BJ’s Wholesale Club (NYSE:BJ) Price Target Raised to $110.00 at Loop Capital

BJ’s Wholesale Club (NYSE:BJ) had its price target hoisted by Loop Capital from $95.00 to $110.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the stock. Loop Capital’s target price suggests a potential downside of 5.05% from the stock’s current price.

BJ has been the topic of a number of other research reports. Citigroup increased their price target on BJ’s Wholesale Club from $101.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday. Roth Mkm raised their target price on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. UBS Group upped their price target on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group lifted their price objective on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company upped their target price on BJ’s Wholesale Club from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.65.

BJ’s Wholesale Club Trading Up 3.1 %

Shares of BJ opened at $115.85 on Friday. The firm has a market capitalization of $15.30 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 4.50 and a beta of 0.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. BJ’s Wholesale Club has a 1-year low of $71.81 and a 1-year high of $116.00. The company has a 50-day moving average of $99.35 and a 200 day moving average of $91.66.

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

Institutional Investors Weigh In On BJ’s Wholesale Club

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC increased its holdings in shares of BJ’s Wholesale Club by 7.2% during the third quarter. FMR LLC now owns 14,357,118 shares of the company’s stock valued at $1,184,175,000 after acquiring an additional 966,528 shares in the last quarter. Victory Capital Management Inc. grew its position in BJ’s Wholesale Club by 3.5% during the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after purchasing an additional 217,385 shares during the last quarter. Franklin Resources Inc. increased its stake in BJ’s Wholesale Club by 10.6% during the 4th quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company’s stock valued at $470,775,000 after purchasing an additional 504,958 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of BJ’s Wholesale Club by 1.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company’s stock worth $387,009,000 after buying an additional 43,106 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of BJ’s Wholesale Club by 1.1% during the third quarter. State Street Corp now owns 4,045,590 shares of the company’s stock worth $333,680,000 after buying an additional 45,288 shares during the period. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

About BJ’s Wholesale Club

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.