Brokerages Set BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Target Price at $87.33

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has received a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $87.33.

A number of research firms recently commented on BJ. Roth Mkm increased their target price on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Wells Fargo & Company raised BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $75.00 to $92.00 in a report on Friday, August 23rd. Bank of America decreased their target price on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Finally, Melius Research began coverage on BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 price target on the stock.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the completion of the transaction, the chief executive officer now directly owns 445,792 shares of the company’s stock, valued at $35,395,884.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the sale, the chief executive officer now directly owns 445,792 shares of the company’s stock, valued at approximately $35,395,884.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,000 shares of company stock valued at $2,818,390. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of BJ’s Wholesale Club

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. purchased a new position in shares of BJ’s Wholesale Club during the 2nd quarter worth $25,000. Davis Capital Management acquired a new position in BJ’s Wholesale Club in the third quarter valued at $25,000. UMB Bank n.a. lifted its position in BJ’s Wholesale Club by 375.6% during the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after buying an additional 293 shares during the period. Reston Wealth Management LLC acquired a new stake in BJ’s Wholesale Club in the 3rd quarter worth about $41,000. Finally, J.Safra Asset Management Corp purchased a new stake in BJ’s Wholesale Club in the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

Shares of BJ opened at $90.29 on Friday. BJ’s Wholesale Club has a 1 year low of $63.08 and a 1 year high of $92.37. The stock has a market capitalization of $11.97 billion, a PE ratio of 22.80, a PEG ratio of 3.31 and a beta of 0.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76. The stock has a 50-day simple moving average of $83.83 and a 200-day simple moving average of $84.54.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.15 billion. BJ’s Wholesale Club had a net margin of 2.62% and a return on equity of 36.12%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $0.97 EPS. On average, analysts predict that BJ’s Wholesale Club will post 3.82 earnings per share 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.