BJ’s Wholesale Club (NYSE:BJ) PT Lowered to $78.00 at Evercore ISI

BJ’s Wholesale Club (NYSE:BJ) had its target price reduced by Evercore ISI from $79.00 to $78.00 in a report published on Tuesday, Benzinga reports. They currently have an in-line rating on the stock.

Several other research analysts have also weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an underweight rating in a report on Friday, March 1st. The Goldman Sachs Group raised shares of BJ’s Wholesale Club from a neutral rating to a buy rating and raised their price objective for the stock from $81.00 to $87.00 in a report on Monday, April 8th. Wells Fargo & Company reissued an equal weight rating and set a $70.00 price objective (down from $73.00) on shares of BJ’s Wholesale Club in a report on Thursday, January 4th. Finally, Gordon Haskett lowered shares of BJ’s Wholesale Club from a buy rating to a hold rating and set a $70.00 price objective for the company. in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of $74.40.

BJ’s Wholesale Club Stock Performance

BJ’s Wholesale Club stock opened at $72.55 on Tuesday. BJ’s Wholesale Club has a 12-month low of $60.33 and a 12-month high of $80.42. The company has a market capitalization of $9.65 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 3.30 and a beta of 0.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.14. The firm’s fifty day moving average price is $73.77 and its 200 day moving average price is $69.37.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, March 7th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.05. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.38 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. On average, research analysts forecast that BJ’s Wholesale Club will post 3.91 EPS for the current fiscal year.

Insider Activity

In other news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the completion of the transaction, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at approximately $998,459.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the transaction, the senior vice president now directly owns 12,905 shares of the company’s stock, valued at approximately $998,459.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher J. Baldwin sold 73,062 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the transaction, the director now directly owns 173,294 shares of the company’s stock, valued at $12,815,091.30. The disclosure for this sale can be found here. In the last three months, insiders sold 98,840 shares of company stock valued at $7,408,605. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State of Michigan Retirement System boosted its stake in BJ’s Wholesale Club by 1.9% during the 1st quarter. State of Michigan Retirement System now owns 32,715 shares of the company’s stock valued at $2,475,000 after purchasing an additional 600 shares during the period. Financial Strategies Group Inc. bought a new stake in shares of BJ’s Wholesale Club in the 1st quarter worth approximately $215,000. Congress Wealth Management LLC DE raised its holdings in shares of BJ’s Wholesale Club by 19.4% in the 1st quarter. Congress Wealth Management LLC DE now owns 172,906 shares of the company’s stock worth $13,080,000 after purchasing an additional 28,152 shares in the last quarter. Park Place Capital Corp raised its holdings in shares of BJ’s Wholesale Club by 42.4% in the 1st quarter. Park Place Capital Corp now owns 1,095 shares of the company’s stock worth $83,000 after purchasing an additional 326 shares in the last quarter. Finally, Park Avenue Securities LLC raised its holdings in shares of BJ’s Wholesale Club by 3.3% in the 1st quarter. Park Avenue Securities LLC now owns 12,721 shares of the company’s stock worth $962,000 after purchasing an additional 404 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

About BJ’s Wholesale Club

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.