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

BJs Wholesale Club (NYSE:BJ) had its price target lifted by Goldman Sachs Group from $26.00 to $38.00 in a report issued on Friday, The Fly reports. They currently have a buy rating on the stock.

A number of other analysts have also recently commented on BJ. Citigroup boosted their target price on shares of BJs Wholesale Club from $26.00 to $36.00 and gave the company a neutral rating in a report on Friday. They noted that the move was a valuation call. Nomura Securities boosted their price objective on shares of BJs Wholesale Club from $27.00 to $33.00 and gave the stock a buy rating in a research note on Thursday, March 19th. Zacks Investment Research upgraded shares of BJs Wholesale Club from a hold rating to a buy rating and set a $29.00 price objective on the stock in a report on Wednesday, April 22nd. Robert W. Baird lowered their target price on shares of BJs Wholesale Club from $30.00 to $28.00 and set an outperform rating for the company in a report on Friday, March 6th. Finally, Morgan Stanley boosted their price target on BJs Wholesale Club from $26.00 to $28.00 and gave the stock an equal weight rating in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $35.32.

BJs Wholesale Club stock traded up $1.84 during trading hours on Friday, hitting $37.09. 15,189,310 shares of the stock traded hands, compared to its average volume of 3,487,651. The firm’s 50-day moving average price is $27.20 and its two-hundred day moving average price is $24.20. The company has a current ratio of 0.81, a quick ratio of 0.15 and a debt-to-equity ratio of 103.12. The company has a market cap of $4.88 billion, a PE ratio of 20.84, a PEG ratio of 1.86 and a beta of 0.17. BJs Wholesale Club has a one year low of $18.84 and a one year high of $38.35.

BJs Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, May 21st. The company reported $0.69 EPS for the quarter, beating 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 company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.33 billion. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. On average, sell-side analysts expect that BJs Wholesale Club will post 1.73 earnings per share for the current fiscal year.

In other news, Director Christopher J. Baldwin sold 300,000 shares of BJs Wholesale Club stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $25.13, for a total value of $7,539,000.00. Following the completion of the sale, the director now directly owns 649,897 shares in the company, valued at $16,331,911.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Rafeh Masood sold 15,619 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $27.05, for a total transaction of $422,493.95. Following the transaction, the senior vice president now directly owns 84,258 shares of the company’s stock, valued at $2,279,178.90. The disclosure for this sale can be found here. Insiders have sold 684,825 shares of company stock worth $17,994,575 over the last ninety days. 4.20% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in shares of BJs Wholesale Club by 3.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 242,777 shares of the company’s stock worth $6,184,000 after buying an additional 7,259 shares during the last quarter. FDx Advisors Inc. bought a new position in BJs Wholesale Club in the first quarter valued at about $501,000. Fred Alger Management LLC boosted its position in BJs Wholesale Club by 7.6% in the first quarter. Fred Alger Management LLC now owns 217,491 shares of the company’s stock worth $5,539,000 after purchasing an additional 15,383 shares during the last quarter. Advisor Group Holdings Inc. purchased a new position in BJs Wholesale Club in the first quarter worth about $334,000. Finally, Squarepoint Ops LLC bought a new stake in shares of BJs Wholesale Club during the 1st quarter valued at about $2,570,000.

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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