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

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) have been assigned a consensus rating of “Moderate Buy” from the eighteen analysts that are currently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $108.71.

A number of analysts have weighed in on BJ shares. Robert W. Baird increased their target price on BJ’s Wholesale Club from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Cowen reiterated a “buy” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. Wells Fargo & Company reiterated an “overweight” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 7th. Citigroup increased their target price on BJ’s Wholesale Club from $101.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, March 7th. Finally, Barclays increased their target price on BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, March 10th.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, Director Robert Allan Steele sold 11,813 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $107.59, for a total value of $1,270,960.67. Following the completion of the sale, the director now owns 24,351 shares of the company’s stock, valued at approximately $2,619,924.09. This trade represents a 32.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On BJ’s Wholesale Club

Institutional investors have recently added to or reduced their stakes in the business. Neo Ivy Capital Management acquired a new stake in BJ’s Wholesale Club in the third quarter worth about $828,000. Sanctuary Advisors LLC boosted its holdings in BJ’s Wholesale Club by 129.0% in the third quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock worth $3,215,000 after acquiring an additional 21,957 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in BJ’s Wholesale Club in the fourth quarter worth about $307,000. Wealthfront Advisers LLC boosted its holdings in BJ’s Wholesale Club by 1,462.2% in the fourth quarter. Wealthfront Advisers LLC now owns 54,208 shares of the company’s stock worth $4,843,000 after acquiring an additional 50,738 shares in the last quarter. Finally, Oak Harvest Investment Services acquired a new stake in BJ’s Wholesale Club in the fourth quarter worth about $670,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Down 0.4 %

Shares of BJ opened at $110.06 on Thursday. The company has a market cap of $14.54 billion, a PE ratio of 26.46, a P/E/G ratio of 4.50 and a beta of 0.28. The business has a fifty day moving average of $102.67 and a 200 day moving average of $93.24. BJ’s Wholesale Club has a 52-week low of $71.81 and a 52-week high of $118.40. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. On average, sell-side analysts expect that BJ’s Wholesale Club will post 3.96 EPS for the current year.

About BJ’s Wholesale Club

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.