BJs Wholesale Club (NYSE:BJ) had its price target increased by research analysts at Citigroup from $30.00 to $31.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 15.33% from the stock’s current price.

A number of other equities analysts also recently commented on the company. Gordon Haskett downgraded BJs Wholesale Club from a “buy” rating to an “accumulate” rating in a report on Wednesday, July 25th. They noted that the move was a valuation call. JPMorgan Chase & Co. initiated coverage on BJs Wholesale Club in a report on Monday, July 23rd. They issued a “neutral” rating and a $30.00 price objective on the stock. Jefferies Financial Group initiated coverage on BJs Wholesale Club in a report on Monday, July 23rd. They issued a “buy” rating and a $31.00 price objective on the stock. William Blair initiated coverage on BJs Wholesale Club in a report on Monday, July 23rd. They issued an “outperform” rating on the stock. Finally, Wells Fargo & Co initiated coverage on BJs Wholesale Club in a report on Monday, July 23rd. They issued a “market perform” rating and a $26.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. BJs Wholesale Club currently has a consensus rating of “Hold” and a consensus price target of $29.00.

NYSE BJ opened at $26.88 on Wednesday. BJs Wholesale Club has a 1 year low of $20.56 and a 1 year high of $29.90.

BJs Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Tuesday, August 28th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.28 billion. BJs Wholesale Club’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 EPS. equities research analysts predict that BJs Wholesale Club will post 1.14 earnings per share for the current year.

In other news, EVP Robert W. Eddy bought 2,000 shares of BJs Wholesale Club stock in a transaction that occurred on Wednesday, June 27th. The stock was purchased at an average cost of $17.00 per share, with a total value of $34,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

A number of hedge funds have recently modified their holdings of the stock. FMR LLC acquired a new position in BJs Wholesale Club during the second quarter worth $200,102,000. Citadel Advisors LLC acquired a new position in BJs Wholesale Club during the second quarter worth $68,786,000. Putnam Investments LLC acquired a new position in BJs Wholesale Club during the second quarter worth $53,841,000. Massachusetts Financial Services Co. MA acquired a new position in BJs Wholesale Club during the second quarter worth $45,932,000. Finally, Millennium Management LLC acquired a new position in BJs Wholesale Club during the second quarter worth $37,390,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

BJs Wholesale Club Company Profile

BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.

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Analyst Recommendations for BJs Wholesale Club (NYSE:BJ)

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