BJ’s Wholesale Club (NYSE:BJ) Price Target Increased to $75.00 by Analysts at Roth Mkm

BJ’s Wholesale Club (NYSE:BJ) had its price objective hoisted by Roth Mkm from $68.00 to $75.00 in a research note released on Friday, Benzinga reports. Roth Mkm currently has a neutral rating on the stock.

BJ has been the topic of a number of other reports. Loop Capital lifted their price target on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a hold rating in a research report on Thursday, July 11th. TD Cowen raised their price target on BJ’s Wholesale Club from $93.00 to $95.00 and gave the stock a buy rating in a research report on Friday, May 24th. Barclays lifted their price objective on BJ’s Wholesale Club from $72.00 to $80.00 and gave the company an equal weight rating in a report on Friday, May 24th. UBS Group raised their target price on shares of BJ’s Wholesale Club from $89.00 to $97.00 and gave the stock a buy rating in a report on Friday, May 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of BJ’s Wholesale Club from $74.00 to $76.00 and gave the company an underweight rating in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and an average price target of $85.93.

BJ’s Wholesale Club Stock Up 1.4 %

Shares of NYSE BJ opened at $82.78 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $10.99 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 3.12 and a beta of 0.23. The firm’s 50-day moving average is $87.60 and its 200-day moving average is $80.37. BJ’s Wholesale Club has a 1 year low of $63.08 and a 1 year high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a return on equity of 37.78% and a net margin of 2.59%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. Equities analysts expect that BJ’s Wholesale Club will post 3.91 EPS for the current year.

Insider Buying and Selling

In other news, EVP Graham Luce sold 16,596 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the completion of the sale, the executive vice president now owns 14,131 shares in the company, valued at approximately $1,288,040.65. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Jeff Desroches sold 28,842 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $89.86, for a total value of $2,591,742.12. Following the completion of the sale, the executive vice president now owns 58,452 shares of the company’s stock, valued at $5,252,496.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Graham Luce sold 16,596 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the completion of the sale, the executive vice president now owns 14,131 shares of the company’s stock, valued at approximately $1,288,040.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,544 shares of company stock valued at $7,237,084. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BJ. Blue Trust Inc. bought a new position in BJ’s Wholesale Club during the 2nd quarter worth $25,000. Rise Advisors LLC bought a new position in shares of BJ’s Wholesale Club in the first quarter worth $26,000. J.Safra Asset Management Corp acquired a new position in BJ’s Wholesale Club in the second quarter valued at about $45,000. Eagle Bay Advisors LLC bought a new stake in BJ’s Wholesale Club during the fourth quarter worth about $40,000. Finally, Benjamin Edwards Inc. lifted its position in BJ’s Wholesale Club by 394.5% during the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock worth $55,000 after purchasing an additional 501 shares during the period. 98.60% of the stock is owned by institutional investors.

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 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.