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

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has been given a consensus recommendation of “Moderate Buy” by the seventeen ratings firms that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $94.00.

Several research analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. Citigroup lifted their price target on BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. UBS Group upped their price objective on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Jefferies Financial Group lifted their target price on BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Roth Mkm upped their price target on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, November 25th.

Insider Activity

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

Institutional Trading of BJ’s Wholesale Club

Several institutional investors have recently made changes to their positions in BJ. Lord Abbett & CO. LLC increased its stake in BJ’s Wholesale Club by 11.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,371,169 shares of the company’s stock valued at $113,094,000 after buying an additional 136,082 shares during the period. Oddo BHF Asset Management Sas acquired a new position in shares of BJ’s Wholesale Club in the third quarter worth $714,000. Franklin Resources Inc. increased its stake in shares of BJ’s Wholesale Club by 7.6% in the third quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company’s stock worth $408,926,000 after acquiring an additional 337,217 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of BJ’s Wholesale Club by 66.9% during the third quarter. Tidal Investments LLC now owns 37,016 shares of the company’s stock worth $3,053,000 after acquiring an additional 14,831 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in BJ’s Wholesale Club during the third quarter valued at $55,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Down 1.7 %

BJ’s Wholesale Club stock opened at $92.79 on Friday. The firm has a market capitalization of $12.26 billion, a P/E ratio of 22.31, a P/E/G ratio of 4.69 and a beta of 0.29. The company has a 50-day simple moving average of $91.73 and a 200-day simple moving average of $87.61. BJ’s Wholesale Club has a one year low of $64.06 and a one year high of $100.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.29. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.12 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities analysts expect that BJ’s Wholesale Club will post 3.95 earnings per share for the current year.

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.