BJ’s Wholesale Club’s (BJ) Outperform Rating Reaffirmed at Robert W. Baird

BJ’s Wholesale Club (NYSE:BJ – Get Rating)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Robert W. Baird in a note issued to investors on Monday. They currently have a $70.00 price objective on the stock. Robert W. Baird’s target price would indicate a potential upside of 33.38% from the company’s current price.

A number of other research firms also recently issued reports on BJ. Credit Suisse Group lowered their price objective on shares of BJ’s Wholesale Club from $80.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, March 4th. Citigroup boosted their target price on shares of BJ’s Wholesale Club from $58.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of BJ’s Wholesale Club from $70.00 to $74.00 in a report on Friday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, BJ’s Wholesale Club currently has a consensus rating of “Buy” and an average target price of $66.25.

Shares of BJ opened at $52.48 on Monday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.14 and a current ratio of 0.80. BJ’s Wholesale Club has a twelve month low of $43.81 and a twelve month high of $74.09. The firm’s 50 day moving average price is $65.22 and its two-hundred day moving average price is $64.19. The firm has a market cap of $7.10 billion, a P/E ratio of 15.94, a PEG ratio of 2.25 and a beta of 0.51.

BJ’s Wholesale Club (NYSE:BJ – Get Rating) last posted its quarterly earnings data on Thursday, May 19th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. BJ’s Wholesale Club had a net margin of 2.65% and a return on equity of 77.13%. The company had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period last year, the company earned $0.72 earnings per share. The firm’s revenue was up 16.2% compared to the same quarter last year. On average, sell-side analysts anticipate that BJ’s Wholesale Club will post 3.24 earnings per share for the current fiscal year.

In other BJ’s Wholesale Club news, Director Kenneth M. Parent sold 35,004 shares of the company’s stock in a transaction on Tuesday, April 5th. The shares were sold at an average price of $67.42, for a total value of $2,359,969.68. Following the transaction, the director now directly owns 14,143 shares in the company, valued at $953,521.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.10% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Sawgrass Asset Management LLC bought a new stake in shares of BJ’s Wholesale Club in the first quarter valued at about $247,000. Walleye Capital LLC bought a new stake in BJ’s Wholesale Club during the first quarter worth about $612,000. Avalon Investment & Advisory lifted its position in BJ’s Wholesale Club by 12.7% during the first quarter. Avalon Investment & Advisory now owns 118,337 shares of the company’s stock worth $8,001,000 after purchasing an additional 13,365 shares during the period. Advisors Asset Management Inc. lifted its position in BJ’s Wholesale Club by 12.2% during the first quarter. Advisors Asset Management Inc. now owns 2,731 shares of the company’s stock worth $185,000 after purchasing an additional 298 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in BJ’s Wholesale Club during the first quarter worth about $50,000. 99.98% of the stock is owned by institutional investors.

About BJ’s Wholesale Club (Get Rating)

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, Wellsleyfarms.com, and Delivery.bjs.com as well as the mobile app.

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