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

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

BJ has been the topic of several other reports. TD Cowen raised their price objective on BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Citigroup lifted their price target on shares of BJ’s Wholesale Club from $101.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, March 7th. Jefferies Financial Group upped their price objective on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Barclays increased their price objective on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday. Finally, DA Davidson boosted their target price on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, BJ’s Wholesale Club has an average rating of “Moderate Buy” and a consensus price target of $108.71.

BJ’s Wholesale Club Trading Down 3.1 %

Shares of NYSE:BJ opened at $108.05 on Monday. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club has a 52-week low of $71.81 and a 52-week high of $118.40. The stock has a market cap of $14.27 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 4.50 and a beta of 0.28. The business has a 50-day moving average price of $100.68 and a 200-day moving average price of $92.24.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.93 EPS for the quarter, beating the consensus estimate 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%. Equities analysts predict that BJ’s Wholesale Club will post 3.96 EPS for the current year.

Institutional Trading of BJ’s Wholesale Club

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

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.