Evercore ISI Cuts BJ's Wholesale Club (NYSE:BJ) Price Target to $78.00

BJ's Wholesale Club (NYSE:BJ - Get Free Report) had its price objective cut by stock analysts at Evercore ISI from $79.00 to $78.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an "in-line" rating on the stock. Evercore ISI's price target would indicate a potential upside of 2.30% from the stock's current price.

A number of other equities analysts have also commented on the company. JPMorgan Chase & Co. raised their price target on BJ's Wholesale Club from $58.00 to $62.00 and gave the stock an "underweight" rating in a report on Friday, March 1st. The Goldman Sachs Group upgraded BJ's Wholesale Club from a "neutral" rating to a "buy" rating and upped their target price for the stock from $81.00 to $87.00 in a report on Monday, April 8th. Wells Fargo & Company reissued an "equal weight" rating and set a $70.00 price target (down from $73.00) on shares of BJ's Wholesale Club in a report on Thursday, January 4th. Finally, Gordon Haskett lowered BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $70.00 price target for the company. in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, BJ's Wholesale Club has a consensus rating of "Hold" and an average price target of $74.40.

BJ's Wholesale Club Stock Up 0.1 %

Shares of NYSE BJ traded up $0.10 during mid-day trading on Tuesday, reaching $76.25. 1,002,354 shares of the company's stock were exchanged, compared to its average volume of 1,392,168. The firm has a market capitalization of $10.14 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 3.33 and a beta of 0.26. 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 business has a fifty day simple moving average of $73.47 and a 200 day simple moving average of $69.30. BJ's Wholesale Club has a twelve month low of $60.33 and a twelve month high of $80.42.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.05. The business had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.38 billion. BJ's Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The firm's quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 EPS. As a group, equities analysts expect that BJ's Wholesale Club will post 3.91 EPS for the current fiscal year.

Insider Activity

In related news, Director Christopher J. Baldwin sold 73,062 shares of the company's stock in a transaction dated 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 transaction, the director now owns 173,294 shares in the company, valued at approximately $12,815,091.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the business'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 sale, the chief executive officer now directly owns 500,792 shares of the company's stock, valued at approximately $38,410,746.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher J. Baldwin sold 73,062 shares of the business's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $73.95, for a total value of $5,402,934.90. Following the sale, the director now directly owns 173,294 shares of the company's stock, valued at $12,815,091.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,840 shares of company stock worth $7,331,235. Corporate insiders own 2.20% of the company's stock.

Institutional Trading of BJ's Wholesale Club

Institutional investors and hedge funds have recently modified their holdings of the stock. Boston Trust Walden Corp increased its stake in shares of BJ's Wholesale Club by 2.0% in the 4th quarter. Boston Trust Walden Corp now owns 1,073,646 shares of the company's stock valued at $71,569,000 after acquiring an additional 20,703 shares during the last quarter. Jump Financial LLC acquired a new position in shares of BJ's Wholesale Club in the 3rd quarter valued at approximately $685,000. Envestnet Asset Management Inc. grew its position in shares of BJ's Wholesale Club by 46.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 558,667 shares of the company's stock valued at $39,872,000 after purchasing an additional 176,494 shares during the period. Lazard Asset Management LLC grew its position in shares of BJ's Wholesale Club by 342.0% in the 3rd quarter. Lazard Asset Management LLC now owns 233,147 shares of the company's stock valued at $16,639,000 after purchasing an additional 180,397 shares during the period. Finally, Barclays PLC grew its position in shares of BJ's Wholesale Club by 64.2% in the 3rd quarter. Barclays PLC now owns 131,362 shares of the company's stock valued at $9,375,000 after purchasing an additional 51,349 shares during the period. 98.60% of the stock is owned by institutional investors.

About BJ's Wholesale Club

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.