BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Receives Average Rating of “Buy” from Analysts

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Rating) have received a consensus rating of “Hold” from the eighteen brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $65.64.

A number of equities analysts have recently weighed in on the company. Robert W. Baird reiterated an “outperform” rating and set a $70.00 price target on shares of BJ’s Wholesale Club in a report on Monday, May 23rd. Citigroup increased their price target on BJ’s Wholesale Club from $58.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, May 20th. Deutsche Bank Aktiengesellschaft increased their price target on BJ’s Wholesale Club from $70.00 to $74.00 in a report on Friday, May 20th. Jefferies Financial Group increased their price target on BJ’s Wholesale Club from $69.00 to $72.00 in a report on Thursday, June 2nd. Finally, Credit Suisse Group lowered their price target on BJ’s Wholesale Club from $80.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, March 4th.

Shares of BJ opened at $58.61 on Friday. BJ’s Wholesale Club has a 52-week low of $45.24 and a 52-week high of $74.09. The company has a market capitalization of $7.92 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.99 and a beta of 0.52. The stock has a fifty day simple moving average of $62.46 and a two-hundred day simple moving average of $63.39. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 1.04.

BJ’s Wholesale Club (NYSE:BJGet Rating) last issued its earnings results on Thursday, May 19th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. BJ’s Wholesale Club had a return on equity of 77.13% and a net margin of 2.65%. The business had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same period last year, the company earned $0.72 EPS. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. As a group, equities analysts anticipate that BJ’s Wholesale Club will post 3.31 earnings per share for the current fiscal year.

In other news, Director Kenneth M. Parent sold 35,004 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, April 5th. The stock was sold at an average price of $67.42, for a total value of $2,359,969.68. Following the completion of the transaction, the director now owns 14,143 shares in the company, valued at approximately $953,521.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of BJ’s Wholesale Club by 4.7% during the 4th quarter. BlackRock Inc. now owns 15,634,593 shares of the company’s stock worth $1,047,047,000 after acquiring an additional 703,502 shares in the last quarter. State Street Corp raised its position in shares of BJ’s Wholesale Club by 3.4% during the 1st quarter. State Street Corp now owns 4,445,807 shares of the company’s stock worth $300,581,000 after acquiring an additional 147,014 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of BJ’s Wholesale Club during the 4th quarter worth about $256,944,000. Lord Abbett & CO. LLC raised its position in shares of BJ’s Wholesale Club by 21.3% during the 1st quarter. Lord Abbett & CO. LLC now owns 3,428,378 shares of the company’s stock worth $231,788,000 after acquiring an additional 603,057 shares in the last quarter. Finally, River Road Asset Management LLC raised its position in shares of BJ’s Wholesale Club by 30.8% during the 1st quarter. River Road Asset Management LLC now owns 2,991,651 shares of the company’s stock worth $202,266,000 after acquiring an additional 704,596 shares in the last quarter. 99.98% of the stock is currently owned by institutional investors and hedge funds.

About BJ’s Wholesale Club (Get Rating)

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, Wellsleyfarms.com, and Delivery.bjs.com as well as the mobile app.

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Analyst Recommendations for BJ's Wholesale Club (NYSE:BJ)

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