BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Given Average Rating of “Moderate Buy” by Brokerages

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) have been assigned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $94.00.

BJ has been the subject of several recent analyst reports. Roth Mkm upped their price objective on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. Jefferies Financial Group upped their price target on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, November 21st. TD Cowen lifted their price objective on BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Morgan Stanley increased their target price 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. Finally, Melius Research started 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.

BJ’s Wholesale Club Price Performance

Shares of BJ opened at $92.79 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. The firm has a market cap of $12.26 billion, a PE ratio of 22.31, a PEG ratio of 4.69 and a beta of 0.29. BJ’s Wholesale Club has a twelve month low of $64.06 and a twelve month high of $100.74. The firm’s 50 day moving average price is $91.73 and its 200 day moving average price is $87.61.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.29. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. BJ’s Wholesale Club’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. As a group, research analysts expect that BJ’s Wholesale Club will post 3.95 EPS for the current fiscal year.

Insider Transactions at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the completion of the transaction, the chief executive officer now owns 423,792 shares in the company, valued at $36,221,502.24. This trade represents a 2.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by insiders.

Institutional Trading of BJ’s Wholesale Club

A number of large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in BJ’s Wholesale Club by 30.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,605 shares of the company’s stock worth $2,513,000 after buying an additional 6,629 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in BJ’s Wholesale Club during the 2nd quarter valued at $282,000. Hantz Financial Services Inc. bought a new position in BJ’s Wholesale Club in the 2nd quarter valued at $94,000. Farther Finance Advisors LLC boosted its stake in BJ’s Wholesale Club by 2,815.5% in the second quarter. Farther Finance Advisors LLC now owns 3,761 shares of the company’s stock worth $326,000 after purchasing an additional 3,632 shares in the last quarter. Finally, nVerses Capital LLC grew its holdings in shares of BJ’s Wholesale Club by 242.1% during the second quarter. nVerses Capital LLC now owns 6,500 shares of the company’s stock worth $571,000 after purchasing an additional 4,600 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors.

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.