BJ’s Wholesale Club (NYSE:BJ) Reaches New 1-Year High at $80.75

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Rating) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $80.75 and last traded at $73.80, with a volume of 47585 shares. The stock had previously closed at $78.36.

Analyst Ratings Changes

BJ has been the subject of several research reports. UBS Group lifted their price objective on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BJ’s Wholesale Club from $86.00 to $90.00 in a research note on Friday, November 11th. Citigroup lifted their price objective on shares of BJ’s Wholesale Club from $81.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday. Bank of America upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $72.00 to $83.00 in a research note on Thursday, August 18th. Finally, Credit Suisse Group lifted their price objective on shares of BJ’s Wholesale Club from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.38.

BJ’s Wholesale Club Stock Performance

The business’s 50-day simple moving average is $74.90 and its two-hundred day simple moving average is $68.91. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 20.48, a P/E/G ratio of 2.35 and a beta of 0.43. The company has a quick ratio of 0.17, a current ratio of 0.73 and a debt-to-equity ratio of 0.82.

BJ’s Wholesale Club (NYSE:BJGet Rating) last issued its quarterly earnings data on Thursday, August 18th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.23. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $4.63 billion. BJ’s Wholesale Club had a net margin of 2.68% and a return on equity of 71.47%. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 earnings per share. As a group, sell-side analysts expect that BJ’s Wholesale Club Holdings, Inc. will post 3.59 earnings per share for the current fiscal year.

Insider Transactions at BJ’s Wholesale Club

In other news, EVP Scott Kessler sold 13,359 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $76.36, for a total transaction of $1,020,093.24. Following the completion of the sale, the executive vice president now owns 116,791 shares of the company’s stock, valued at $8,918,160.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

Institutional investors and hedge funds have recently modified their holdings of the stock. River & Mercantile Asset Management LLP purchased a new stake in BJ’s Wholesale Club during the 3rd quarter valued at about $2,754,000. CENTRAL TRUST Co purchased a new stake in BJ’s Wholesale Club during the 3rd quarter valued at about $70,000. Captrust Financial Advisors grew its stake in BJ’s Wholesale Club by 30.4% during the 3rd quarter. Captrust Financial Advisors now owns 4,794 shares of the company’s stock valued at $349,000 after acquiring an additional 1,118 shares in the last quarter. Fred Alger Management LLC grew its stake in BJ’s Wholesale Club by 0.7% during the 3rd quarter. Fred Alger Management LLC now owns 535,670 shares of the company’s stock valued at $39,002,000 after acquiring an additional 3,573 shares in the last quarter. Finally, United Services Automobile Association grew its stake in BJ’s Wholesale Club by 2.2% during the 3rd quarter. United Services Automobile Association now owns 14,862 shares of the company’s stock valued at $1,081,000 after acquiring an additional 317 shares in the last quarter. Hedge funds and other institutional investors own 98.26% of the company’s stock.

BJ’s Wholesale Club Company Profile

(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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