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

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has been given an average recommendation of “Moderate Buy” by the sixteen analysts that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $86.31.

A number of equities analysts have commented on the stock. Roth Mkm upped their price objective on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Evercore ISI lifted their price objective on BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a report on Thursday, June 20th. Wells Fargo & Company upgraded BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. 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 report on Friday, August 23rd. Finally, Melius Research began coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective on the stock.

Insider Activity at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $83.75, for a total value of $921,250.00. Following the completion of the transaction, the chief executive officer now owns 434,792 shares of the company’s stock, valued at approximately $36,413,830. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $83.75, for a total value of $921,250.00. Following the completion of the transaction, the chief executive officer now directly owns 434,792 shares in the company, valued at approximately $36,413,830. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction 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 sale, the senior vice president now owns 13,566 shares in the company, valued at $1,133,710.62. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,438 shares of company stock valued at $6,946,288. 2.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC grew its holdings in 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 purchasing an additional 2,571,709 shares during the period. Marshall Wace LLP grew its stake in shares of BJ’s Wholesale Club by 143.6% during the 2nd quarter. Marshall Wace LLP now owns 848,000 shares of the company’s stock valued at $74,488,000 after buying an additional 499,954 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in shares of BJ’s Wholesale Club by 201.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company’s stock worth $51,966,000 after buying an additional 395,573 shares during the last quarter. Raymond James & Associates raised its position in shares of BJ’s Wholesale Club by 99.9% in the 2nd quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock worth $67,151,000 after buying an additional 382,114 shares during the period. Finally, Delta Global Management LP acquired a new position in BJ’s Wholesale Club in the first quarter valued at $27,214,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Trading Down 0.5 %

NYSE BJ opened at $86.77 on Monday. The firm’s fifty day moving average is $82.81 and its two-hundred day moving average is $83.03. BJ’s Wholesale Club has a one year low of $63.08 and a one year high of $92.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. The firm has a market cap of $11.52 billion, a PE ratio of 22.54, a P/E/G ratio of 3.27 and a beta of 0.25.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same period in the prior year, the business earned $0.97 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. Analysts expect that BJ’s Wholesale Club will post 3.82 earnings per share for the current 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.