BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Receives Average Rating of “Moderate Buy” from Analysts

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $93.25.

A number of research firms have weighed in on BJ. Morgan Stanley lifted their price objective on BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Bank of America reduced their price target on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Jefferies Financial Group upped their price objective on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. TD Cowen lifted their target price on shares of BJ’s Wholesale Club from $95.00 to $110.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Wells Fargo & Company increased their price target on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th.

Insider Transactions at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the 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 transaction, the chief executive officer now directly owns 423,792 shares of the company’s stock, valued at approximately $36,221,502.24. This represents a 2.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

A number of institutional investors and hedge funds have recently bought and sold shares of BJ. Kayne Anderson Rudnick Investment Management LLC boosted its stake in BJ’s Wholesale Club by 158.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock worth $368,044,000 after buying an additional 2,571,709 shares during the last quarter. FMR LLC raised its holdings in shares of BJ’s Wholesale Club by 7.2% during the 3rd quarter. FMR LLC now owns 14,357,118 shares of the company’s stock worth $1,184,175,000 after acquiring an additional 966,528 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of BJ’s Wholesale Club by 60.1% during the 3rd 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 during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of BJ’s Wholesale Club by 4,834.5% in the third quarter. Rockefeller Capital Management L.P. now owns 625,205 shares of the company’s stock valued at $51,567,000 after purchasing an additional 612,535 shares during the period. Finally, Marshall Wace LLP increased its position in BJ’s Wholesale Club by 143.6% during the second quarter. Marshall Wace LLP now owns 848,000 shares of the company’s stock worth $74,488,000 after purchasing an additional 499,954 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Down 1.3 %

NYSE:BJ opened at $95.09 on Tuesday. The firm has a market capitalization of $12.61 billion, a P/E ratio of 22.86, a PEG ratio of 4.53 and a beta of 0.24. The company’s fifty day moving average price is $87.48 and its 200-day moving average price is $86.14. BJ’s Wholesale Club has a 1-year low of $63.73 and a 1-year high of $99.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

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.