BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Receives Average Rating of “Moderate Buy” from Brokerages

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has been assigned a consensus rating of “Moderate Buy” from the nineteen analysts that are currently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $116.12.

A number of research analysts recently weighed in on BJ shares. UBS Group reissued a “buy” rating and issued a $135.00 price objective (up from $129.00) on shares of BJ’s Wholesale Club in a research note on Friday, May 23rd. Argus raised BJ’s Wholesale Club to a “hold” rating in a research note on Friday, April 4th. Citigroup raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $115.00 to $130.00 in a research report on Thursday, April 3rd. JPMorgan Chase & Co. lifted their price target on BJ’s Wholesale Club from $109.00 to $123.00 and gave the stock a “neutral” rating in a research report on Friday, May 9th. Finally, The Goldman Sachs Group lifted their price target on BJ’s Wholesale Club from $102.00 to $121.00 and gave the stock a “buy” rating in a research report on Monday, March 10th.

BJ’s Wholesale Club Trading Up 2.1%

Shares of NYSE BJ opened at $113.36 on Tuesday. BJ’s Wholesale Club has a one year low of $76.33 and a one year high of $121.10. The firm has a market capitalization of $14.92 billion, a PE ratio of 27.25, a PEG ratio of 4.50 and a beta of 0.59. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $115.12 and a two-hundred day moving average price of $104.65.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.23. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.18 billion. During the same period last year, the business earned $0.85 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, analysts predict that BJ’s Wholesale Club will post 3.96 earnings per share for the current fiscal year.

Insider Activity at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 2,100 shares of BJ’s Wholesale Club stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $119.74, for a total value of $251,454.00. Following the completion of the transaction, the senior vice president now owns 14,240 shares in the company, valued at approximately $1,705,097.60. The trade was a 12.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Allan Steele sold 11,813 shares of BJ’s Wholesale Club stock in a transaction on Friday, March 14th. The shares were sold at an average price of $107.59, for a total value of $1,270,960.67. Following the completion of the transaction, the director now owns 24,351 shares of the company’s stock, valued at approximately $2,619,924.09. The trade was a 32.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 328,505 shares of company stock valued at $37,452,686 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BJ’s Wholesale Club

Institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd raised its position in shares of BJ’s Wholesale Club by 66.5% during the fourth quarter. Covestor Ltd now owns 288 shares of the company’s stock worth $26,000 after acquiring an additional 115 shares during the last quarter. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of BJ’s Wholesale Club during the first quarter worth $33,000. HM Payson & Co. bought a new stake in shares of BJ’s Wholesale Club during the first quarter worth $41,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of BJ’s Wholesale Club during the first quarter worth $43,000. Finally, Quarry LP bought a new stake in shares of BJ’s Wholesale Club during the first quarter worth $48,000. Institutional investors own 98.60% of the company’s stock.

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.