Wells Fargo & Company Increases BJ’s Wholesale Club (NYSE:BJ) Price Target to $115.00

BJ’s Wholesale Club (NYSE:BJ) had its target price boosted by stock analysts at Wells Fargo & Company from $100.00 to $115.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 9.48% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. TD Cowen increased their target price on BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, December 12th. UBS Group increased their price objective on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Citigroup increased their price objective on BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Morgan Stanley increased their price objective on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Friday, November 22nd. Finally, Jefferies Financial Group increased their price objective on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $94.88.

BJ’s Wholesale Club Price Performance

Shares of BJ’s Wholesale Club stock traded up $0.61 during trading on Monday, hitting $105.04. 63,843 shares of the stock traded hands, compared to its average volume of 1,456,290. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The stock has a market cap of $13.87 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 4.69 and a beta of 0.32. The firm’s fifty day moving average is $95.79 and its 200-day moving average is $89.07. BJ’s Wholesale Club has a 52 week low of $66.96 and a 52 week high of $105.97.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.29. The company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.12 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. BJ’s Wholesale Club’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 EPS. Research analysts expect that BJ’s Wholesale Club will post 3.95 EPS for the current fiscal year.

Hedge Funds Weigh In On BJ’s Wholesale Club

Hedge funds have recently made changes to their positions in the company. FMR LLC grew its position in shares of BJ’s Wholesale Club by 7.2% during the 3rd 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 during the period. Victory Capital Management Inc. grew its position in shares of 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 valued at $531,118,000 after acquiring an additional 217,385 shares during the period. Franklin Resources Inc. grew its position in shares of BJ’s Wholesale Club by 7.6% during the 3rd quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company’s stock valued at $408,926,000 after acquiring an additional 337,217 shares during the period. State Street Corp grew its position in shares of BJ’s Wholesale Club by 1.1% during the 3rd quarter. State Street Corp now owns 4,045,590 shares of the company’s stock valued at $333,680,000 after acquiring an additional 45,288 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of BJ’s Wholesale Club by 60.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company’s stock valued at $196,929,000 after acquiring an additional 896,263 shares during the period. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Company Profile

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.