BJ’s Wholesale Club (NYSE:BJ) Shares Gap Down After Analyst Downgrade

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) gapped down prior to trading on Tuesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $89.00 to $77.00. The stock had previously closed at $69.60, but opened at $65.71. BJ’s Wholesale Club shares last traded at $65.00, with a volume of 1,189,704 shares trading hands.

A number of other equities analysts have also commented on the stock. Citigroup reduced their price target on shares of BJ’s Wholesale Club from $83.00 to $74.00 in a research report on Wednesday. Evercore ISI increased their price target on BJ’s Wholesale Club from $75.00 to $80.00 in a research report on Friday, March 10th. JPMorgan Chase & Co. decreased their target price on BJ’s Wholesale Club from $65.00 to $62.00 in a report on Wednesday. Credit Suisse Group lifted their price target on BJ’s Wholesale Club from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, March 10th. Finally, Morgan Stanley dropped their target price on shares of BJ’s Wholesale Club from $77.00 to $72.00 in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $74.25.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, EVP Jeff Desroches sold 7,059 shares of the firm’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $77.09, for a total transaction of $544,178.31. Following the transaction, the executive vice president now owns 84,822 shares in the company, valued at $6,538,927.98. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several hedge funds have recently bought and sold shares of BJ. Quantinno Capital Management LP increased its position in shares of BJ’s Wholesale Club by 3.4% in the 1st quarter. Quantinno Capital Management LP now owns 4,130 shares of the company’s stock valued at $314,000 after buying an additional 136 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its stake in BJ’s Wholesale Club by 2.7% in the third quarter. Vestmark Advisory Solutions Inc. now owns 5,401 shares of the company’s stock valued at $393,000 after acquiring an additional 143 shares during the period. Intech Investment Management LLC increased its holdings in shares of BJ’s Wholesale Club by 2.7% in the first quarter. Intech Investment Management LLC now owns 6,807 shares of the company’s stock worth $518,000 after acquiring an additional 177 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of BJ’s Wholesale Club by 5.9% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,225 shares of the company’s stock worth $245,000 after purchasing an additional 179 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of BJ’s Wholesale Club by 5.0% during the 1st quarter. CIBC Asset Management Inc now owns 3,783 shares of the company’s stock valued at $288,000 after purchasing an additional 180 shares in the last quarter. 93.72% of the stock is currently owned by institutional investors and hedge funds.

BJ’s Wholesale Club Price Performance

The company has a 50-day moving average of $74.26 and a 200-day moving average of $72.64. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.13 and a current ratio of 0.67. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 1.90 and a beta of 0.48.

BJ’s Wholesale Club (NYSE:BJ – Get Rating) last released its quarterly earnings results on Tuesday, May 23rd. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.01. BJ’s Wholesale Club had a net margin of 2.66% and a return on equity of 60.16%. The company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter in the prior year, the company earned $0.87 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, research analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.94 EPS for the current fiscal year.

About BJ’s Wholesale Club

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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.