BJ's Wholesale Club (NYSE:BJ - Get Free Report) had its price objective boosted by stock analysts at UBS Group from $108.00 to $130.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's target price would suggest a potential upside of 15.27% from the stock's current price.
Several other research firms have also recently weighed in on BJ. Roth Mkm increased their price target on shares of BJ's Wholesale Club from $75.00 to $87.00 and gave the company a "neutral" rating in a report on Monday, November 25th. Jefferies Financial Group increased their price target 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. Wells Fargo & Company increased their price target on shares of BJ's Wholesale Club from $100.00 to $115.00 and gave the company an "overweight" rating in a report on Monday, February 10th. TD Cowen increased their price target on shares of BJ's Wholesale Club from $110.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, Morgan Stanley raised their target price on shares of 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. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $100.12.
Get Our Latest Stock Analysis on BJ
Shares of BJ's Wholesale Club stock traded up $0.44 on Friday, hitting $112.77. 156,649 shares of the company's stock traded hands, compared to its average volume of 1,657,464. The firm's 50-day moving average price is $98.53 and its two-hundred day moving average price is $91.28. The stock has a market capitalization of $14.90 billion, a PE ratio of 26.94, a price-to-earnings-growth 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 $113.80. 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 (NYSE:BJ - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) 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 company had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.29 billion. On average, research analysts expect that BJ's Wholesale Club will post 3.96 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BJ. Covestor Ltd boosted its stake in BJ's Wholesale Club by 66.5% in the fourth quarter. Covestor Ltd now owns 288 shares of the company's stock valued at $26,000 after acquiring an additional 115 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in BJ's Wholesale Club by 78.7% in the fourth quarter. Tortoise Investment Management LLC now owns 529 shares of the company's stock valued at $47,000 after acquiring an additional 233 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in BJ's Wholesale Club by 652.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 527 shares of the company's stock valued at $47,000 after acquiring an additional 457 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in BJ's Wholesale Club in the third quarter valued at about $55,000. Finally, UMB Bank n.a. raised its position in shares of BJ's Wholesale Club by 68.2% in the fourth quarter. UMB Bank n.a. now owns 624 shares of the company's stock valued at $56,000 after purchasing an additional 253 shares during the period. 98.60% of the stock is currently owned by hedge funds and other institutional investors.
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.
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