BJ’s Wholesale Club (NYSE:BJ) Hits New 1-Year High – What’s Next?

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $101.44 and last traded at $101.60, with a volume of 320168 shares trading hands. The stock had previously closed at $99.62.

Analysts Set New Price Targets

A number of brokerages have commented on BJ. Roth Mkm boosted their price objective on BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. UBS Group upped their price target on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Wells Fargo & Company upped their target price on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Citigroup increased their target price on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Finally, TD Cowen boosted their price target on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.00.

BJ’s Wholesale Club Stock Performance

The business has a 50 day moving average of $95.17 and a 200-day moving average of $88.67. The company has a market capitalization of $13.58 billion, a P/E ratio of 24.67, a price-to-earnings-growth ratio of 4.66 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.29. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.12 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. On average, sell-side analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.95 EPS for the current fiscal year.

Institutional Trading of BJ’s Wholesale Club

Several institutional investors and hedge funds have recently bought and sold shares of BJ. FMR LLC grew its holdings in shares of BJ’s Wholesale Club by 7.2% during the third quarter. FMR LLC now owns 14,357,118 shares of the company’s stock worth $1,184,175,000 after purchasing an additional 966,528 shares in the last quarter. Victory Capital Management Inc. grew its stake in BJ’s Wholesale Club by 3.5% in the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after buying an additional 217,385 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of BJ’s Wholesale Club by 7.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company’s stock worth $408,926,000 after buying an additional 337,217 shares during the last quarter. State Street Corp increased its holdings in shares of BJ’s Wholesale Club by 1.1% in the 3rd quarter. State Street Corp now owns 4,045,590 shares of the company’s stock worth $333,680,000 after buying an additional 45,288 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of BJ’s Wholesale Club by 60.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock worth $196,929,000 after acquiring an additional 896,263 shares during the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Company Profile

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.