Evercore ISI Issues Pessimistic Forecast for BJ’s Wholesale Club (NYSE:BJ) Stock Price

by · The Cerbat Gem

BJ’s Wholesale Club (NYSE:BJ – Free Report) had its price target decreased by Evercore ISI from $115.00 to $110.00 in a report published on Tuesday,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Other research analysts also recently issued research reports about the stock. Barclays boosted their price objective on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. DA Davidson upped their price target on BJ’s Wholesale Club from $123.00 to $130.00 and gave the company a “buy” rating in a report on Friday, March 7th. Loop Capital lifted their price objective on BJ’s Wholesale Club from $95.00 to $110.00 and gave the stock a “hold” rating in a report on Friday, March 7th. Wells Fargo & Company restated an “overweight” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Finally, Robert W. Baird raised their target price on BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, BJ’s Wholesale Club presently has an average rating of “Moderate Buy” and an average price target of $110.82.

View Our Latest Stock Analysis on BJ

BJ’s Wholesale Club Price Performance

NYSE BJ opened at $118.65 on Tuesday. The stock has a market capitalization of $15.62 billion, a PE ratio of 28.52, a P/E/G ratio of 4.50 and a beta of 0.54. The stock has a 50-day simple moving average of $106.51 and a 200 day simple moving average of $95.70. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. BJ’s Wholesale Club has a twelve month low of $71.81 and a twelve month high of $118.99.

BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last posted its quarterly earnings data 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 return on equity of 35.41% and a net margin of 2.71%. The company had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.29 billion. Research analysts anticipate that BJ’s Wholesale Club will post 3.96 EPS for the current year.

Insider Activity at BJ’s Wholesale Club

In related news, EVP William C. Werner sold 20,000 shares of BJ’s Wholesale Club stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total value of $2,208,200.00. Following the completion of the transaction, the executive vice president now directly owns 31,308 shares of the company’s stock, valued at $3,456,716.28. The trade was a 38.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Allan Steele sold 11,813 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the transaction, the director now owns 24,351 shares in the company, valued at approximately $2,619,924.09. This trade represents a 32.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,005 shares of company stock valued at $5,148,708 in the last ninety days. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

A number of institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. boosted its holdings in BJ’s Wholesale Club by 10.6% in the fourth quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company’s stock valued at $470,775,000 after acquiring an additional 504,958 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of BJ’s Wholesale Club by 1.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company’s stock valued at $387,009,000 after purchasing an additional 43,106 shares during the last quarter. 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 worth $333,680,000 after buying an additional 45,288 shares during the period. JPMorgan Chase & Co. raised its stake in shares of BJ’s Wholesale Club by 2.9% during the fourth quarter. JPMorgan Chase & Co. now owns 2,571,996 shares of the company’s stock worth $229,808,000 after buying an additional 73,322 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in BJ’s Wholesale Club by 4.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,486,903 shares of the company’s stock valued at $222,205,000 after buying an additional 99,311 shares during the period. 98.60% of the stock is owned by institutional investors.

About BJ’s Wholesale Club

(Get Free Report)

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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