BJ’s Wholesale Club (NYSE:BJ) Stock Rating Reaffirmed by Loop Capital

Loop Capital reissued their hold rating on shares of BJ’s Wholesale Club (NYSE:BJ) in a research report report published on Thursday, Marketbeat reports. The firm currently has a $80.00 price target on the stock, down from their prior price target of $85.00.

Other research analysts have also issued research reports about the company. Wells Fargo & Company reaffirmed an equal weight rating and set a $70.00 price target (down previously from $73.00) on shares of BJ’s Wholesale Club in a research report on Thursday, January 4th. The Goldman Sachs Group raised BJ’s Wholesale Club from a neutral rating to a buy rating and upped their price target for the company from $81.00 to $87.00 in a research report on Monday, April 8th. JPMorgan Chase & Co. increased their target price on BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an underweight rating in a research report on Friday, March 1st. Gordon Haskett lowered BJ’s Wholesale Club from a buy rating to a hold rating and set a $70.00 target price for the company. in a research report on Wednesday, February 7th. Finally, Evercore ISI decreased their target price on BJ’s Wholesale Club from $79.00 to $78.00 and set an in-line rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $74.40.

BJ’s Wholesale Club Trading Down 3.6 %

BJ opened at $72.55 on Thursday. The business has a 50 day simple moving average of $73.77 and a two-hundred day simple moving average of $69.37. The firm has a market capitalization of $9.65 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 3.30 and a beta of 0.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.14. BJ’s Wholesale Club has a one year low of $60.33 and a one year high of $80.42.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, March 7th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.38 billion. BJ’s Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. BJ’s Wholesale Club’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.00 EPS. Analysts predict that BJ’s Wholesale Club will post 3.91 EPS for the current year.

Insider Activity at BJ’s Wholesale Club

In related news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the transaction, the senior vice president now owns 12,905 shares of the company’s stock, valued at approximately $998,459.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $77.37, for a total transaction of $77,370.00. Following the sale, the senior vice president now directly owns 12,905 shares in the company, valued at approximately $998,459.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Monica Schwartz sold 13,578 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $78.81, for a total value of $1,070,082.18. Following the sale, the executive vice president now owns 13,545 shares in the company, valued at $1,067,481.45. The disclosure for this sale can be found here. Insiders sold a total of 98,840 shares of company stock valued at $7,408,605 in the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

Several institutional investors have recently added to or reduced their stakes in BJ. Rise Advisors LLC purchased a new stake in BJ’s Wholesale Club during the 1st quarter valued at $26,000. Global Retirement Partners LLC boosted its stake in BJ’s Wholesale Club by 45.3% during the 3rd quarter. Global Retirement Partners LLC now owns 491 shares of the company’s stock valued at $34,000 after purchasing an additional 153 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in BJ’s Wholesale Club during the 4th quarter valued at $40,000. Fortis Capital Advisors LLC purchased a new stake in BJ’s Wholesale Club during the 4th quarter valued at $46,000. Finally, Huntington National Bank boosted its stake in shares of BJ’s Wholesale Club by 159.9% in the 3rd quarter. Huntington National Bank now owns 668 shares of the company’s stock worth $48,000 after buying an additional 411 shares during the last quarter. 98.60% of the stock is currently owned by hedge funds and other 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.