Analysts Set BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) PT at $87.33

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) have earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $87.87.

A number of equities research analysts have weighed in on the stock. Bank of America reduced their target price on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. Roth Mkm lifted their price objective on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Wells Fargo & Company raised their target price on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $76.00 to $78.00 in a research note on Monday, August 26th. Finally, Melius Research assumed coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price on the stock.

Insider Activity at BJ’s Wholesale Club

In other news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the sale, the senior vice president now directly owns 13,566 shares in the company, valued at $1,133,710.62. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares in the company, valued at approximately $1,133,710.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the completion of the sale, the chief executive officer now directly owns 423,792 shares of the company’s stock, valued at $36,221,502.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,000 shares of company stock valued at $2,818,390. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

Large investors have recently modified their holdings of the business. Victory Capital Management Inc. boosted its stake in BJ’s Wholesale Club by 3.5% in the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after purchasing an additional 217,385 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of BJ’s Wholesale Club by 158.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock valued at $368,044,000 after acquiring an additional 2,571,709 shares during the period. Bessemer Group Inc. grew its stake in BJ’s Wholesale Club by 1.8% during the first quarter. Bessemer Group Inc. now owns 3,118,913 shares of the company’s stock valued at $235,946,000 after acquiring an additional 56,442 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in BJ’s Wholesale Club by 60.1% during the third 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 in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in BJ’s Wholesale Club by 17.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,624,781 shares of the company’s stock worth $142,721,000 after acquiring an additional 237,902 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Trading Down 0.6 %

Shares of BJ stock opened at $89.06 on Friday. The stock’s fifty day moving average price is $84.22 and its two-hundred day moving average price is $84.72. The company has a market cap of $11.81 billion, a PE ratio of 22.49, a P/E/G ratio of 3.35 and a beta of 0.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. BJ’s Wholesale Club has a fifty-two week low of $63.08 and a fifty-two week high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. During the same quarter last year, the business posted $0.97 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts predict that BJ’s Wholesale Club will post 3.82 EPS for the current fiscal year.

About BJ’s Wholesale Club

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.