NYSE:BJ) PT Raised to $78.00

BJ's Wholesale Club (NYSE:BJ - Free Report) had its price target raised by Evercore ISI from $76.00 to $78.00 in a research note issued to investors on Tuesday morning, Benzinga reports. The firm currently has an in-line rating on the stock.

Other equities analysts have also issued research reports about the company. Gordon Haskett lowered BJ's Wholesale Club from a buy rating to a hold rating and set a $70.00 price target on the stock. in a research note on Wednesday, February 7th. Loop Capital reiterated a hold rating and set a $80.00 price target (down previously from $85.00) on shares of BJ's Wholesale Club in a research report on Thursday, April 18th. The Goldman Sachs Group raised shares of BJ's Wholesale Club from a neutral rating to a buy rating and boosted their price target for the stock from $81.00 to $87.00 in a research note on Monday, April 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of BJ's Wholesale Club from $58.00 to $62.00 and gave the stock an underweight rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average price target of $74.40.

BJ's Wholesale Club Price Performance

NYSE BJ traded down $0.73 on Tuesday, hitting $77.74. 1,229,254 shares of the company were exchanged, compared to its average volume of 1,460,495. BJ's Wholesale Club has a 1-year low of $60.33 and a 1-year high of $80.52. The firm has a 50 day moving average of $75.79 and a two-hundred day moving average of $70.11. The company has a current ratio of 0.73, a quick ratio of 0.14 and a debt-to-equity ratio of 0.27. The company has a market cap of $10.33 billion, a P/E ratio of 19.94, a P/E/G ratio of 3.38 and a beta of 0.27.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced 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. The company had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.38 billion. BJ's Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. BJ's Wholesale Club's quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 earnings per share. On average, equities analysts predict that BJ's Wholesale Club will post 3.91 EPS for the current year.

Insider Transactions at BJ's Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $76.70, for a total transaction of $843,700.00. Following the completion of the sale, the chief executive officer now owns 500,792 shares of the company's stock, valued at $38,410,746.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Robert W. Eddy sold 11,000 shares of the company's stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $76.70, for a total transaction of $843,700.00. Following the completion of the transaction, the chief executive officer now directly owns 500,792 shares of the company's stock, valued at $38,410,746.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joseph Mcgrail sold 1,000 shares of BJ's Wholesale Club 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 sale, the senior vice president now directly owns 12,905 shares in the company, valued at approximately $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 over the last 90 days. 2.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On BJ's Wholesale Club

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its stake in BJ's Wholesale Club by 46.0% in the fourth quarter. Russell Investments Group Ltd. now owns 54,043 shares of the company's stock valued at $3,603,000 after acquiring an additional 17,024 shares during the last quarter. International Assets Investment Management LLC bought a new position in BJ's Wholesale Club during the fourth quarter worth about $5,745,000. Boston Trust Walden Corp increased its position in BJ's Wholesale Club by 2.0% during the fourth quarter. Boston Trust Walden Corp now owns 1,073,646 shares of the company's stock worth $71,569,000 after buying an additional 20,703 shares during the last quarter. Jump Financial LLC bought a new stake in BJ's Wholesale Club in the third quarter valued at approximately $685,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of BJ's Wholesale Club by 46.2% in the third quarter. Envestnet Asset Management Inc. now owns 558,667 shares of the company's stock valued at $39,872,000 after buying an additional 176,494 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

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.