BJs Wholesale Club (NYSE:BJ) Price Target Increased to $38.00 by Analysts at Credit Suisse Group

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.

BJs Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, May 21st. The company reported $0.69 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period last year, the company earned $0.26 earnings per share. The company’s revenue was up 21.1% on a year-over-year basis. On average, research analysts expect that BJs Wholesale Club will post 1.73 earnings per share for the current fiscal year.

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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Analyst Recommendations for BJs Wholesale Club (NYSE:BJ)

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