BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Receives Consensus Recommendation of “Hold” from Analysts

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has earned an average recommendation of “Hold” from the seventeen analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $82.35.

BJ has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of BJ’s Wholesale Club from $72.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, May 24th. The Goldman Sachs Group upgraded shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $81.00 to $87.00 in a research report on Monday, April 8th. Bank of America upped their price objective on shares of BJ’s Wholesale Club from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. JPMorgan Chase & Co. upped their price objective on shares of BJ’s Wholesale Club from $70.00 to $74.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 28th. Finally, Loop Capital upped their price objective on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, July 11th.

Insider Activity

In other news, EVP Jeff Desroches sold 28,842 shares of the company’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $89.86, for a total value of $2,591,742.12. Following the sale, the executive vice president now directly owns 58,452 shares of the company’s stock, valued at approximately $5,252,496.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Graham Luce sold 16,596 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the transaction, the executive vice president now directly owns 14,131 shares of the company’s stock, valued at $1,288,040.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jeff Desroches sold 28,842 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of $89.86, for a total transaction of $2,591,742.12. Following the transaction, the executive vice president now directly owns 58,452 shares in the company, valued at $5,252,496.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,544 shares of company stock valued at $6,273,484. 2.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BJ. Blue Trust Inc. bought a new position in BJ’s Wholesale Club during the second quarter worth $25,000. Rise Advisors LLC bought a new position in BJ’s Wholesale Club during the first quarter worth $26,000. Eagle Bay Advisors LLC acquired a new position in BJ’s Wholesale Club during the fourth quarter worth $40,000. J.Safra Asset Management Corp acquired a new position in BJ’s Wholesale Club during the second quarter worth $45,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in BJ’s Wholesale Club by 103.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 745 shares of the company’s stock worth $65,000 after buying an additional 379 shares during the last quarter. 98.60% of the stock is owned by institutional investors.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ opened at $86.85 on Wednesday. The firm has a 50 day moving average of $88.32 and a 200-day moving average of $78.63. The stock has a market capitalization of $11.53 billion, a PE ratio of 22.56, a PEG ratio of 3.12 and a beta of 0.23. The company has a current ratio of 0.74, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26. BJ’s Wholesale Club has a 12 month low of $63.08 and a 12 month high of $92.37.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, May 23rd. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.86 billion. BJ’s Wholesale Club had a net margin of 2.59% and a return on equity of 37.78%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 EPS. On average, equities research analysts predict that BJ’s Wholesale Club will post 3.91 EPS for the current fiscal 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.