Evercore ISI Cuts BJ’s Wholesale Club (NYSE:BJ) Price Target to $110.00

BJ’s Wholesale Club (NYSE:BJ) had its target price reduced by Evercore ISI from $115.00 to $110.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an in-line rating on the stock.

Other research analysts have also recently issued research reports about the company. Citigroup raised their target price on BJ’s Wholesale Club from $101.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, March 7th. Cowen restated a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. UBS Group boosted their target price on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, March 7th. DA Davidson raised their target price on shares of BJ’s Wholesale Club from $123.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. upped their price target on BJ’s Wholesale Club from $87.00 to $101.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, BJ’s Wholesale Club currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.82.

BJ’s Wholesale Club Price Performance

Shares of BJ opened at $118.65 on Tuesday. BJ’s Wholesale Club has a one year low of $71.81 and a one year high of $118.99. The stock’s fifty day moving average is $106.51 and its 200-day moving average is $95.70. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The firm has a market capitalization of $15.62 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, March 6th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.29 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. Equities analysts anticipate that BJ’s Wholesale Club will post 3.96 EPS for the current year.

Insiders Place Their Bets

In other news, EVP William C. Werner sold 14,192 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $117.64, for a total transaction of $1,669,546.88. Following the completion of the sale, the executive vice president now directly owns 26,113 shares of the company’s stock, valued at $3,071,933.32. This trade represents a 35.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Allan Steele sold 11,813 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the completion of the sale, the director now directly owns 24,351 shares of the company’s stock, valued at approximately $2,619,924.09. The trade was a 32.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,005 shares of company stock worth $5,148,708 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several institutional investors and hedge funds have recently modified their holdings of BJ. Clearbridge Investments LLC raised its holdings in BJ’s Wholesale Club by 11.8% during the fourth quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company’s stock valued at $208,218,000 after buying an additional 245,731 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of BJ’s Wholesale Club in the 3rd quarter valued at approximately $828,000. Sanctuary Advisors LLC raised its stake in shares of BJ’s Wholesale Club by 129.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock valued at $3,215,000 after acquiring an additional 21,957 shares in the last quarter. Intech Investment Management LLC lifted its holdings in BJ’s Wholesale Club by 278.6% in the 4th quarter. Intech Investment Management LLC now owns 53,968 shares of the company’s stock worth $4,822,000 after purchasing an additional 39,713 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in BJ’s Wholesale Club during the fourth quarter worth approximately $307,000. Institutional investors and hedge funds 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.