BJ’s Wholesale Club (NYSE:BJ) Shares Gap Down – Here’s What Happened

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) gapped down before the market opened on Friday . The stock had previously closed at $112.33, but opened at $109.85. BJ’s Wholesale Club shares last traded at $111.23, with a volume of 386,080 shares.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the company a “neutral” rating in a research report on Monday. Roth Mkm raised their price objective on BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, November 25th. TD Cowen boosted their price target on BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. UBS Group upped their price target on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the company a “buy” rating in a research note on Friday. Finally, Robert W. Baird raised their price objective on BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $101.12.

BJ’s Wholesale Club Price Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The stock has a market capitalization of $15.05 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. The business’s 50-day moving average price is $98.53 and its 200 day moving average price is $91.28.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of BJ’s Wholesale Club by 3.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,688 shares of the company’s stock worth $469,000 after acquiring an additional 176 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in shares of BJ’s Wholesale Club by 16.3% in the third quarter. QRG Capital Management Inc. now owns 4,136 shares of the company’s stock worth $341,000 after buying an additional 579 shares during the last quarter. Olympiad Research LP purchased a new stake in BJ’s Wholesale Club during the third quarter valued at approximately $322,000. Portside Wealth Group LLC lifted its holdings in BJ’s Wholesale Club by 14.4% during the third quarter. Portside Wealth Group LLC now owns 3,248 shares of the company’s stock valued at $268,000 after purchasing an additional 410 shares in the last quarter. Finally, Lifestyle Asset Management Inc. boosted its position in shares of BJ’s Wholesale Club by 2.6% in the third quarter. Lifestyle Asset Management Inc. now owns 13,221 shares of the company’s stock worth $1,090,000 after purchasing an additional 339 shares during the period. Institutional investors own 98.60% of the company’s stock.

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.