JPMorgan Chase & Co. Boosts BJ’s Wholesale Club (NYSE:BJ) Price Target to $76.00

BJ’s Wholesale Club (NYSE:BJ) had its price target boosted by JPMorgan Chase & Co. from $74.00 to $76.00 in a research note released on Friday, Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

A number of other research analysts also recently issued reports on BJ. UBS Group raised their price target on BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a buy rating in a research note on Friday, May 24th. Loop Capital raised their price target on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a hold rating in a research note on Thursday, July 11th. Evercore ISI raised their price target on BJ’s Wholesale Club from $86.00 to $89.00 and gave the stock an in-line rating in a research note on Thursday, June 20th. Robert W. Baird lifted their target price on BJ’s Wholesale Club from $90.00 to $95.00 and gave the company an outperform rating in a research note on Friday, May 24th. Finally, Barclays lifted their target price on BJ’s Wholesale Club from $72.00 to $80.00 and gave the company an equal weight rating in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $83.06.

BJ’s Wholesale Club Price Performance

BJ stock opened at $87.25 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.74 and a quick ratio of 0.14. The firm has a market capitalization of $11.58 billion, a P/E ratio of 22.66, a P/E/G ratio of 3.12 and a beta of 0.23. The business’s 50-day moving average is $87.78 and its two-hundred day moving average is $80.16. BJ’s Wholesale Club has a 1 year low of $63.08 and a 1 year high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, May 23rd. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The business had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. Analysts anticipate that BJ’s Wholesale Club will post 3.91 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $86.90, for a total value of $955,900.00. Following the sale, the chief executive officer now directly owns 467,792 shares in the company, valued at $40,651,124.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Graham Luce sold 16,596 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total value of $1,512,725.40. Following the completion of the transaction, the executive vice president now directly owns 14,131 shares in the company, valued at $1,288,040.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the transaction, the chief executive officer now owns 467,792 shares of the company’s stock, valued at $40,651,124.80. The disclosure for this sale can be found here. Insiders have sold 81,544 shares of company stock worth $7,237,084 over the last three months. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several institutional investors have recently added to or reduced their stakes in BJ. Blue Trust Inc. acquired a new stake in BJ’s Wholesale Club during the second quarter worth about $25,000. Rise Advisors LLC acquired a new stake in BJ’s Wholesale Club during the first quarter worth about $26,000. J.Safra Asset Management Corp acquired a new stake in BJ’s Wholesale Club during the second quarter worth about $45,000. Eagle Bay Advisors LLC acquired a new stake in BJ’s Wholesale Club during the fourth quarter worth about $40,000. Finally, Benjamin Edwards Inc. grew its stake in shares of BJ’s Wholesale Club by 394.5% in the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock valued at $55,000 after buying an additional 501 shares in 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.