BJs Wholesale Club Holdings Inc (NYSE:BJ) Receives Average Recommendation of “Buy” from Analysts

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BJs Wholesale Club Holdings Inc (NYSE:BJ) has been given a consensus recommendation of “Buy” by the fifteen analysts that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $30.56.

BJ has been the subject of several recent research reports. Nomura initiated coverage on shares of BJs Wholesale Club in a research note on Friday, November 8th. They set a “buy” rating and a $30.00 target price for the company. Zacks Investment Research lowered shares of BJs Wholesale Club from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. ValuEngine raised shares of BJs Wholesale Club from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Wells Fargo & Co reissued a “buy” rating on shares of BJs Wholesale Club in a research note on Monday. Finally, Deutsche Bank increased their target price on shares of BJs Wholesale Club from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, August 23rd.

In related news, SVP Kristyn M. Sugrue sold 14,285 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $28.03, for a total transaction of $400,408.55. Also, EVP Scott Kessler sold 7,178 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $28.02, for a total transaction of $201,127.56. In the last 90 days, insiders have sold 3,352,761 shares of company stock worth $86,180,599. 17.70% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of BJs Wholesale Club by 17.1% during the 2nd quarter. Vanguard Group Inc. now owns 12,142,930 shares of the company’s stock worth $320,574,000 after purchasing an additional 1,774,604 shares in the last quarter. William Blair Investment Management LLC bought a new stake in BJs Wholesale Club during the second quarter worth about $144,291,000. JPMorgan Chase & Co. lifted its position in BJs Wholesale Club by 5.7% during the second quarter. JPMorgan Chase & Co. now owns 3,282,403 shares of the company’s stock worth $86,919,000 after purchasing an additional 177,110 shares during the period. Victory Capital Management Inc. lifted its position in BJs Wholesale Club by 161.0% during the second quarter. Victory Capital Management Inc. now owns 3,135,680 shares of the company’s stock worth $82,782,000 after purchasing an additional 1,934,470 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in BJs Wholesale Club by 8.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,756,472 shares of the company’s stock worth $71,310,000 after purchasing an additional 207,022 shares during the period.

Shares of NYSE:BJ traded down $0.15 during trading on Thursday, reaching $23.38. The company had a trading volume of 882,189 shares, compared to its average volume of 1,933,986. The firm’s fifty day moving average is $25.33 and its 200 day moving average is $25.08. The firm has a market capitalization of $3.23 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 1.39 and a beta of 1.32. BJs Wholesale Club has a twelve month low of $19.67 and a twelve month high of $29.41.

BJs Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, November 21st. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. BJs Wholesale Club had a net margin of 1.60% and a negative return on equity of 137.06%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.30 billion. During the same period in the prior year, the business posted $0.39 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. On average, research analysts forecast that BJs Wholesale Club will post 1.47 EPS for the current year.

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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Analyst Recommendations for BJs Wholesale Club (NYSE:BJ)

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