BJs Wholesale Club (NYSE:BJ) Price Target Increased to $37.00 by Analysts at Barclays

BJs Wholesale Club (NYSE:BJ) had its target price boosted by Barclays from $29.00 to $37.00 in a research report released on Friday, BenzingaRatingsTable reports. Barclays currently has an equal weight rating on the stock.

Several other analysts have also issued reports on BJ. Oppenheimer started coverage on shares of BJs Wholesale Club in a report on Monday, May 18th. They issued a hold rating on the stock. Citigroup upped their price objective on shares of BJs Wholesale Club from $26.00 to $36.00 and gave the stock a neutral rating in a report on Friday. They noted that the move was a valuation call. Wolfe Research upgraded shares of BJs Wholesale Club to a buy rating in a report on Tuesday, March 24th. Credit Suisse Group upped their price target on BJs Wholesale Club from $26.00 to $31.00 and gave the stock an outperform rating in a research note on Thursday, May 14th. Finally, JPMorgan Chase & Co. raised BJs Wholesale Club from a neutral rating to an overweight rating and lifted their price objective for the company from $28.00 to $29.00 in a research note on Friday, March 6th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. BJs Wholesale Club presently has an average rating of Buy and a consensus price target of $35.32.

Shares of BJs Wholesale Club stock traded up $1.84 during mid-day trading on Friday, hitting $37.09. The stock had a trading volume of 15,189,310 shares, compared to its average volume of 3,487,651. The firm has a 50-day moving average of $27.20 and a two-hundred day moving average of $24.20. The firm has a market cap of $4.88 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 1.86 and a beta of 0.17. The company has a quick ratio of 0.15, a current ratio of 0.81 and a debt-to-equity ratio of 103.12. BJs Wholesale Club has a 12-month low of $18.84 and a 12-month high of $38.35.

BJs Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, May 21st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.32. BJs Wholesale Club had a negative return on equity of 360.57% and a net margin of 1.78%. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the prior year, the business posted $0.26 earnings per share. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. Sell-side analysts expect that BJs Wholesale Club will post 1.73 earnings per share for the current year.

In other BJs Wholesale Club news, Director Christopher J. Baldwin sold 1,000 shares of BJs Wholesale Club stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $27.00, for a total transaction of $27,000.00. Following the completion of the sale, the director now directly owns 350,897 shares of the company’s stock, valued at approximately $9,474,219. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher J. Baldwin sold 114,528 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $27.52, for a total value of $3,151,810.56. Following the transaction, the director now directly owns 350,897 shares of the company’s stock, valued at $9,656,685.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 684,825 shares of company stock worth $17,994,575. Insiders own 4.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Rheos Capital Works Inc. acquired a new stake in BJs Wholesale Club during the fourth quarter worth approximately $3,968,000. Alyeska Investment Group L.P. purchased a new position in shares of BJs Wholesale Club in the 4th quarter valued at $1,965,000. FMR LLC raised its stake in BJs Wholesale Club by 0.4% during the 4th quarter. FMR LLC now owns 20,589,882 shares of the company’s stock worth $468,213,000 after acquiring an additional 73,980 shares in the last quarter. New York State Teachers Retirement System lifted its position in BJs Wholesale Club by 809.1% in the fourth quarter. New York State Teachers Retirement System now owns 90,000 shares of the company’s stock valued at $2,047,000 after acquiring an additional 80,100 shares during the last quarter. Finally, Norges Bank acquired a new position in BJs Wholesale Club in the fourth quarter valued at $32,638,000.

About BJs Wholesale Club

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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