TD Cowen Issues Positive Forecast for BJ’s Wholesale Club (NYSE:BJ) Stock Price

BJ’s Wholesale Club (NYSE:BJFree Report) had its price objective upped by TD Cowen from $95.00 to $110.00 in a research note issued to investors on Friday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Several other analysts have also issued reports on the stock. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $76.00 to $78.00 in a research report on Monday, August 26th. Wells Fargo & Company raised their price target on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Morgan Stanley raised their price objective on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Friday. Bank of America reduced their price objective on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Finally, Roth Mkm raised their price objective on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $92.50.

Check Out Our Latest Stock Report on BJ’s Wholesale Club

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $96.75 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. The firm has a market capitalization of $12.83 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 4.19 and a beta of 0.24. The company’s fifty day moving average is $85.83 and its two-hundred day moving average is $85.34. BJ’s Wholesale Club has a 52-week low of $63.73 and a 52-week high of $97.53.

BJ’s Wholesale Club (NYSE:BJGet Free Report) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. The company had revenue of $5.21 billion for 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 business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. Equities research analysts forecast that BJ’s Wholesale Club will post 3.84 EPS for the current year.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the completion of the transaction, the chief executive officer now directly owns 445,792 shares of the company’s stock, valued at approximately $35,395,884.80. The trade was a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the transaction, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,000 shares of company stock valued at $2,818,390 in the last ninety days. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

A number of institutional investors have recently modified their holdings of BJ. Blue Trust Inc. bought a new position in shares of BJ’s Wholesale Club in the second quarter worth about $25,000. Davis Capital Management bought a new position in shares of BJ’s Wholesale Club in the third quarter worth about $25,000. UMB Bank n.a. raised its stake in shares of 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 during the last quarter. Reston Wealth Management LLC bought a new position in shares of BJ’s Wholesale Club in the third quarter worth about $41,000. Finally, J.Safra Asset Management Corp bought a new position in shares of BJ’s Wholesale Club in the second quarter worth about $45,000. 98.60% of the stock is owned by institutional investors.

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.

Further Reading

Analyst Recommendations for BJ's Wholesale Club (NYSE:BJ)

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