Credit Suisse Group Initiates Coverage on BJs Wholesale Club (NYSE:BJ)

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Research analysts at Credit Suisse Group began coverage on shares of BJs Wholesale Club (NYSE:BJ) in a research note issued to investors on Thursday, MarketBeat.com reports. The firm set an “outperform” rating and a $25.00 price target on the stock. Credit Suisse Group’s price target points to a potential upside of 14.36% from the stock’s previous close.

A number of other analysts have also recently commented on the company. Evercore ISI initiated coverage on BJs Wholesale Club in a research report on Friday, December 20th. They issued a “buy” rating for the company. ValuEngine raised BJs Wholesale Club from a “sell” rating to a “hold” rating in a research note on Monday, December 30th. Wells Fargo & Co reaffirmed a “buy” rating on shares of BJs Wholesale Club in a research note on Monday, December 9th. Nomura began coverage on BJs Wholesale Club in a research note on Friday, November 8th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Citigroup lowered BJs Wholesale Club from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $30.00 to $25.00 in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $28.71.

Shares of BJ opened at $21.86 on Thursday. The business has a 50-day simple moving average of $22.03 and a two-hundred day simple moving average of $24.15. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.17 and a beta of 1.30. BJs Wholesale Club has a 52 week low of $20.39 and a 52 week high of $29.41.

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

In related news, EVP Robert W. Eddy sold 35,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $27.21, for a total transaction of $952,350.00. Following the completion of the transaction, the executive vice president now directly owns 241,446 shares of the company’s stock, valued at $6,569,745.66. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP William C. Werner sold 8,775 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $27.26, for a total value of $239,206.50. Following the transaction, the senior vice president now directly owns 59,629 shares of the company’s stock, valued at $1,625,486.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,775 shares of company stock valued at $1,428,557. Corporate insiders own 17.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Voya Investment Management LLC boosted its stake in BJs Wholesale Club by 18.2% during the third quarter. Voya Investment Management LLC now owns 1,639,171 shares of the company’s stock valued at $42,405,000 after buying an additional 252,565 shares during the last quarter. Rheos Capital Works Inc. bought a new position in BJs Wholesale Club during the fourth quarter valued at approximately $3,968,000. First Trust Advisors LP boosted its stake in BJs Wholesale Club by 58.3% during the third quarter. First Trust Advisors LP now owns 205,955 shares of the company’s stock valued at $5,328,000 after buying an additional 75,855 shares during the last quarter. Bowling Portfolio Management LLC bought a new position in BJs Wholesale Club during the fourth quarter valued at approximately $1,042,000. Finally, Man Group plc boosted its stake in BJs Wholesale Club by 130.7% during the third quarter. Man Group plc now owns 442,976 shares of the company’s stock valued at $11,460,000 after buying an additional 250,963 shares during the last quarter.

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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