BJs Wholesale Club (BJ) PT Raised to $35.00 at Loop Capital

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BJs Wholesale Club (NYSE:BJ) had its price objective upped by equities researchers at Loop Capital to $35.00 in a research report issued on Wednesday, The Fly reports. The brokerage currently has a “buy” rating on the stock. Loop Capital’s price objective points to a potential upside of 15.51% from the company’s current price.

BJ has been the topic of several other research reports. Robert W. Baird started coverage on BJs Wholesale Club in a research note on Monday, July 23rd. They issued an “outperform” rating and a $30.00 target price on the stock. Goldman Sachs Group started coverage on BJs Wholesale Club in a research note on Monday, July 23rd. They issued a “neutral” rating and a $24.00 target price on the stock. Morgan Stanley started coverage on BJs Wholesale Club in a research note on Monday, July 23rd. They issued an “equal weight” rating and a $28.00 target price on the stock. Bank of America started coverage on BJs Wholesale Club in a research note on Monday, July 23rd. They issued a “buy” rating and a $30.00 target price on the stock. Finally, Wolfe Research started coverage on BJs Wholesale Club in a research note on Monday, July 16th. They issued an “underperform” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $29.45.

Shares of NYSE:BJ traded up $0.15 during trading on Wednesday, hitting $30.30. 1,335,700 shares of the company’s stock traded hands, compared to its average volume of 1,237,162. BJs Wholesale Club has a 52 week low of $20.56 and a 52 week high of $31.58.

BJs Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Tuesday, August 28th. The company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.28 billion. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 EPS. equities analysts expect that BJs Wholesale Club will post 0.92 EPS for the current fiscal year.

In related news, EVP Robert W. Eddy acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, June 27th. The shares were bought at an average price of $17.00 per share, for a total transaction of $34,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Several institutional investors have recently made changes to their positions in BJ. FMR LLC bought a new stake in shares of BJs Wholesale Club during the 2nd quarter worth approximately $200,102,000. Citadel Advisors LLC bought a new stake in shares of BJs Wholesale Club during the 2nd quarter worth approximately $68,786,000. Putnam Investments LLC bought a new stake in shares of BJs Wholesale Club during the 2nd quarter worth approximately $53,841,000. Massachusetts Financial Services Co. MA bought a new stake in shares of BJs Wholesale Club during the 2nd quarter worth approximately $45,932,000. Finally, Millennium Management LLC bought a new stake in shares of BJs Wholesale Club during the 2nd quarter worth approximately $37,390,000. Institutional investors own 65.73% of the company’s stock.

About BJs Wholesale Club

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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