BJ’s Wholesale Club (NYSE:BJ) PT Lowered to $78.00

BJ’s Wholesale Club (NYSE:BJ) had its price target decreased by Evercore ISI from $79.00 to $78.00 in a research report report published on Tuesday, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

A number of other research firms also recently issued reports on BJ. Gordon Haskett downgraded BJ’s Wholesale Club from a buy rating to a hold rating and set a $70.00 price target for the company. in a research note on Wednesday, February 7th. JPMorgan Chase & Co. lifted their price target on BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an underweight rating in a research note on Friday, March 1st. Wells Fargo & Company reiterated an equal weight rating and set a $70.00 price target (down previously from $73.00) on shares of BJ’s Wholesale Club in a research note on Thursday, January 4th. Finally, The Goldman Sachs Group upgraded BJ’s Wholesale Club from a neutral rating to a buy rating and lifted their price target for the company from $81.00 to $87.00 in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $74.40.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $76.25 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.14. The stock has a 50-day moving average of $73.47 and a 200-day moving average of $69.30. The company has a market cap of $10.14 billion, a PE ratio of 19.70, a P/E/G ratio of 3.33 and a beta of 0.26. BJ’s Wholesale Club has a one year low of $60.33 and a one year high of $80.42.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, March 7th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.06 by $0.05. The company had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.38 billion. BJ’s Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the business posted $1.00 EPS. On average, equities research analysts predict that BJ’s Wholesale Club will post 3.91 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Monica Schwartz sold 13,578 shares of BJ’s Wholesale Club stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $78.81, for a total value of $1,070,082.18. Following the sale, the executive vice president now owns 13,545 shares of the company’s stock, valued at approximately $1,067,481.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Christopher J. Baldwin sold 73,062 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $73.95, for a total value of $5,402,934.90. Following the sale, the director now owns 173,294 shares of the company’s stock, valued at approximately $12,815,091.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Monica Schwartz sold 13,578 shares of BJ’s Wholesale Club stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $78.81, for a total transaction of $1,070,082.18. Following the completion of the sale, the executive vice president now directly owns 13,545 shares in the company, valued at approximately $1,067,481.45. The disclosure for this sale can be found here. Insiders have sold a total of 97,840 shares of company stock valued at $7,331,235 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BJ’s Wholesale Club

Hedge funds have recently modified their holdings of the stock. Rise Advisors LLC bought a new stake in BJ’s Wholesale Club during the 1st quarter valued at $26,000. Global Retirement Partners LLC raised its holdings in BJ’s Wholesale Club by 45.3% during the 3rd quarter. Global Retirement Partners LLC now owns 491 shares of the company’s stock valued at $34,000 after acquiring an additional 153 shares during the period. Eagle Bay Advisors LLC bought a new stake in BJ’s Wholesale Club during the 4th quarter valued at $40,000. Fortis Capital Advisors LLC bought a new stake in BJ’s Wholesale Club during the 4th quarter valued at $46,000. Finally, Huntington National Bank raised its holdings in BJ’s Wholesale Club by 159.9% during the 3rd quarter. Huntington National Bank now owns 668 shares of the company’s stock valued at $48,000 after acquiring an additional 411 shares during the period. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Company Profile

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