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 nineteen analysts that are presently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $116.12.

BJ has been the topic of several research analyst reports. Wall Street Zen upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. DA Davidson upped their price target on shares of BJ’s Wholesale Club from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. Barclays increased their price objective on shares of BJ’s Wholesale Club from $80.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. JPMorgan Chase & Co. boosted their target price on shares of BJ’s Wholesale Club from $109.00 to $123.00 and gave the stock a “neutral” rating in a research note on Friday, May 9th. Finally, UBS Group reiterated a “buy” rating and set a $135.00 target price (up from $129.00) on shares of BJ’s Wholesale Club in a research report on Friday, May 23rd.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $110.23 on Friday. BJ’s Wholesale Club has a 1-year low of $76.33 and a 1-year high of $121.10. The company has a 50 day moving average of $113.81 and a 200-day moving average of $106.33. The company has a current ratio of 0.77, a quick ratio of 0.14 and a debt-to-equity ratio of 0.20. The firm has a market cap of $14.56 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 3.18 and a beta of 0.47.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.23. BJ’s Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same period in the prior year, the company earned $0.85 EPS. BJ’s Wholesale Club’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities analysts forecast 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, CEO Robert W. Eddy sold 280,400 shares of BJ’s Wholesale Club stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the transaction, the chief executive officer now directly owns 422,033 shares in the company, valued at approximately $48,242,592.23. The trade was a 39.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven L. Ortega acquired 1,740 shares of the business’s stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $114.60 per share, for a total transaction of $199,404.00. Following the acquisition, the director now directly owns 8,641 shares in the company, valued at $990,258.60. This represents a 25.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 314,592 shares of company stock worth $35,977,967 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BJ. IFP Advisors Inc boosted its holdings in shares of BJ’s Wholesale Club by 22.0% during the first quarter. IFP Advisors Inc now owns 510 shares of the company’s stock worth $58,000 after acquiring an additional 92 shares during the period. Greenleaf Trust lifted its holdings in BJ’s Wholesale Club by 4.3% during the 1st quarter. Greenleaf Trust now owns 2,450 shares of the company’s stock worth $280,000 after purchasing an additional 101 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in BJ’s Wholesale Club by 2.9% in the 1st quarter. CreativeOne Wealth LLC now owns 3,636 shares of the company’s stock valued at $415,000 after purchasing an additional 102 shares during the period. Venturi Wealth Management LLC boosted its stake in BJ’s Wholesale Club by 3.5% in the 1st quarter. Venturi Wealth Management LLC now owns 3,087 shares of the company’s stock valued at $352,000 after purchasing an additional 104 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in BJ’s Wholesale Club by 0.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company’s stock valued at $1,787,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds 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.