BJs Wholesale Club (NYSE:BJ) Price Target Increased to $40.00 by Analysts at Nomura Instinet

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.

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

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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Analyst Recommendations for BJs Wholesale Club (NYSE:BJ)

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