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

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) have been given a consensus rating of “Moderate Buy” by the seventeen brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $94.00.

Several equities research analysts have weighed in on the stock. TD Cowen raised their target price on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Morgan Stanley raised their price objective on BJ’s Wholesale Club from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Roth Mkm upped 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. UBS Group raised their price target on BJ’s Wholesale Club from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Citigroup upped their price objective on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th.

BJ’s Wholesale Club Trading Up 2.4 %

BJ opened at $97.37 on Wednesday. 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 firm has a market cap of $12.86 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 4.47 and a beta of 0.32. BJ’s Wholesale Club has a 12 month low of $64.06 and a 12 month high of $100.74. The stock has a fifty day moving average price of $93.65 and a 200-day moving average price of $88.14.

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

Insider Buying and Selling at BJ’s Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the completion of the transaction, the chief executive officer now directly owns 423,792 shares of the company’s stock, valued at $36,221,502.24. The trade was a 2.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BJ. Creative Planning boosted its stake in shares of BJ’s Wholesale Club by 10.7% during the 2nd quarter. Creative Planning now owns 9,298 shares of the company’s stock worth $817,000 after acquiring an additional 898 shares in the last quarter. Neo Ivy Capital Management purchased a new position in BJ’s Wholesale Club during the third quarter worth approximately $828,000. Sanctuary Advisors LLC boosted its position in BJ’s Wholesale Club by 129.0% during the third quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock worth $3,215,000 after purchasing an additional 21,957 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of BJ’s Wholesale Club by 3.5% in the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock valued at $531,118,000 after buying an additional 217,385 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of BJ’s Wholesale Club by 44.6% in the third quarter. Quantinno Capital Management LP now owns 23,900 shares of the company’s stock valued at $1,971,000 after buying an additional 7,374 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

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.