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

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) have been given an average rating of “Moderate Buy” by the nineteen research firms that are presently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $116.12.

A number of analysts have commented on BJ shares. Wall Street Zen raised shares of BJ’s Wholesale Club from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. DA Davidson boosted their price objective on shares of BJ’s Wholesale Club from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. Citigroup raised shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $115.00 to $130.00 in a research report on Thursday, April 3rd. Evercore ISI cut their price target on shares of BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. increased their price objective on shares of BJ’s Wholesale Club from $109.00 to $123.00 and gave the stock a “neutral” rating in a research note on Friday, May 9th.

Insider Transactions at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 17,900 shares of the business’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $107.08, for a total value of $1,916,732.00. Following the transaction, the chief executive officer owned 368,333 shares in the company, valued at $39,441,097.64. The trade was a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven L. Ortega bought 1,740 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average price of $114.60 per share, for a total transaction of $199,404.00. Following the acquisition, the director owned 8,641 shares of the company’s stock, valued at $990,258.60. This trade represents a 25.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 79,625 shares of company stock worth $8,595,110. Company insiders own 1.40% 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 BJ. Foster Victor Wealth Advisors LLC raised its holdings in shares of BJ’s Wholesale Club by 16.1% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 127,366 shares of the company’s stock worth $13,696,000 after acquiring an additional 17,678 shares during the last quarter. Ballentine Partners LLC raised its stake in shares of BJ’s Wholesale Club by 36.9% in the second quarter. Ballentine Partners LLC now owns 3,106 shares of the company’s stock worth $335,000 after purchasing an additional 838 shares during the last quarter. Yarbrough Capital LLC raised its stake in shares of BJ’s Wholesale Club by 59.7% in the second quarter. Yarbrough Capital LLC now owns 8,673 shares of the company’s stock worth $935,000 after purchasing an additional 3,242 shares during the last quarter. Covea Finance boosted its position in shares of BJ’s Wholesale Club by 50.2% during the second quarter. Covea Finance now owns 33,800 shares of the company’s stock valued at $3,645,000 after buying an additional 11,300 shares during the last quarter. Finally, Oliver Luxxe Assets LLC bought a new stake in BJ’s Wholesale Club during the second quarter worth $1,729,000. 98.60% of the stock is owned by institutional investors.

BJ’s Wholesale Club Stock Down 1.9%

Shares of BJ opened at $105.43 on Wednesday. The stock has a market cap of $13.92 billion, a price-to-earnings ratio of 24.52, a P/E/G ratio of 2.97 and a beta of 0.45. 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 company has a 50-day moving average price of $111.41 and a two-hundred day moving average price of $108.04.

BJ’s Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $5.18 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. BJ’s Wholesale Club’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities analysts predict 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.