Analysts Set BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) PT at $108.71

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has earned a consensus rating of “Moderate Buy” from the eighteen research firms that are covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $108.71.

BJ has been the subject of a number of recent analyst reports. DA Davidson increased their price target on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, March 7th. UBS Group increased their price target on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Barclays raised their target price on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th. Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. Finally, Roth Mkm raised their price target on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th.

BJ’s Wholesale Club Stock Up 2.9 %

BJ’s Wholesale Club stock opened at $112.20 on Thursday. The company has a market cap of $14.82 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. BJ’s Wholesale Club has a 1-year low of $71.81 and a 1-year high of $118.40. The company has a fifty day simple moving average of $101.93 and a 200 day simple moving average of $92.90. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23.

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

Institutional Investors Weigh In On BJ’s Wholesale Club

Institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd lifted its holdings in shares of BJ’s Wholesale Club by 66.5% in the fourth quarter. Covestor Ltd now owns 288 shares of the company’s stock worth $26,000 after buying an additional 115 shares in the last quarter. Tortoise Investment Management LLC lifted its holdings in shares of BJ’s Wholesale Club by 78.7% in the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock worth $47,000 after buying an additional 233 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in shares of BJ’s Wholesale Club by 652.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company’s stock worth $47,000 after purchasing an additional 457 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of BJ’s Wholesale Club in the third quarter worth approximately $55,000. Finally, UMB Bank n.a. increased its position in shares of BJ’s Wholesale Club by 68.2% in the fourth quarter. UMB Bank n.a. now owns 624 shares of the company’s stock worth $56,000 after purchasing an additional 253 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

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.