BJs Wholesale Club (NYSE:BJ) PT Raised to $36.00 at Citigroup

BJs Wholesale Club (NYSE:BJ) had its target price raised by Citigroup from $26.00 to $36.00 in a report issued on Friday, The Fly reports. The brokerage currently has a neutral rating on the stock. The analysts noted that the move was a valuation call.

Several other research firms also recently weighed in on BJ. Bank of America boosted their target price on shares of BJs Wholesale Club from $33.00 to $38.00 and gave the stock a buy rating in a research report on Wednesday, May 13th. Credit Suisse Group boosted their price objective on BJs Wholesale Club from $26.00 to $31.00 and gave the company an outperform rating in a report on Thursday, May 14th. Gordon Haskett raised BJs Wholesale Club from a hold rating to a buy rating in a report on Monday, March 16th. Morgan Stanley boosted their price target on BJs Wholesale Club from $26.00 to $28.00 and gave the company an equal weight rating in a report on Thursday, April 30th. Finally, Oppenheimer started coverage on BJs Wholesale Club in a research note on Monday, May 18th. They set a hold rating on the stock. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. BJs Wholesale Club currently has an average rating of Buy and an average price target of $35.32.

BJ stock traded up $1.84 during midday trading on Friday, hitting $37.09. 15,189,310 shares of the company’s stock were exchanged, compared to its average volume of 3,487,651. The firm has a 50 day moving average price of $27.20 and a 200-day moving average price of $24.20. BJs Wholesale Club has a 12-month low of $18.84 and a 12-month high of $38.35. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 1.86 and a beta of 0.17. The company has a current ratio of 0.81, a quick ratio of 0.15 and a debt-to-equity ratio of 103.12.

BJs Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, May 21st. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.32. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.33 billion. BJs Wholesale Club had a net margin of 1.78% and a negative return on equity of 360.57%. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 earnings per share. On average, sell-side analysts forecast that BJs Wholesale Club will post 1.73 EPS for the current fiscal year.

In other BJs Wholesale Club news, Director Christopher J. Baldwin sold 114,528 shares of the business’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $27.52, for a total transaction of $3,151,810.56. Following the completion of the transaction, the director now owns 350,897 shares in the company, valued at approximately $9,656,685.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Graham Luce sold 1,200 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $30.76, for a total value of $36,912.00. Following the completion of the transaction, the senior vice president now directly owns 57,362 shares of the company’s stock, valued at approximately $1,764,455.12. The disclosure for this sale can be found here. Insiders have sold a total of 684,825 shares of company stock valued at $17,994,575 over the last three months. 4.20% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Rheos Capital Works Inc. bought a new position in BJs Wholesale Club in the 4th quarter valued at about $3,968,000. Alyeska Investment Group L.P. acquired a new stake in shares of BJs Wholesale Club in the 4th quarter worth approximately $1,965,000. FMR LLC boosted its holdings in shares of BJs Wholesale Club by 0.4% in the fourth quarter. FMR LLC now owns 20,589,882 shares of the company’s stock valued at $468,213,000 after acquiring an additional 73,980 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of BJs Wholesale Club by 809.1% during the fourth quarter. New York State Teachers Retirement System now owns 90,000 shares of the company’s stock valued at $2,047,000 after acquiring an additional 80,100 shares during the period. Finally, Norges Bank bought a new stake in BJs Wholesale Club during the fourth quarter worth approximately $32,638,000.

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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