BJ’s Wholesale Club (NYSE:BJ) Hits New 52-Week High at $88.95

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $88.95 and last traded at $88.11, with a volume of 62795 shares traded. The stock had previously closed at $88.07.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Gordon Haskett raised shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Thursday, May 23rd. TD Cowen boosted their price target on shares of BJ’s Wholesale Club from $93.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Loop Capital reiterated a “hold” rating and issued a $80.00 price objective (down previously from $85.00) on shares of BJ’s Wholesale Club in a research report on Thursday, April 18th. UBS Group upped their target price on BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Finally, JPMorgan Chase & Co. raised their price target on BJ’s Wholesale Club from $70.00 to $74.00 and gave the company an “underweight” rating in a report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $81.88.

View Our Latest Research Report on BJ

BJ’s Wholesale Club Stock Performance

The business has a 50 day moving average price of $78.35 and a two-hundred day moving average price of $71.78. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.14 and a current ratio of 0.74. The company has a market cap of $11.49 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 3.13 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJGet Free Report) last released its quarterly earnings data on Thursday, May 23rd. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The firm had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, sell-side analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.91 earnings per share for the current year.

Insider Activity

In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $76.70, for a total transaction of $843,700.00. Following the transaction, the chief executive officer now owns 500,792 shares in the company, valued at approximately $38,410,746.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Christopher J. Baldwin sold 73,062 shares of BJ’s Wholesale Club stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $73.95, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $76.70, for a total transaction of $843,700.00. Following the completion of the transaction, the chief executive officer now directly owns 500,792 shares of the company’s stock, valued at $38,410,746.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 112,746 shares of company stock valued at $8,607,203. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Rise Advisors LLC bought a new stake in shares of BJ’s Wholesale Club during the first quarter valued at approximately $26,000. Eagle Bay Advisors LLC bought a new stake in shares of BJ’s Wholesale Club during the 4th quarter valued at $40,000. Huntington National Bank grew its position in shares of BJ’s Wholesale Club by 159.9% in the 3rd quarter. Huntington National Bank now owns 668 shares of the company’s stock worth $48,000 after buying an additional 411 shares during the period. First Horizon Advisors Inc. increased its stake in shares of BJ’s Wholesale Club by 36.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,126 shares of the company’s stock worth $75,000 after acquiring an additional 302 shares in the last quarter. Finally, Anchor Investment Management LLC purchased a new position in BJ’s Wholesale Club during the 4th quarter valued at about $78,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Company Profile

(Get Free Report)

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.

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