BJ's Wholesale Club (NYSE:BJ) Stock Rating Upgraded by Gordon Haskett

Gordon Haskett upgraded shares of BJ's Wholesale Club (NYSE:BJ - Free Report) from a hold rating to a buy rating in a research note published on Thursday morning, Marketbeat.com reports. They currently have $90.00 target price on the stock.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. upped their target price 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 shares of BJ's Wholesale Club from a neutral rating to a buy rating and boosted their target price for the company from $81.00 to $87.00 in a report on Monday, April 8th. Evercore ISI lifted their price target on shares of BJ's Wholesale Club from $76.00 to $78.00 and gave the company an in-line rating in a research report on Tuesday, May 14th. Finally, Loop Capital restated a hold rating and issued a $80.00 price objective (down previously from $85.00) on shares of BJ's Wholesale Club in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $75.73.

BJ's Wholesale Club Trading Up 3.3 %

Shares of NYSE BJ traded up $2.65 during trading hours on Thursday, hitting $83.14. The company's stock had a trading volume of 3,270,383 shares, compared to its average volume of 1,486,059. BJ's Wholesale Club has a 12 month low of $60.33 and a 12 month high of $85.11. The stock has a market cap of $11.04 billion, a price-to-earnings ratio of 21.25, a P/E/G ratio of 3.46 and a beta of 0.27. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.14 and a current ratio of 0.73. The business has a 50-day simple moving average of $76.49 and a 200-day simple moving average of $70.62.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its 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 firm had revenue of $5.36 billion for the quarter, compared to analysts' expectations of $5.38 billion. BJ's Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The business's revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 earnings per share. On average, analysts anticipate that BJ's Wholesale Club will post 3.92 earnings per share for the current fiscal year.

Insider Activity

In other BJ's Wholesale Club news, Director Christopher J. Baldwin sold 73,062 shares of BJ's Wholesale Club stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $73.95, for a total value of $5,402,934.90. Following the completion of the sale, the director now owns 173,294 shares of the company's stock, valued at approximately $12,815,091.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Robert W. Eddy sold 11,000 shares of the firm's stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $76.70, for a total value of $843,700.00. Following the transaction, the chief executive officer now 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 SEC, which is accessible through this link. Also, Director Christopher J. Baldwin sold 73,062 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 173,294 shares of the company's stock, valued at $12,815,091.30. 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 in the last 90 days. 2.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Rise Advisors LLC purchased a new position in shares of BJ's Wholesale Club during the 1st quarter valued at $26,000. Eagle Bay Advisors LLC bought a new position in shares of BJ's Wholesale Club in the fourth quarter worth about $40,000. Huntington National Bank grew its position in shares of BJ's Wholesale Club by 159.9% during the third quarter. Huntington National Bank now owns 668 shares of the company's stock worth $48,000 after purchasing an additional 411 shares in the last quarter. First Horizon Advisors Inc. raised its stake in BJ's Wholesale Club by 36.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,126 shares of the company's stock valued at $75,000 after purchasing an additional 302 shares during the period. Finally, Anchor Investment Management LLC purchased a new position in BJ's Wholesale Club in the 4th quarter worth approximately $78,000. 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.