BJ’s Wholesale Club (NYSE:BJ) Given New $78.00 Price Target at Evercore ISI

BJ’s Wholesale Club (NYSE:BJ) had its price objective trimmed by Evercore ISI from $79.00 to $78.00 in a research report released on Tuesday morning, Benzinga reports. The firm currently has an in-line rating on the stock.

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

BJ’s Wholesale Club Trading Up 0.1 %

Shares of BJ’s Wholesale Club stock opened at $76.25 on Tuesday. The company has a quick ratio of 0.14, a current ratio of 0.73 and a debt-to-equity ratio of 0.27. The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 3.33 and a beta of 0.26. The business has a fifty day simple moving average of $73.47 and a 200-day simple moving average of $69.30. BJ’s Wholesale Club has a fifty-two week low of $60.33 and a fifty-two week high of $80.42.

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

Insiders Place Their Bets

In other news, Director Christopher J. Baldwin sold 73,062 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the transaction, the director now owns 173,294 shares of the company’s stock, valued at approximately $12,815,091.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $76.70, for a total value of $843,700.00. Following the transaction, the chief executive officer now directly owns 500,792 shares of the company’s stock, valued at approximately $38,410,746.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher J. Baldwin sold 73,062 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $73.95, for a total value of $5,402,934.90. Following the completion of the transaction, the director now directly owns 173,294 shares in the company, valued at $12,815,091.30. The disclosure for this sale can be found here. Insiders have sold a total of 97,840 shares of company stock valued at $7,331,235 in the last three months. Insiders own 2.20% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Park Avenue Securities LLC grew its holdings in 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 valued at $962,000 after buying an additional 404 shares during the last quarter. Yarbrough Capital LLC grew its holdings in shares of BJ’s Wholesale Club by 113.0% during the 1st quarter. Yarbrough Capital LLC now owns 10,239 shares of the company’s stock worth $775,000 after purchasing an additional 5,431 shares in the last quarter. Fulton Bank N.A. acquired a new stake in shares of BJ’s Wholesale Club during the 1st quarter worth approximately $281,000. Clearview Wealth Advisors LLC acquired a new stake in shares of BJ’s Wholesale Club during the 1st quarter worth approximately $347,000. Finally, Rise Advisors LLC acquired a new stake in shares of BJ’s Wholesale Club during the 1st quarter worth approximately $26,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

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.