BJ’s Wholesale Club (NYSE:BJ) Price Target Raised to $121.00

BJ’s Wholesale Club (NYSE:BJ) had its price target raised by The Goldman Sachs Group from $102.00 to $121.00 in a research report sent to investors on Monday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. Wells Fargo & Company reiterated an “overweight” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. UBS Group lifted their price objective on BJ’s Wholesale Club from $108.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Jefferies Financial Group upped their target price on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Roth Mkm raised their target price on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Finally, Morgan Stanley boosted their price target on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.71.

BJ’s Wholesale Club Stock Down 3.1 %

Shares of BJ opened at $108.05 on Monday. The company’s 50-day simple moving average is $100.68 and its 200-day simple moving average is $92.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. BJ’s Wholesale Club has a 1 year low of $71.81 and a 1 year high of $118.40. The stock has a market capitalization of $14.27 billion, a PE ratio of 25.97, a P/E/G ratio of 4.50 and a beta of 0.28.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.29 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. Analysts forecast that BJ’s Wholesale Club will post 3.96 earnings per share for the current fiscal year.

Institutional Trading of BJ’s Wholesale Club

A number of large investors have recently made changes to their positions in BJ. Neo Ivy Capital Management acquired a new position in BJ’s Wholesale Club during the third quarter worth approximately $828,000. Sanctuary Advisors LLC grew its position in shares of BJ’s Wholesale Club by 129.0% during the third quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock worth $3,215,000 after acquiring an additional 21,957 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of BJ’s Wholesale Club by 3.5% during the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after acquiring an additional 217,385 shares during the last quarter. Oak Harvest Investment Services acquired a new position in shares of BJ’s Wholesale Club in the 4th quarter valued at $670,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in BJ’s Wholesale Club in the 4th quarter valued at $307,000. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Company Profile

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.