TD Cowen Raises BJ’s Wholesale Club (NYSE:BJ) Price Target to $95.00

BJ’s Wholesale Club (NYSE:BJ) had its price objective raised by TD Cowen from $93.00 to $95.00 in a research note issued to investors on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also issued reports on BJ. DA Davidson boosted their price target on shares of BJ’s Wholesale Club from $92.00 to $95.00 and gave the stock a buy rating in a research note on Friday. Evercore ISI upped their target price on shares of BJ’s Wholesale Club from $80.00 to $86.00 and gave the stock an in-line rating in a research report on Friday. The Goldman Sachs Group upgraded shares of BJ’s Wholesale Club from a neutral rating to a buy rating and upped their target price for the stock from $81.00 to $87.00 in a research report on Monday, April 8th. Bank of America upped their target price on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock a buy rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price target on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an underweight rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, BJ’s Wholesale Club currently has an average rating of Hold and a consensus target price of $81.18.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ opened at $88.14 on Friday. BJ’s Wholesale Club has a one year low of $60.33 and a one year high of $88.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.14 and a current ratio of 0.74. The company has a 50-day simple moving average of $76.94 and a 200-day simple moving average of $70.86. The stock has a market capitalization of $11.71 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 3.82 and a beta of 0.27.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, May 23rd. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The business had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period in the previous year, the business posted $0.85 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. On average, analysts predict that BJ’s Wholesale Club will post 3.89 EPS for the current year.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the transaction, the senior vice president now owns 12,905 shares of the company’s stock, valued at $998,459.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other BJ’s Wholesale Club news, EVP Monica Schwartz sold 13,578 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $78.81, for a total transaction of $1,070,082.18. Following the transaction, the executive vice president now owns 13,545 shares of the company’s stock, valued at $1,067,481.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the transaction, the senior vice president now directly owns 12,905 shares in the company, valued at approximately $998,459.85. The disclosure for this sale can be found here. Insiders have sold a total of 98,640 shares of company stock valued at $7,394,087 over the last quarter. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

A number of hedge funds have recently made changes to their positions in BJ. Rise Advisors LLC purchased a new position in shares of BJ’s Wholesale Club in the 1st quarter valued at $26,000. Eagle Bay Advisors LLC purchased a new position in shares of BJ’s Wholesale Club in the 4th quarter valued at $40,000. Huntington National Bank raised its stake in shares of BJ’s Wholesale Club by 159.9% in the 3rd quarter. Huntington National Bank now owns 668 shares of the company’s stock valued at $48,000 after acquiring an additional 411 shares during the period. First Horizon Advisors Inc. raised its stake in shares of BJ’s Wholesale Club by 36.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,126 shares of the company’s stock valued at $75,000 after acquiring an additional 302 shares during the period. Finally, Anchor Investment Management LLC purchased a new position in shares of BJ’s Wholesale Club in the 4th quarter valued at $78,000. Hedge funds and other institutional investors 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.