Citigroup Lowers BJ’s Wholesale Club (NYSE:BJ) Price Target to $120.00

BJ’s Wholesale Club (NYSE:BJ) had its price objective reduced by Citigroup from $130.00 to $120.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also issued reports on the company. Robert W. Baird boosted their price objective on BJ’s Wholesale Club from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, May 23rd. Evercore ISI raised their target price on BJ’s Wholesale Club from $115.00 to $117.00 and gave the company an “in-line” rating in a research note on Tuesday, August 12th. Morgan Stanley upped their price target on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, May 23rd. Roth Capital reaffirmed a “neutral” rating and issued a $106.00 price objective (up previously from $101.00) on shares of BJ’s Wholesale Club in a report on Wednesday, May 28th. Finally, Wall Street Zen downgraded shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, BJ’s Wholesale Club has an average rating of “Moderate Buy” and an average target price of $115.33.

BJ’s Wholesale Club Price Performance

BJ opened at $107.3340 on Monday. The company has a quick ratio of 0.14, a current ratio of 0.77 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $107.51 and its 200 day moving average price is $109.99. BJ’s Wholesale Club has a fifty-two week low of $76.33 and a fifty-two week high of $121.10. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 2.89 and a beta of 0.43.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.23. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.18 billion. BJ’s Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%.BJ’s Wholesale Club’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. As a group, sell-side analysts expect that BJ’s Wholesale Club will post 3.96 earnings per share for the current year.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 17,900 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total transaction of $1,916,732.00. Following the sale, the chief executive officer directly owned 368,333 shares in the company, valued at approximately $39,441,097.64. The trade was a 4.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven L. Ortega acquired 1,740 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of $114.60 per share, with a total value of $199,404.00. Following the completion of the acquisition, the director directly owned 8,641 shares of the company’s stock, valued at approximately $990,258.60. This represents a 25.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 138,061 shares of company stock valued at $15,027,745. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group acquired a new stake in BJ’s Wholesale Club in the 2nd quarter valued at about $26,000. REAP Financial Group LLC grew its stake in shares of BJ’s Wholesale Club by 152.5% in the 2nd quarter. REAP Financial Group LLC now owns 250 shares of the company’s stock worth $27,000 after purchasing an additional 151 shares during the last quarter. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of BJ’s Wholesale Club in the 1st quarter worth approximately $33,000. Ameritas Advisory Services LLC acquired a new stake in BJ’s Wholesale Club during the second quarter valued at approximately $35,000. Finally, HM Payson & Co. acquired a new stake in BJ’s Wholesale Club during the first quarter valued at approximately $41,000. Institutional investors own 98.60% of the company’s stock.

About BJ’s Wholesale Club

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.