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

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) have received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $93.25.

Several equities analysts recently commented on BJ shares. UBS Group upped their price target on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Melius Research started coverage on shares of BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target on the stock. Jefferies Financial Group upped their target price on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $76.00 to $78.00 in a research note on Monday, August 26th. Finally, Roth Mkm lifted their target price on BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, November 25th.

Insider Transactions at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $85.47, for a total value of $940,170.00. Following the completion of the sale, the chief executive officer now owns 423,792 shares of the company’s stock, valued at $36,221,502.24. This trade represents a 2.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On BJ’s Wholesale Club

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Planning increased its holdings in shares of BJ’s Wholesale Club by 10.7% during the second quarter. Creative Planning now owns 9,298 shares of the company’s stock valued at $817,000 after acquiring an additional 898 shares in the last quarter. Raymond James & Associates raised its holdings in shares of BJ’s Wholesale Club by 99.9% in the second 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. Victory Capital Management Inc. lifted its stake in shares of BJ’s Wholesale Club by 3.5% during the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock worth $531,118,000 after buying an additional 217,385 shares during the period. LVW Advisors LLC acquired a new stake in shares of BJ’s Wholesale Club during the second quarter worth $589,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of BJ’s Wholesale Club by 123.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,500 shares of the company’s stock valued at $132,000 after buying an additional 828 shares during the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Stock Down 1.3 %

Shares of NYSE:BJ opened at $95.09 on Tuesday. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 4.53 and a beta of 0.24. BJ’s Wholesale Club has a 12 month low of $63.73 and a 12 month high of $99.91. 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 company has a 50-day moving average price of $87.48 and a 200 day moving average price of $86.14.

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.