BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Given Average 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 research firms that are covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $86.31.

BJ has been the subject of several research reports. Melius Research started coverage on BJ’s Wholesale Club in a research note on Monday. They set a “buy” rating and a $90.00 price objective for the company. Wells Fargo & Company upgraded BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $75.00 to $92.00 in a report on Friday, August 23rd. JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $76.00 to $78.00 in a research note on Monday, August 26th. Evercore ISI lifted their price objective on shares of 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. Finally, Loop Capital boosted their price objective on BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, July 11th.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $81.47 on Thursday. The business’s fifty day simple moving average is $84.00 and its 200-day simple moving average is $82.11. 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 has a 12-month low of $63.08 and a 12-month high of $92.37. The company has a market cap of $10.81 billion, a PE ratio of 21.16, a PEG ratio of 2.90 and a beta of 0.24.

BJ’s Wholesale Club (NYSE:BJ) last announced 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. The business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. Analysts expect that BJ’s Wholesale Club will post 3.84 earnings per share for the current fiscal year.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total transaction of $873,400.00. Following the completion of the transaction, the chief executive officer now directly owns 445,792 shares of the company’s stock, valued at $35,395,884.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the completion of the transaction, the chief executive officer now directly owns 445,792 shares in the company, valued at approximately $35,395,884.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $83.57, for a total transaction of $83,570.00. Following the completion of the sale, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,438 shares of company stock valued at $6,980,938. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

Institutional investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in BJ’s Wholesale Club during the fourth quarter worth approximately $892,000. Thematics Asset Management grew its position in shares of BJ’s Wholesale Club by 1.5% in the fourth quarter. Thematics Asset Management now owns 66,532 shares of the company’s stock valued at $4,435,000 after purchasing an additional 992 shares during the period. GSA Capital Partners LLP acquired a new position in BJ’s Wholesale Club in the fourth quarter valued at $2,853,000. BNP Paribas Financial Markets lifted its position in BJ’s Wholesale Club by 231.3% during the first quarter. BNP Paribas Financial Markets now owns 222,461 shares of the company’s stock worth $16,829,000 after buying an additional 155,316 shares during the period. Finally, Raymond James & Associates boosted its stake in 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 last quarter. 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.