BJ’s Wholesale Club (NYSE:BJ – Get Rating) had its price target cut by Morgan Stanley from $77.00 to $72.00 in a research note published on Wednesday morning, The Fly reports.
A number of other research firms have also recently weighed in on BJ. Robert W. Baird lowered their target price on shares of BJ’s Wholesale Club from $90.00 to $80.00 in a research note on Wednesday. Bank of America lowered their target price on shares of BJ’s Wholesale Club from $87.00 to $85.00 in a research note on Tuesday. Barclays upped their target price on shares of BJ’s Wholesale Club from $24.00 to $25.00 in a research note on Tuesday, February 21st. Deutsche Bank Aktiengesellschaft upped their target price on shares of BJ’s Wholesale Club from $89.00 to $93.00 in a research note on Friday, March 10th. Finally, Credit Suisse Group upped their price objective on shares of BJ’s Wholesale Club from $75.00 to $80.00 and gave the stock a neutral rating in a research note on Friday, March 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and an average price target of $74.25.
BJ’s Wholesale Club Stock Performance
NYSE:BJ opened at $63.52 on Wednesday. The firm’s 50-day moving average is $74.26 and its 200-day moving average is $72.64. BJ’s Wholesale Club has a 52-week low of $53.86 and a 52-week high of $80.41. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.13 and a current ratio of 0.67. The company has a market cap of $8.51 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.90 and a beta of 0.48.
Insider Transactions at BJ’s Wholesale Club
In other news, EVP Jeff Desroches sold 7,059 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $77.09, for a total transaction of $544,178.31. Following the transaction, the executive vice president now directly owns 84,822 shares in the company, valued at $6,538,927.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by company insiders.
Hedge Funds Weigh In On BJ’s Wholesale Club
Large investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC acquired a new position in BJ’s Wholesale Club in the first quarter valued at approximately $25,000. Parkside Financial Bank & Trust raised its holdings in BJ’s Wholesale Club by 1,364.0% in the first quarter. Parkside Financial Bank & Trust now owns 366 shares of the company’s stock worth $28,000 after purchasing an additional 341 shares during the period. ST Germain D J Co. Inc. acquired a new stake in BJ’s Wholesale Club in the fourth quarter worth $26,000. CoreCap Advisors LLC acquired a new stake in BJ’s Wholesale Club in the fourth quarter worth $30,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in BJ’s Wholesale Club in the first quarter worth $35,000. 93.72% of the stock is currently owned by institutional investors and hedge funds.
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.
- Get a free copy of the StockNews.com research report on BJ’s Wholesale Club (BJ)
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