BJ’s Wholesale Club (NYSE:BJ) Price Target Cut to $72.00 by Analysts at Morgan Stanley

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.

BJ’s Wholesale Club (NYSE:BJ – Get Rating) last posted its quarterly earnings data on Tuesday, May 23rd. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.01. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.81 billion. BJ’s Wholesale Club had a net margin of 2.66% and a return on equity of 60.16%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 EPS. Equities research analysts anticipate that BJ’s Wholesale Club will post 3.94 earnings per share for the current year.

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

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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.