BJ’s Wholesale Club (NYSE:BJ) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

BJ’s Wholesale Club (NYSE:BJ) had its price objective raised by equities researchers at JPMorgan Chase & Co. from $90.00 to $94.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 2.85% from the stock’s previous close.

Several other equities analysts also recently weighed in on BJ. BTIG Research reissued a “buy” rating and issued a $120.00 price target on shares of BJ’s Wholesale Club in a research note on Friday, November 21st. TD Cowen reissued a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Evercore raised their price objective on shares of BJ’s Wholesale Club from $85.00 to $95.00 and gave the stock an “in-line” rating in a research report on Monday, November 24th. DA Davidson reiterated a “buy” rating and issued a $123.00 target price on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BJ’s Wholesale Club in a research note on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $107.88.

BJ’s Wholesale Club Price Performance

Shares of BJ traded down $0.29 during mid-day trading on Thursday, hitting $96.76. 1,056,932 shares of the company were exchanged, compared to its average volume of 1,856,261. The stock has a market cap of $12.66 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 2.56 and a beta of 0.36. BJ’s Wholesale Club has a 1-year low of $86.68 and a 1-year high of $121.10. The company has a 50 day moving average of $95.11 and a 200-day moving average of $94.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 0.79.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, EVP William C. Werner sold 7,000 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $91.09, for a total value of $637,630.00. Following the completion of the transaction, the executive vice president owned 50,498 shares in the company, valued at approximately $4,599,862.82. This represents a 12.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several hedge funds and other institutional investors have recently bought and sold shares of BJ. Massachusetts Financial Services Co. MA lifted its holdings in BJ’s Wholesale Club by 31.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,791,602 shares of the company’s stock valued at $446,817,000 after buying an additional 1,152,591 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of BJ’s Wholesale Club by 22.4% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 100,007 shares of the company’s stock valued at $9,326,000 after acquiring an additional 18,288 shares in the last quarter. Boston Trust Walden Corp increased its holdings in BJ’s Wholesale Club by 7.3% during the 3rd quarter. Boston Trust Walden Corp now owns 924,785 shares of the company’s stock worth $86,236,000 after purchasing an additional 62,903 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of BJ’s Wholesale Club by 3.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 670,052 shares of the company’s stock worth $62,482,000 after buying an additional 25,326 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of BJ’s Wholesale Club by 48.7% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 583,416 shares of the company’s stock valued at $54,404,000 after buying an additional 191,200 shares during the period. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Company Profile

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.