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 received an average rating of “Moderate Buy” from the sixteen ratings firms that are covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $86.31.

Several equities research analysts have weighed in on BJ shares. Loop Capital upped their target price on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, July 11th. Bank of America decreased their price objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Roth Mkm upped their price objective on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Wells Fargo & Company upgraded BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $75.00 to $92.00 in a research note on Friday, August 23rd. Finally, Melius Research began coverage on BJ’s Wholesale Club in a research note on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective for the company.

BJ’s Wholesale Club Price Performance

Shares of BJ stock opened at $87.81 on Monday. BJ’s Wholesale Club has a twelve month low of $63.08 and a twelve month high of $92.37. The stock has a market capitalization of $11.65 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 3.27 and a beta of 0.25. The stock has a fifty day simple moving average of $83.01 and a two-hundred day simple moving average of $83.30. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24.

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, topping 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 business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same period in the prior year, the business earned $0.97 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts predict that BJ’s Wholesale Club will post 3.82 EPS for the current fiscal year.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $87.60, for a total value of $963,600.00. Following the completion of the sale, the chief executive officer now directly owns 456,792 shares in the company, valued at approximately $40,014,979.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction dated 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 directly owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $87.60, for a total value of $963,600.00. Following the completion of the transaction, the chief executive officer now directly owns 456,792 shares in the company, valued at $40,014,979.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,000 shares of company stock worth $2,841,820. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BJ. Blue Trust Inc. acquired a new stake in BJ’s Wholesale Club during the second quarter worth about $25,000. Davis Capital Management acquired a new stake in BJ’s Wholesale Club during the third quarter worth about $25,000. Rise Advisors LLC acquired a new stake in BJ’s Wholesale Club during the first quarter worth about $26,000. UMB Bank n.a. grew its holdings in BJ’s Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after acquiring an additional 293 shares during the period. Finally, J.Safra Asset Management Corp acquired a new stake in BJ’s Wholesale Club during the second quarter worth about $45,000. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Company Profile

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.