BJ’s Wholesale Club (NYSE:BJ) Price Target Cut to $129.00 by Analysts at UBS Group

BJ’s Wholesale Club (NYSE:BJ) had its price target cut by UBS Group from $130.00 to $129.00 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages also recently weighed in on BJ. The Goldman Sachs Group upped their target price on BJ’s Wholesale Club from $102.00 to $121.00 and gave the stock a “buy” rating in a research note on Monday, March 10th. Morgan Stanley upped their target price on BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, March 7th. Argus upgraded BJ’s Wholesale Club to a “hold” rating in a research report on Friday, April 4th. Cowen reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Finally, Evercore ISI dropped their price target on BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating for the company in a research report on Tuesday, April 1st. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $112.06.

BJ’s Wholesale Club Trading Up 4.7%

Shares of BJ stock opened at $116.65 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The company has a market cap of $15.36 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 4.50 and a beta of 0.59. The stock has a 50 day simple moving average of $113.95 and a 200-day simple moving average of $102.62. BJ’s Wholesale Club has a 1-year low of $76.33 and a 1-year high of $121.10.

BJ’s Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.07. The business had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. On average, equities research analysts expect that BJ’s Wholesale Club will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, Director Robert Allan Steele sold 11,813 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the completion of the transaction, the director now directly owns 24,351 shares in the company, valued at approximately $2,619,924.09. This represents a 32.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP William C. Werner sold 20,000 shares of the stock in a transaction 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 transaction, the executive vice president now owns 31,308 shares of the company’s stock, valued at approximately $3,456,716.28. This represents a 38.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 328,505 shares of company stock worth $37,452,686 in the last three months. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

A number of hedge funds have recently modified their holdings of the business. Franklin Resources Inc. lifted its stake in BJ’s Wholesale Club by 10.6% during the 4th quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company’s stock worth $470,775,000 after acquiring an additional 504,958 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in BJ’s Wholesale Club by 0.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,366,509 shares of the company’s stock worth $498,219,000 after acquiring an additional 35,130 shares in the last quarter. Bessemer Group Inc. lifted its stake in BJ’s Wholesale Club by 65.9% during the 1st quarter. Bessemer Group Inc. now owns 4,186,760 shares of the company’s stock worth $477,709,000 after acquiring an additional 1,662,415 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in BJ’s Wholesale Club by 29.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,228,685 shares of the company’s stock worth $368,393,000 after acquiring an additional 741,782 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in BJ’s Wholesale Club by 199.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,986,494 shares of the company’s stock worth $340,759,000 after acquiring an additional 1,989,980 shares in 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 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.