UBS Group Issues Pessimistic Forecast for BJ’s Wholesale Club (NYSE:BJ) Stock Price

BJ’s Wholesale Club (NYSE:BJ) had its price objective dropped by research analysts at UBS Group from $130.00 to $129.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 10.58% from the stock’s current price.

Several other equities analysts have also commented on BJ. Argus upgraded shares of BJ’s Wholesale Club to a “hold” rating in a report on Friday, April 4th. The Goldman Sachs Group raised their price target on BJ’s Wholesale Club from $102.00 to $121.00 and gave the stock a “buy” rating in a research report on Monday, March 10th. Loop Capital boosted their price objective on BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “hold” rating in a report on Friday, March 7th. Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. lifted their target price on BJ’s Wholesale Club from $109.00 to $123.00 and gave the company a “neutral” rating in a research report on Friday, May 9th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $112.06.

BJ’s Wholesale Club Price Performance

NYSE:BJ opened at $116.65 on Friday. BJ’s Wholesale Club has a 52 week low of $76.33 and a 52 week high of $121.10. The stock’s fifty day moving average is $113.95 and its two-hundred day moving average is $102.75. The company has a market capitalization of $15.36 billion, a P/E ratio of 28.04, a P/E/G ratio of 4.50 and a beta of 0.59. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. Equities analysts expect that BJ’s Wholesale Club will post 3.96 EPS for the current year.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, SVP Joseph Mcgrail sold 2,100 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total value of $251,454.00. Following the transaction, the senior vice president now owns 14,240 shares in the company, valued at approximately $1,705,097.60. This represents a 12.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert W. Eddy sold 280,400 shares of the firm’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $114.31, for a total value of $32,052,524.00. Following the sale, the chief executive officer now directly owns 422,033 shares in the company, valued at $48,242,592.23. This trade represents a 39.92% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 328,505 shares of company stock valued at $37,452,686. Insiders own 2.00% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

Institutional investors have recently modified their holdings of the stock. Dean Capital Management grew its position in shares of BJ’s Wholesale Club by 2.2% in the 1st quarter. Dean Capital Management now owns 19,266 shares of the company’s stock valued at $2,198,000 after buying an additional 421 shares during the last quarter. United Services Automobile Association purchased a new position in shares of BJ’s Wholesale Club during the first quarter worth about $951,000. Sciencast Management LP purchased a new position in shares of BJ’s Wholesale Club during the first quarter worth about $872,000. Teza Capital Management LLC acquired a new stake in shares of BJ’s Wholesale Club during the first quarter worth about $660,000. Finally, Select Equity Group L.P. lifted its holdings in shares of BJ’s Wholesale Club by 1,230.1% in the 1st quarter. Select Equity Group L.P. now owns 1,739,337 shares of the company’s stock valued at $198,458,000 after purchasing an additional 1,608,571 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Company Profile

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.