BJ’s Wholesale Club (NYSE:BJ) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

BJ’s Wholesale Club (NYSE:BJ) had its price objective hoisted by investment analysts at The Goldman Sachs Group from $102.00 to $121.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 2.73% from the company’s current price.

Several other brokerages also recently issued reports on BJ. TD Cowen lifted their price objective on BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Citigroup increased their price objective on BJ’s Wholesale Club from $101.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday. UBS Group boosted their target price on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the company a “buy” rating in a research note on Friday. DA Davidson increased their target price on BJ’s Wholesale Club from $123.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Barclays lifted their price target on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.71.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ traded up $2.28 on Monday, reaching $117.78. 1,611,010 shares of the company were exchanged, compared to its average volume of 1,729,098. The company has a 50-day moving average of $99.35 and a 200-day moving average of $91.69. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The firm has a market cap of $15.56 billion, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. BJ’s Wholesale Club has a 1-year low of $71.81 and a 1-year high of $118.20.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.07. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.29 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. Equities analysts forecast that BJ’s Wholesale Club will post 3.96 earnings per share for the current fiscal year.

Institutional Trading of BJ’s Wholesale Club

A number of large investors have recently added to or reduced their stakes in BJ. Covestor Ltd grew its stake in BJ’s Wholesale Club by 66.5% in the 4th quarter. Covestor Ltd now owns 288 shares of the company’s stock valued at $26,000 after buying an additional 115 shares during the last quarter. Tortoise Investment Management LLC increased its holdings in BJ’s Wholesale Club by 78.7% in the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock worth $47,000 after purchasing an additional 233 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in BJ’s Wholesale Club by 652.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company’s stock valued at $47,000 after acquiring an additional 457 shares during the period. Wilmington Savings Fund Society FSB bought a new position in BJ’s Wholesale Club during the 3rd quarter worth $55,000. Finally, UMB Bank n.a. lifted its stake in shares of BJ’s Wholesale Club by 68.2% in the fourth quarter. UMB Bank n.a. now owns 624 shares of the company’s stock worth $56,000 after acquiring an additional 253 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.