BJ’s Wholesale Club (NYSE:BJ) Stock Price Expected to Rise, Loop Capital Analyst Says

BJ’s Wholesale Club (NYSE:BJ) had its target price upped by equities research analysts at Loop Capital from $95.00 to $110.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “hold” rating on the stock. Loop Capital’s price target would suggest a potential downside of 5.05% from the stock’s current price.

Several other equities analysts also recently commented on the company. Robert W. Baird boosted their price objective on BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday. Roth Mkm upped their price target on BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. TD Cowen lifted their price objective 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. Jefferies Financial Group boosted their target price on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company raised their target price on shares of BJ’s Wholesale Club from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and a consensus price target of $104.65.

BJ’s Wholesale Club Price Performance

NYSE BJ opened at $115.85 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. BJ’s Wholesale Club has a 12 month low of $71.81 and a 12 month high of $116.00. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 4.50 and a beta of 0.28. The company’s 50 day moving average is $99.35 and its two-hundred day moving average is $91.66.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.93 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 for the quarter, compared to the consensus estimate of $5.29 billion. As a group, research analysts anticipate that BJ’s Wholesale Club will post 3.96 earnings per share for the current year.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several institutional investors have recently modified their holdings of BJ. Menard Financial Group LLC raised its holdings in BJ’s Wholesale Club by 5.7% during the 4th quarter. Menard Financial Group LLC now owns 2,965 shares of the company’s stock valued at $265,000 after buying an additional 160 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of BJ’s Wholesale Club by 1.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company’s stock valued at $387,009,000 after acquiring an additional 43,106 shares during the period. GTS Securities LLC lifted its holdings in shares of BJ’s Wholesale Club by 188.8% in 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 purchasing an additional 52,340 shares during the period. Finally, Voloridge Investment Management LLC bought a new position in BJ’s Wholesale Club during the 4th quarter valued at about $1,880,000. 98.60% of the stock is 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.