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

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) have received a consensus recommendation of “Hold” from the twenty research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $107.6250.

A number of research firms recently weighed in on BJ. Evercore increased their price objective on shares of BJ’s Wholesale Club from $85.00 to $95.00 and gave the stock an “in-line” rating in a research report on Monday, November 24th. BTIG Research reiterated a “buy” rating and issued a $120.00 price target on shares of BJ’s Wholesale Club in a report on Friday, November 21st. TD Cowen reiterated a “buy” rating on shares of BJ’s Wholesale Club in a report on Monday, November 24th. DA Davidson reiterated a “buy” rating and issued a $123.00 target price on shares of BJ’s Wholesale Club in a report on Monday, November 24th. Finally, Citigroup restated a “buy” rating on shares of BJ’s Wholesale Club in a report on Friday, February 20th.

Insiders Place Their Bets

In related news, EVP William C. Werner sold 7,000 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $91.09, for a total transaction of $637,630.00. Following the sale, the executive vice president owned 50,498 shares of the company’s stock, valued at $4,599,862.82. This trade represents a 12.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

Hedge funds and other institutional investors have recently modified their holdings of the stock. BOK Financial Private Wealth Inc. acquired a new stake in BJ’s Wholesale Club during the fourth quarter worth about $25,000. Strive Financial Group LLC purchased a new stake in shares of BJ’s Wholesale Club during the 4th quarter worth about $25,000. Parkside Financial Bank & Trust grew its position in shares of BJ’s Wholesale Club by 147.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 290 shares of the company’s stock valued at $26,000 after acquiring an additional 173 shares during the period. Roxbury Financial LLC purchased a new position in shares of BJ’s Wholesale Club in the 3rd quarter valued at about $28,000. Finally, Davis Capital Management acquired a new position in BJ’s Wholesale Club in the 3rd quarter worth about $28,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Stock Down 1.8%

Shares of BJ opened at $97.17 on Thursday. The company has a quick ratio of 0.16, a current ratio of 0.79 and a debt-to-equity ratio of 0.18. BJ’s Wholesale Club has a 52-week low of $86.68 and a 52-week high of $121.10. The company has a market cap of $12.71 billion, a PE ratio of 22.39, a P/E/G ratio of 2.56 and a beta of 0.36. The business has a fifty day moving average of $95.11 and a 200 day moving average of $94.70.

About BJ’s Wholesale Club

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.