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

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Rating) have been given an average recommendation of “Hold” by the eighteen research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $65.64.

Several research analysts recently issued reports on the stock. Citigroup increased their price target on shares of BJ’s Wholesale Club from $58.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, May 20th. Jefferies Financial Group increased their price objective on shares of BJ’s Wholesale Club from $69.00 to $72.00 in a research report on Thursday, June 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of BJ’s Wholesale Club from $70.00 to $74.00 in a research report on Friday, May 20th. Credit Suisse Group cut their price objective on shares of BJ’s Wholesale Club from $80.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, March 4th. Finally, Robert W. Baird reissued an “outperform” rating and set a $70.00 price objective on shares of BJ’s Wholesale Club in a research report on Monday, May 23rd.

NYSE:BJ opened at $58.61 on Friday. The company has a fifty day moving average of $62.46 and a 200 day moving average of $63.39. BJ’s Wholesale Club has a 52 week low of $45.24 and a 52 week high of $74.09. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $7.92 billion, a P/E ratio of 17.65, a P/E/G ratio of 1.99 and a beta of 0.52.

BJ’s Wholesale Club (NYSE:BJGet Rating) last posted its quarterly earnings results on Thursday, May 19th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. BJ’s Wholesale Club had a net margin of 2.65% and a return on equity of 77.13%. The company had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same period in the prior year, the business posted $0.72 EPS. The firm’s revenue was up 16.2% compared to the same quarter last year. As a group, analysts anticipate that BJ’s Wholesale Club will post 3.31 EPS for the current year.

In other news, Director Kenneth M. Parent sold 35,004 shares of BJ’s Wholesale Club stock in a transaction that occurred on Tuesday, April 5th. The shares were sold at an average price of $67.42, for a total transaction of $2,359,969.68. Following the sale, the director now owns 14,143 shares in the company, valued at $953,521.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.10% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of BJ. Great Lakes Advisors LLC purchased a new stake in shares of BJ’s Wholesale Club during the fourth quarter valued at $225,000. Comerica Bank boosted its stake in shares of BJ’s Wholesale Club by 33.5% during the third quarter. Comerica Bank now owns 109,086 shares of the company’s stock valued at $6,690,000 after purchasing an additional 27,347 shares during the period. Illinois Municipal Retirement Fund boosted its stake in shares of BJ’s Wholesale Club by 26.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 34,751 shares of the company’s stock valued at $2,327,000 after purchasing an additional 7,290 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of BJ’s Wholesale Club by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,706,628 shares of the company’s stock valued at $114,290,000 after purchasing an additional 5,546 shares during the period. Finally, Cutter & CO Brokerage Inc. boosted its stake in shares of BJ’s Wholesale Club by 1.7% during the fourth quarter. Cutter & CO Brokerage Inc. now owns 37,854 shares of the company’s stock valued at $2,535,000 after purchasing an additional 625 shares during the period. 99.98% of the stock is owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Company Profile (Get Rating)

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, Wellsleyfarms.com, and Delivery.bjs.com as well as the mobile app.

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