BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) reached a new 52-week high on Friday after Morgan Stanley raised their price target on the stock from $90.00 to $98.00. Morgan Stanley currently has an equal weight rating on the stock. BJ's Wholesale Club traded as high as $96.29 and last traded at $96.24, with a volume of 145996 shares traded. The stock had previously closed at $92.79.
BJ has been the topic of several other research reports. Melius Research began coverage on BJ's Wholesale Club in a report on Monday, September 23rd. They issued a "buy" rating and a $90.00 price target on the stock. Wells Fargo & Company upped their price objective on BJ's Wholesale Club from $92.00 to $100.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. Roth Mkm boosted their price target on BJ's Wholesale Club from $68.00 to $75.00 and gave the stock a "neutral" rating in a report on Friday, August 23rd. Bank of America cut their price objective on BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. raised BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and upped their price target for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.88.
Read Our Latest Report on BJ's Wholesale Club
In related news, SVP Joseph Mcgrail sold 1,000 shares of BJ's Wholesale Club stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares of the company's stock, valued at $1,133,710.62. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert W. Eddy sold 11,000 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the completion of the sale, the chief executive officer now owns 445,792 shares of the company's stock, valued at approximately $35,395,884.80. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,000 shares of company stock worth $2,818,390. Company insiders own 2.00% of the company's stock.
Several institutional investors have recently added to or reduced their stakes in BJ. Blue Trust Inc. bought a new position in shares of BJ's Wholesale Club during the second quarter worth approximately $25,000. Davis Capital Management bought a new position in shares of BJ's Wholesale Club in the 3rd quarter valued at $25,000. UMB Bank n.a. grew its holdings in BJ's Wholesale Club by 375.6% during the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company's stock worth $31,000 after acquiring an additional 293 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in BJ's Wholesale Club in the third quarter valued at $41,000. Finally, J.Safra Asset Management Corp bought a new stake in BJ's Wholesale Club in the second quarter valued at approximately $45,000. 98.60% of the stock is owned by institutional investors.
The business's 50 day moving average is $85.52 and its two-hundred day moving average is $85.20. The firm has a market cap of $12.65 billion, a P/E ratio of 23.36, a P/E/G ratio of 4.19 and a beta of 0.24. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24.
BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.09. BJ's Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The firm had revenue of $5.21 billion during the quarter, compared to analysts' expectations of $5.15 billion. During the same quarter last year, the firm posted $0.97 earnings per share. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, analysts anticipate that BJ's Wholesale Club Holdings, Inc. will post 3.84 earnings per share for the current year.
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.
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