BJ’s Wholesale Club (NYSE:BJ) Hits New 52-Week High – Here’s Why

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $120.63 and last traded at $120.01, with a volume of 2199171 shares trading hands. The stock had previously closed at $117.36.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Barclays boosted their price objective on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. Evercore ISI reduced their target price on BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. Wells Fargo & Company reaffirmed an “overweight” rating on shares of BJ’s Wholesale Club in a report on Friday, March 7th. Morgan Stanley upped their price objective on BJ’s Wholesale Club from $98.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, BJ’s Wholesale Club has a consensus rating of “Moderate Buy” and a consensus target price of $110.82.

BJ’s Wholesale Club Price Performance

The firm has a market cap of $15.80 billion, a P/E ratio of 28.85, a P/E/G ratio of 4.50 and a beta of 0.54. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $109.21 and its two-hundred day moving average is $97.93.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data 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. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.29 billion. As a group, analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.96 earnings per share for the current year.

Insider Activity

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 280,400 shares of BJ’s Wholesale Club stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the transaction, the chief executive officer now owns 422,033 shares of the company’s stock, valued at $48,242,592.23. This trade represents a 39.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William C. Werner sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total value of $2,208,200.00. Following the completion of the transaction, the executive vice president now owns 31,308 shares in the company, valued at $3,456,716.28. The trade was a 38.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 326,405 shares of company stock worth $37,201,232 over the last three months. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BJ’s Wholesale Club

A number of hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC raised its position in BJ’s Wholesale Club by 6.1% in the third quarter. HighTower Advisors LLC now owns 16,401 shares of the company’s stock worth $1,347,000 after acquiring an additional 947 shares during the period. National Bank of Canada FI raised its holdings in shares of BJ’s Wholesale Club by 128.2% in the 3rd quarter. National Bank of Canada FI now owns 2,209 shares of the company’s stock worth $182,000 after purchasing an additional 1,241 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in BJ’s Wholesale Club in the third quarter valued at approximately $518,000. Barclays PLC lifted its stake in BJ’s Wholesale Club by 118.6% in the third quarter. Barclays PLC now owns 144,652 shares of the company’s stock valued at $11,931,000 after purchasing an additional 78,470 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in BJ’s Wholesale Club by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,215,356 shares of the company’s stock valued at $182,770,000 after purchasing an additional 34,940 shares during the period. 98.60% of the stock is currently owned by institutional investors.

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.