BJ’s Wholesale Club (NYSE:BJ) Price Target Raised to $101.00

BJ’s Wholesale Club (NYSE:BJ) had its target price raised by JPMorgan Chase & Co. from $87.00 to $101.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other brokerages have also commented on BJ. Roth Mkm lifted their target price on BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. TD Cowen lifted their target price on BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. UBS Group lifted their target price on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Citigroup lifted their target price on BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, Morgan Stanley lifted their target price on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.24.

BJ’s Wholesale Club Trading Down 0.9 %

Shares of BJ opened at $100.15 on Monday. The company has a market capitalization of $13.23 billion, a P/E ratio of 24.07, a P/E/G ratio of 4.50 and a beta of 0.28. BJ’s Wholesale Club has a one year low of $71.81 and a one year high of $108.00. 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 stock has a 50-day moving average price of $98.53 and a 200 day moving average price of $91.28.

Institutional Trading of BJ’s Wholesale Club

Several hedge funds have recently added to or reduced their stakes in BJ. Neo Ivy Capital Management bought a new stake in shares of BJ’s Wholesale Club in the 3rd quarter worth $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 worth $3,215,000 after buying an additional 21,957 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of BJ’s Wholesale Club by 3.5% in the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after buying an additional 217,385 shares in the last quarter. Oak Harvest Investment Services bought a new stake in shares of BJ’s Wholesale Club in the 4th quarter worth $670,000. Finally, Navellier & Associates Inc. bought a new stake in shares of BJ’s Wholesale Club in the 4th quarter worth $223,000. Institutional investors 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.