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.
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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