BJ's Wholesale Club (NYSE:BJ) Earns Overweight Rating from Wells Fargo & Company

Wells Fargo & Company reissued their overweight rating on shares of BJ's Wholesale Club (NYSE:BJ - Free Report) in a research report released on Friday, MarketBeat Ratings reports. Wells Fargo & Company currently has a $127.00 price target on the stock, up from their prior price target of $125.00.

BJ has been the topic of several other reports. Barclays boosted their price objective on shares of BJ's Wholesale Club from $80.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Citigroup raised BJ's Wholesale Club from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $115.00 to $130.00 in a report on Thursday, April 3rd. The Goldman Sachs Group boosted their target price on BJ's Wholesale Club from $102.00 to $121.00 and gave the stock a "buy" rating in a report on Monday, March 10th. JPMorgan Chase & Co. upped their price objective on shares of BJ's Wholesale Club from $109.00 to $123.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Finally, DA Davidson upped their price objective on shares of BJ's Wholesale Club from $123.00 to $130.00 and gave the company a "buy" rating in a report on Friday, March 7th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $116.12.

BJ's Wholesale Club Stock Down 2.5%

BJ stock traded down $2.88 during midday trading on Friday, hitting $112.07. The company's stock had a trading volume of 1,498,894 shares, compared to its average volume of 1,671,442. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. BJ's Wholesale Club has a twelve month low of $76.33 and a twelve month high of $121.10. The company's fifty day moving average price is $115.00 and its 200 day moving average price is $104.17. The stock has a market capitalization of $14.76 billion, a P/E ratio of 26.94, a PEG ratio of 4.50 and a beta of 0.59.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.23. The firm 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%. The business's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 EPS. As a group, equities research analysts predict that BJ's Wholesale Club will post 3.96 EPS for the current year.

Insiders Place Their Bets

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 280,400 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $114.31, for a total value of $32,052,524.00. Following the sale, the chief executive officer now owns 422,033 shares of the company's stock, valued at approximately $48,242,592.23. This trade represents a 39.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Joseph Mcgrail sold 2,100 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total value of $251,454.00. Following the completion of the sale, the senior vice president now directly owns 14,240 shares in the company, valued at approximately $1,705,097.60. This represents a 12.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 328,505 shares of company stock worth $37,452,686 over the last ninety days. Corporate insiders own 1.40% of the company's stock.

Institutional Trading of BJ's Wholesale Club

Large investors have recently bought and sold shares of the business. Strs Ohio acquired a new stake in shares of BJ's Wholesale Club in the 1st quarter valued at approximately $24,569,000. Geneos Wealth Management Inc. boosted its position in BJ's Wholesale Club by 23,894.5% in the first quarter. Geneos Wealth Management Inc. now owns 30,473 shares of the company's stock valued at $3,477,000 after buying an additional 30,346 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in shares of BJ's Wholesale Club during the first quarter worth $1,153,000. Fortis Capital Advisors LLC bought a new stake in shares of BJ's Wholesale Club during the first quarter worth $1,153,000. Finally, Intech Investment Management LLC grew its stake in shares of BJ's Wholesale Club by 2.5% during the first quarter. Intech Investment Management LLC now owns 55,299 shares of the company's stock worth $6,310,000 after buying an additional 1,331 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

About BJ's Wholesale Club

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.