BJs Wholesale Club Holdings Inc (NYSE:BJ) has received an average recommendation of “Hold” from the twenty brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $30.54.
A number of research firms recently commented on BJ. Zacks Investment Research downgraded BJs Wholesale Club from a “buy” rating to a “sell” rating in a report on Monday, May 27th. Wells Fargo & Co increased their price objective on BJs Wholesale Club from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, March 29th. Evercore ISI began coverage on BJs Wholesale Club in a report on Wednesday, March 20th. They issued an “outperform” rating and a $30.00 price objective on the stock. Nomura dropped their price objective on BJs Wholesale Club from $29.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Finally, Morgan Stanley set a $28.00 price objective on BJs Wholesale Club and gave the stock a “hold” rating in a report on Friday, May 24th.
Shares of BJ opened at $24.54 on Thursday. BJs Wholesale Club has a fifty-two week low of $19.31 and a fifty-two week high of $32.92. The stock has a market capitalization of $3.44 billion and a PE ratio of 21.53.
BJs Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, May 23rd. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. BJs Wholesale Club had a negative return on equity of 72.36% and a net margin of 1.14%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.12 billion. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Sell-side analysts forecast that BJs Wholesale Club will post 1.47 earnings per share for the current fiscal year.
In other news, major shareholder Cvc European Equity V. Ltd sold 8,750,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $24.53, for a total value of $214,637,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeff Desroches sold 26,606 shares of the stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $27.50, for a total value of $731,665.00. The disclosure for this sale can be found here. Insiders have sold 9,167,524 shares of company stock valued at $226,125,693 in the last ninety days. Company insiders own 17.70% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of BJ. PNC Financial Services Group Inc. boosted its position in shares of BJs Wholesale Club by 201.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,165 shares of the company’s stock valued at $26,000 after acquiring an additional 778 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of BJs Wholesale Club in the fourth quarter valued at $73,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of BJs Wholesale Club in the fourth quarter valued at $81,000. QS Investors LLC acquired a new position in shares of BJs Wholesale Club in the fourth quarter valued at $89,000. Finally, Great West Life Assurance Co. Can acquired a new position in shares of BJs Wholesale Club in the fourth quarter valued at $199,000. 89.01% of the stock is owned by institutional investors.
BJs Wholesale Club Company Profile
BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.
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