BJ’s Wholesale Club (NYSE:BJ) Price Target Cut to $64.00

BJ’s Wholesale Club (NYSE:BJ) had its target price decreased by Evercore ISI from $68.00 to $64.00 in a report released on Monday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

A number of other analysts also recently issued reports on the stock. UBS Group reduced their price target on shares of BJ’s Wholesale Club from $83.00 to $81.00 and set a buy rating on the stock in a report on Wednesday, August 23rd. TD Cowen assumed coverage on shares of BJ’s Wholesale Club in a report on Thursday, September 14th. They issued an outperform rating and a $80.00 price target on the stock. Bank of America dropped their price objective on shares of BJ’s Wholesale Club from $85.00 to $80.00 and set a buy rating for the company in a research note on Wednesday, August 23rd. Deutsche Bank Aktiengesellschaft cut shares of BJ’s Wholesale Club from a buy rating to a hold rating and dropped their price objective for the stock from $79.00 to $71.00 in a research note on Monday, November 6th. Finally, Loop Capital dropped their price objective on shares of BJ’s Wholesale Club from $85.00 to $80.00 and set a buy rating for the company in a research note on Wednesday, August 23rd. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, BJ’s Wholesale Club presently has an average rating of Hold and a consensus price target of $71.31.

BJ’s Wholesale Club Stock Down 1.2 %

Shares of BJ stock opened at $63.59 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.71 and a quick ratio of 0.12. The company has a market capitalization of $8.50 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 3.16 and a beta of 0.37. The company’s fifty day moving average price is $69.68 and its 200-day moving average price is $67.06. BJ’s Wholesale Club has a one year low of $60.33 and a one year high of $78.88.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Friday, November 17th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. The company had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.90 billion. BJ’s Wholesale Club had a net margin of 2.61% and a return on equity of 47.80%. BJ’s Wholesale Club’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS. Sell-side analysts expect that BJ’s Wholesale Club will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling

In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 33,934 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $68.88, for a total value of $2,337,373.92. Following the completion of the sale, the executive vice president now directly owns 80,882 shares of the company’s stock, valued at approximately $5,571,152.16. The transaction was disclosed in a filing with the SEC, which is available through this link. In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 33,934 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $68.88, for a total value of $2,337,373.92. Following the completion of the sale, the executive vice president now directly owns 80,882 shares of the company’s stock, valued at approximately $5,571,152.16. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Laura L. Felice sold 46,586 shares of the business’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $70.54, for a total transaction of $3,286,176.44. Following the completion of the sale, the chief financial officer now directly owns 70,340 shares of the company’s stock, valued at $4,961,783.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 118,653 shares of company stock valued at $8,306,084. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On BJ’s Wholesale Club

Large investors have recently modified their holdings of the business. Ameritas Advisory Services LLC bought a new stake in shares of BJ’s Wholesale Club in the 1st quarter valued at about $25,000. Parkside Financial Bank & Trust raised its holdings in shares of BJ’s Wholesale Club by 1,364.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 366 shares of the company’s stock valued at $28,000 after purchasing an additional 341 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of BJ’s Wholesale Club in the 1st quarter valued at about $35,000. Global Retirement Partners LLC raised its holdings in shares of BJ’s Wholesale Club by 45.3% in the 3rd quarter. Global Retirement Partners LLC now owns 491 shares of the company’s stock valued at $34,000 after purchasing an additional 153 shares in the last quarter. Finally, ST Germain D J Co. Inc. bought a new stake in shares of BJ’s Wholesale Club in the 2nd quarter valued at about $37,000. Institutional investors own 98.60% of the company’s stock.

About BJ’s Wholesale Club

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