BJs Wholesale Club (NYSE:BJ) had its price target hoisted by Nomura Instinet from $33.00 to $40.00 in a report issued on Friday morning, BenzingaRatingsTable reports. They currently have a buy rating on the stock.
Other equities analysts have also recently issued research reports about the stock. Deutsche Bank raised their target price on shares of BJs Wholesale Club from $29.00 to $39.00 and gave the company a buy rating in a research note on Friday. Oppenheimer started coverage on shares of BJs Wholesale Club in a research note on Monday, May 18th. They set a hold rating on the stock. Morgan Stanley upped their target price 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. Nomura lifted their price target on BJs Wholesale Club from $33.00 to $40.00 and gave the company a buy rating in a research report on Friday. Finally, Goldman Sachs Group upped their price objective on BJs Wholesale Club from $26.00 to $38.00 and gave the company a buy rating in a report on Friday. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. BJs Wholesale Club currently has a consensus rating of Buy and a consensus target price of $35.32.
BJ stock traded up $1.84 on Friday, reaching $37.09. The company’s stock had a trading volume of 15,189,310 shares, compared to its average volume of 3,487,651. BJs Wholesale Club has a 52 week low of $18.84 and a 52 week high of $38.35. The company has a debt-to-equity ratio of 103.12, a current ratio of 0.81 and a quick ratio of 0.15. The company has a market capitalization 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 firm has a fifty day moving average of $27.20 and a two-hundred day moving average of $24.20.
In other news, Director Christopher J. Baldwin sold 300,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now owns 649,897 shares of the company’s stock, valued at $16,331,911.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Rafeh Masood sold 15,619 shares of BJs Wholesale Club stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $27.05, for a total value of $422,493.95. Following the transaction, the senior vice president now owns 84,258 shares in the company, valued at approximately $2,279,178.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 684,825 shares of company stock valued at $17,994,575. Corporate insiders own 4.20% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of BJs Wholesale Club by 32.6% during the 1st quarter. JPMorgan Chase & Co. now owns 6,261,647 shares of the company’s stock valued at $159,484,000 after buying an additional 1,539,182 shares during the period. Norges Bank acquired a new stake in shares of BJs Wholesale Club in the 4th quarter valued at $32,638,000. State Street Corp boosted its holdings in 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 increased its position 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 buying an additional 1,229,962 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of BJs Wholesale Club in the fourth quarter worth about $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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