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 rating of “Hold” from the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $74.40.

BJ has been the subject of a number of recent analyst reports. Wells Fargo & Company restated an “equal weight” rating and issued a $70.00 target price (down from $73.00) on shares of BJ’s Wholesale Club in a report on Thursday, January 4th. JPMorgan Chase & Co. boosted their target price on shares of BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an “underweight” rating in a report on Friday, March 1st. Gordon Haskett downgraded shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a report on Wednesday, February 7th. Loop Capital restated a “hold” rating and issued a $80.00 target price (down from $85.00) on shares of BJ’s Wholesale Club in a report on Thursday. Finally, Evercore ISI lowered their target price on shares of BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th.

BJ’s Wholesale Club Stock Performance

Shares of NYSE BJ opened at $73.74 on Monday. The company has a market cap of $9.80 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 3.19 and a beta of 0.26. BJ’s Wholesale Club has a 12 month low of $60.33 and a 12 month high of $80.42. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.14. The company has a 50-day simple moving average of $73.91 and a 200-day simple moving average of $69.38.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, March 7th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The business had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.38 billion. BJ’s Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 earnings per share. On average, equities analysts anticipate that BJ’s Wholesale Club will post 3.91 earnings per share for the current year.

Insider Transactions at BJ’s Wholesale Club

In other news, EVP Monica Schwartz sold 13,578 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $78.81, for a total transaction of $1,070,082.18. Following the transaction, the executive vice president now directly owns 13,545 shares of the company’s stock, valued at $1,067,481.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Monica Schwartz sold 13,578 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $78.81, for a total transaction of $1,070,082.18. Following the transaction, the executive vice president now directly owns 13,545 shares of the company’s stock, valued at $1,067,481.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $77.37, for a total transaction of $77,370.00. Following the transaction, the senior vice president now directly owns 12,905 shares in the company, valued at $998,459.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,840 shares of company stock valued at $7,408,605. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

Several institutional investors have recently added to or reduced their stakes in BJ. FMR LLC raised its holdings in BJ’s Wholesale Club by 39.7% in the third quarter. FMR LLC now owns 16,013,702 shares of the company’s stock valued at $1,142,898,000 after acquiring an additional 4,548,963 shares in the last quarter. Morgan Stanley raised its holdings in BJ’s Wholesale Club by 180.8% in the fourth quarter. Morgan Stanley now owns 2,615,939 shares of the company’s stock valued at $173,071,000 after acquiring an additional 1,684,174 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of BJ’s Wholesale Club by 145.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,422,594 shares of the company’s stock worth $163,792,000 after purchasing an additional 1,436,785 shares during the period. Norges Bank acquired a new stake in shares of BJ’s Wholesale Club during the fourth quarter worth $89,816,000. Finally, Eaton Vance Management raised its holdings in shares of BJ’s Wholesale Club by 323.5% during the first quarter. Eaton Vance Management now owns 1,719,134 shares of the company’s stock worth $116,230,000 after purchasing an additional 1,313,206 shares during the period. 98.60% of the stock is owned by institutional investors and hedge funds.

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.