BJs Wholesale Club (NYSE:BJ) had its target price hoisted by Credit Suisse Group from $31.00 to $38.00 in a report released on Friday morning, BenzingaRatingsTable reports. The brokerage currently has an outperform rating on the stock.
A number of other equities research analysts also recently weighed in on the stock. Wolfe Research raised shares of BJs Wholesale Club to a buy rating in a research note on Tuesday, March 24th. Nomura Instinet increased their price target on BJs Wholesale Club from $33.00 to $40.00 and gave the company a buy rating in a research note on Friday. UBS Group raised their price target on BJs Wholesale Club from $31.00 to $40.00 and gave the stock a buy rating in a research report on Friday. Nomura upped their price objective on BJs Wholesale Club from $33.00 to $40.00 and gave the company a buy rating in a report on Friday. Finally, Wells Fargo & Co raised their target price on BJs Wholesale Club from $31.00 to $33.00 and gave the stock an overweight rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of Buy and an average target price of $35.32.
Shares of BJ stock traded up $1.84 on Friday, reaching $37.09. 15,189,310 shares of the stock were exchanged, compared to its average volume of 3,487,651. The company has a debt-to-equity ratio of 103.12, a current ratio of 0.81 and a quick ratio of 0.15. BJs Wholesale Club has a one year low of $18.84 and a one year high of $38.35. The stock has a market cap of $4.88 billion, a PE ratio of 20.84, a P/E/G ratio of 1.86 and a beta of 0.17. The stock has a 50 day moving average price of $27.20 and a 200 day moving average price of $24.20.
In related news, Director Christopher J. Baldwin sold 1,000 shares of the company’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $27.00, for a total value of $27,000.00. Following the completion of the transaction, 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 SEC, which is available through the SEC website. Also, Director Christopher J. Baldwin sold 300,000 shares of the stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $25.13, for a total value of $7,539,000.00. Following the transaction, the director now owns 649,897 shares of the company’s stock, valued at approximately $16,331,911.61. The disclosure for this sale can be found here. Insiders have sold 684,825 shares of company stock valued at $17,994,575 in the last three months. 4.20% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of BJ. JPMorgan Chase & Co. lifted its stake in BJs Wholesale Club by 32.6% in the 1st quarter. JPMorgan Chase & Co. now owns 6,261,647 shares of the company’s stock valued at $159,484,000 after acquiring an additional 1,539,182 shares in the last quarter. Norges Bank acquired a new stake in shares of BJs Wholesale Club in the fourth quarter valued at approximately $32,638,000. State Street Corp lifted its position in shares of BJs Wholesale Club by 51.4% in the fourth quarter. State Street Corp now owns 3,710,734 shares of the company’s stock worth $84,382,000 after purchasing an additional 1,259,721 shares in the last quarter. River Road Asset Management LLC boosted its holdings in BJs Wholesale Club by 93.7% during the fourth quarter. River Road Asset Management LLC now owns 2,542,691 shares of the company’s stock worth $57,821,000 after purchasing an additional 1,229,962 shares during the last quarter. Finally, Franklin Resources Inc. bought a new position in BJs Wholesale Club in the fourth quarter valued at $27,568,000.
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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