BJ’s Wholesale Club (NYSE:BJ) Price Target Raised to $115.00 at Morgan Stanley

BJ’s Wholesale Club (NYSE:BJ) had its price objective raised by Morgan Stanley from $98.00 to $115.00 in a research note published on Friday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other research firms have also issued reports on BJ. Robert W. Baird lifted their target price on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Friday. Citigroup lifted their target price on shares of BJ’s Wholesale Club from $101.00 to $115.00 and gave the company a “neutral” rating in a report on Friday. Roth Mkm lifted their target price on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, November 25th. UBS Group raised their price target on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the company a “buy” rating in a research report on Friday. Finally, TD Cowen raised their price target on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $104.65.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $115.85 on Friday. The company has a 50-day simple moving average of $98.88 and a two-hundred day simple moving average of $91.43. BJ’s Wholesale Club has a one year low of $71.81 and a one year high of $116.00. The firm has a market capitalization of $15.30 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 4.50 and a beta of 0.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $5.29 billion. On average, analysts anticipate that BJ’s Wholesale Club will post 3.96 EPS for the current fiscal year.

Institutional Investors Weigh In On BJ’s Wholesale Club

A number of large investors have recently added to or reduced their stakes in the stock. Menard Financial Group LLC grew its position in BJ’s Wholesale Club by 5.7% in the 4th quarter. Menard Financial Group LLC now owns 2,965 shares of the company’s stock worth $265,000 after purchasing an additional 160 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of BJ’s Wholesale Club by 1.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company’s stock worth $387,009,000 after acquiring an additional 43,106 shares during the last quarter. GTS Securities LLC boosted its stake in shares of BJ’s Wholesale Club by 188.8% during the 4th quarter. GTS Securities LLC now owns 5,684 shares of the company’s stock worth $508,000 after acquiring an additional 12,084 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of BJ’s Wholesale Club by 11.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 505,162 shares of the company’s stock worth $45,136,000 after acquiring an additional 52,340 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new position in shares of BJ’s Wholesale Club during the 4th quarter worth $1,880,000. Institutional investors 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.