BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Given Consensus Rating of “Moderate Buy” by Brokerages

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has been given an average rating of “Moderate Buy” by the nineteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $116.12.

A number of analysts have weighed in on BJ shares. Robert W. Baird boosted their price target on BJ’s Wholesale Club from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, May 23rd. The Goldman Sachs Group boosted their target price on BJ’s Wholesale Club from $102.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, March 10th. Barclays increased their price target on BJ’s Wholesale Club from $80.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. Roth Capital reissued a “neutral” rating and issued a $106.00 price target (up previously from $101.00) on shares of BJ’s Wholesale Club in a research report on Wednesday, May 28th. Finally, DA Davidson boosted their price objective on shares of BJ’s Wholesale Club from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, May 23rd.

Insider Buying and Selling

In other news, CEO Robert W. Eddy sold 17,900 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $111.98, for a total value of $2,004,442.00. Following the completion of the transaction, the chief executive officer now owns 386,233 shares in the company, valued at approximately $43,250,371.34. This represents a 4.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Joseph Mcgrail sold 2,100 shares of BJ’s Wholesale Club stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total transaction of $251,454.00. Following the sale, the senior vice president now owns 14,240 shares in the company, valued at approximately $1,705,097.60. This trade represents a 12.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 314,592 shares of company stock valued at $35,977,967 over the last three months. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BJ’s Wholesale Club

Large investors have recently modified their holdings of the stock. Voya Investment Management LLC lifted its position in shares of BJ’s Wholesale Club by 24.2% during the 1st quarter. Voya Investment Management LLC now owns 29,878 shares of the company’s stock worth $3,409,000 after buying an additional 5,815 shares during the period. Strs Ohio acquired a new position in BJ’s Wholesale Club during the first quarter worth $24,569,000. Geneos Wealth Management Inc. lifted its holdings in shares of BJ’s Wholesale Club by 23,894.5% during the first quarter. Geneos Wealth Management Inc. now owns 30,473 shares of the company’s stock valued at $3,477,000 after acquiring an additional 30,346 shares during the period. Belpointe Asset Management LLC bought a new position in shares of BJ’s Wholesale Club during the first quarter valued at $1,153,000. Finally, Fortis Capital Advisors LLC acquired a new stake in shares of BJ’s Wholesale Club in the 1st quarter valued at $1,153,000. 98.60% of the stock is currently owned by institutional investors.

BJ’s Wholesale Club Trading Up 1.8%

Shares of NYSE:BJ opened at $110.23 on Friday. The firm has a fifty day moving average of $113.81 and a two-hundred day moving average of $106.33. The company has a quick ratio of 0.14, a current ratio of 0.77 and a debt-to-equity ratio of 0.20. BJ’s Wholesale Club has a 12-month low of $76.33 and a 12-month high of $121.10. The firm has a market capitalization of $14.56 billion, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 3.18 and a beta of 0.47.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.91 by $0.23. BJ’s Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same quarter in the prior year, the business posted $0.85 EPS. BJ’s Wholesale Club’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities analysts expect that BJ’s Wholesale Club will post 3.96 EPS for the current fiscal year.

About BJ’s Wholesale Club

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.