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

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Rating) have earned a consensus rating of “Hold” from the eighteen research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $76.81.

Several equities research analysts have commented on the stock. Roth Capital reaffirmed a “neutral” rating on shares of BJ’s Wholesale Club in a research note on Friday, March 10th. Loop Capital lowered their price objective on shares of BJ’s Wholesale Club from $95.00 to $85.00 in a research report on Tuesday, December 20th. Wells Fargo & Company lowered their price objective on shares of BJ’s Wholesale Club from $81.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, January 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of BJ’s Wholesale Club from $89.00 to $93.00 in a research report on Friday, March 10th. Finally, Morgan Stanley increased their price objective on shares of BJ’s Wholesale Club from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Friday, March 10th.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 1,716 shares of the stock in a transaction on Monday, February 13th. The shares were sold at an average price of $74.83, for a total value of $128,408.28. Following the completion of the sale, the executive vice president now owns 91,881 shares in the company, valued at $6,875,455.23. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 1,716 shares of the stock in a transaction on Monday, February 13th. The shares were sold at an average price of $74.83, for a total value of $128,408.28. Following the completion of the sale, the executive vice president now owns 91,881 shares in the company, valued at $6,875,455.23. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert W. Eddy sold 5,031 shares of the stock in a transaction on Monday, January 30th. The shares were sold at an average price of $70.36, for a total transaction of $353,981.16. Following the completion of the sale, the chief executive officer now owns 178,725 shares of the company’s stock, valued at approximately $12,575,091. The disclosure for this sale can be found here. Insiders sold a total of 15,206 shares of company stock worth $1,124,675 over the last quarter. 2.10% of the stock is currently owned by insiders.

Institutional Trading of BJ’s Wholesale Club

A number of hedge funds have recently modified their holdings of BJ. Morgan Stanley lifted its stake in shares of BJ’s Wholesale Club by 180.8% during the 4th quarter. Morgan Stanley now owns 2,615,939 shares of the company’s stock worth $173,071,000 after buying an additional 1,684,174 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of BJ’s Wholesale Club by 145.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,422,594 shares of the company’s stock worth $163,792,000 after buying an additional 1,436,785 shares during the last quarter. Norges Bank acquired a new stake in shares of BJ’s Wholesale Club during the 4th quarter worth about $89,816,000. Eaton Vance Management raised its stake in BJ’s Wholesale Club by 323.5% in the 1st quarter. Eaton Vance Management now owns 1,719,134 shares of the company’s stock worth $116,230,000 after purchasing an additional 1,313,206 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in BJ’s Wholesale Club by 162.6% in the 3rd quarter. Marshall Wace LLP now owns 2,113,286 shares of the company’s stock worth $153,866,000 after purchasing an additional 1,308,643 shares in the last quarter. Institutional investors and hedge funds own 93.72% of the company’s stock.

BJ’s Wholesale Club Trading Down 1.0 %

Shares of NYSE BJ opened at $75.12 on Friday. The company’s 50 day simple moving average is $72.46 and its 200 day simple moving average is $72.77. BJ’s Wholesale Club has a fifty-two week low of $51.45 and a fifty-two week high of $80.41. The firm has a market capitalization of $10.15 billion, a P/E ratio of 20.03, a P/E/G ratio of 2.05 and a beta of 0.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.67 and a quick ratio of 0.13.

BJ’s Wholesale Club (NYSE:BJGet Rating) last issued its earnings results on Thursday, March 9th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.89 by $0.11. BJ’s Wholesale Club had a net margin of 2.66% and a return on equity of 60.16%. The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the firm earned $0.80 earnings per share. The business’s quarterly revenue was up 13.1% on a year-over-year basis. On average, analysts predict that BJ’s Wholesale Club will post 3.98 EPS for the current year.

BJ’s Wholesale Club Company Profile

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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.

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Analyst Recommendations for BJ's Wholesale Club (NYSE:BJ)

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