BJ’s Wholesale Club (NYSE:BJ) Given New $105.00 Price Target at Jefferies Financial Group

BJ’s Wholesale Club (NYSE:BJ) had its price objective hoisted by Jefferies Financial Group from $95.00 to $105.00 in a report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also issued reports on BJ. Wells Fargo & Company boosted their target price on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday. Melius Research started coverage on shares of BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target for the company. JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $76.00 to $78.00 in a research note on Monday, August 26th. Roth Mkm upped their price target on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Finally, Bank of America reduced their price target on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $88.94.

BJ’s Wholesale Club Stock Performance

Shares of NYSE BJ traded up $0.30 during midday trading on Friday, hitting $87.27. The company’s stock had a trading volume of 1,112,990 shares, compared to its average volume of 1,465,049. BJ’s Wholesale Club has a 1-year low of $63.08 and a 1-year high of $92.37. The firm’s fifty day moving average price is $84.80 and its 200-day moving average price is $84.84. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. The firm has a market cap of $11.57 billion, a P/E ratio of 22.03, a P/E/G ratio of 3.23 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.00 by $0.09. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 EPS. On average, sell-side analysts forecast that BJ’s Wholesale Club will post 3.82 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the sale, the chief executive officer now owns 423,792 shares in the company, valued at $36,221,502.24. The trade was a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the sale, the senior vice president now owns 13,566 shares in the company, valued at $1,133,710.62. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock worth $2,818,390 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. bought a new stake in BJ’s Wholesale Club in the second quarter worth approximately $25,000. Davis Capital Management bought a new stake in BJ’s Wholesale Club in the third quarter worth approximately $25,000. UMB Bank n.a. grew its position in BJ’s Wholesale Club by 375.6% in the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after acquiring an additional 293 shares in the last quarter. Reston Wealth Management LLC bought a new stake in BJ’s Wholesale Club in the third quarter worth approximately $41,000. Finally, J.Safra Asset Management Corp bought a new stake in BJ’s Wholesale Club in the second quarter worth approximately $45,000. Institutional investors and hedge funds 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 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.