Robert W. Baird Boosts BJ’s Wholesale Club (NYSE:BJ) Price Target to $95.00

BJ’s Wholesale Club (NYSE:BJ) had its price target boosted by research analysts at Robert W. Baird from $90.00 to $95.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 14.27% from the stock’s current price.

Several other equities analysts have also recently weighed in on the stock. Evercore ISI lifted their price objective on shares of BJ’s Wholesale Club from $76.00 to $78.00 and gave the stock an “in-line” rating in a research report on Tuesday, May 14th. Gordon Haskett raised shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an “underweight” rating in a research note on Friday, March 1st. Loop Capital reaffirmed a “hold” rating and issued a $80.00 price objective (down previously from $85.00) on shares of BJ’s Wholesale Club in a research note on Thursday, April 18th. Finally, The Goldman Sachs Group raised shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $81.00 to $87.00 in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, BJ’s Wholesale Club presently has a consensus rating of “Hold” and a consensus target price of $77.73.

BJ’s Wholesale Club Trading Up 3.3 %

BJ’s Wholesale Club stock opened at $83.14 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.14 and a current ratio of 0.73. The firm has a market cap of $11.04 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 3.49 and a beta of 0.27. BJ’s Wholesale Club has a 1 year low of $60.33 and a 1 year high of $85.11. The firm’s 50 day moving average price is $76.68 and its two-hundred day moving average price is $70.71.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, March 7th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.05. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.38 billion. During the same quarter in the previous year, the business posted $1.00 earnings per share. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, research analysts predict that BJ’s Wholesale Club will post 3.9 EPS for the current fiscal year.

Insider Activity at BJ’s Wholesale Club

In related news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the sale, 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 this hyperlink. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the transaction, the senior vice president now directly owns 12,905 shares in the company, valued at $998,459.85. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Monica Schwartz sold 13,578 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 13,545 shares in the company, valued at $1,067,481.45. The disclosure for this sale can be found here. Insiders have sold a total of 98,840 shares of company stock valued at $7,408,605 over the last quarter. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

Large investors have recently modified their holdings of the stock. Rise Advisors LLC acquired a new position in BJ’s Wholesale Club in the first quarter valued at approximately $26,000. Eagle Bay Advisors LLC bought a new stake in BJ’s Wholesale Club in the fourth quarter valued at approximately $40,000. Huntington National Bank increased its stake in BJ’s Wholesale Club by 159.9% in the third quarter. Huntington National Bank now owns 668 shares of the company’s stock valued at $48,000 after purchasing an additional 411 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of BJ’s Wholesale Club by 36.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,126 shares of the company’s stock worth $75,000 after acquiring an additional 302 shares in the last quarter. Finally, Anchor Investment Management LLC bought a new stake in shares of BJ’s Wholesale Club during the fourth quarter worth $78,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Company Profile

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.