BJs Wholesale Club (NYSE:BJ) had its price objective increased by equities researchers at Wells Fargo & Co from $29.00 to $32.00 in a research note issued to investors on Friday, March 29th, The Fly reports. The firm presently has an “outperform” rating on the stock. Wells Fargo & Co‘s price objective indicates a potential upside of 12.12% from the company’s current price.
A number of other equities analysts also recently issued reports on BJ. Nomura cut their price target on shares of BJs Wholesale Club from $29.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Gordon Haskett upgraded shares of BJs Wholesale Club from an “accumulate” rating to a “buy” rating in a report on Thursday, March 21st. Barclays assumed coverage on shares of BJs Wholesale Club in a report on Friday, February 1st. They set an “equal weight” rating for the company. Zacks Investment Research downgraded shares of BJs Wholesale Club from a “buy” rating to a “hold” rating in a report on Wednesday, January 23rd. Finally, Evercore ISI assumed coverage on shares of BJs Wholesale Club in a report on Wednesday, March 20th. They set an “outperform” rating and a $30.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. BJs Wholesale Club has a consensus rating of “Buy” and a consensus target price of $30.21.
Shares of BJs Wholesale Club stock traded down $0.17 during trading hours on Friday, hitting $28.54. The company had a trading volume of 765,301 shares, compared to its average volume of 1,193,150. BJs Wholesale Club has a twelve month low of $19.31 and a twelve month high of $32.92. The stock has a market cap of $3.93 billion and a price-to-earnings ratio of 25.04.
In related news, EVP Brian Poulliot sold 40,000 shares of BJs Wholesale Club stock in a transaction on Monday, January 28th. The shares were sold at an average price of $26.25, for a total value of $1,050,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott Kessler sold 20,000 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $26.00, for a total transaction of $520,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,363,588 shares of company stock valued at $255,932,285.
A number of hedge funds have recently added to or reduced their stakes in the business. Tealwood Asset Management Inc. acquired a new stake in BJs Wholesale Club in the first quarter worth about $2,995,000. LGT Capital Partners LTD. acquired a new stake in BJs Wholesale Club in the 4th quarter valued at about $831,000. Luminus Management LLC acquired a new stake in BJs Wholesale Club in the 3rd quarter valued at about $2,009,000. Pentwater Capital Management LP lifted its holdings in BJs Wholesale Club by 64.1% in the 3rd quarter. Pentwater Capital Management LP now owns 105,000 shares of the company’s stock valued at $2,812,000 after acquiring an additional 41,000 shares during the last quarter. Finally, Alpine Global Management LLC acquired a new stake in BJs Wholesale Club in the 3rd quarter valued at about $1,339,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.
BJs Wholesale Club Company Profile
BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.
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