Roth Mkm Reiterates “Neutral” Rating for BJ’s Wholesale Club (NYSE:BJ)

BJ’s Wholesale Club (NYSE:BJ)‘s stock had its “neutral” rating reiterated by Roth Mkm in a research note issued to investors on Monday, Benzinga reports. They presently have a $63.00 price target on the stock. Roth Mkm’s target price points to a potential downside of 1.65% from the stock’s previous close.

Other analysts have also issued reports about the stock. UBS Group reduced their price objective on shares of BJ’s Wholesale Club from $83.00 to $81.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. Morgan Stanley lowered their price objective on shares of BJ’s Wholesale Club from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 23rd. TD Cowen began coverage on shares of BJ’s Wholesale Club in a research note on Thursday, September 14th. They set an “outperform” rating and a $80.00 target price on the stock. The Goldman Sachs Group cut BJ’s Wholesale Club from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $75.00 to $73.00 in a research report on Tuesday, October 17th. Finally, Bank of America dropped their price target on BJ’s Wholesale Club from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, August 23rd. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $71.44.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ traded down $0.29 during trading hours on Monday, hitting $64.06. 1,105,024 shares of the company’s stock traded hands, compared to its average volume of 1,760,281. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.12 and a current ratio of 0.71. The company’s fifty day simple moving average is $69.75 and its two-hundred day simple moving average is $67.13. BJ’s Wholesale Club has a 52 week low of $60.33 and a 52 week high of $78.88. The company has a market cap of $8.57 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 3.16 and a beta of 0.37.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Friday, November 17th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.03. BJ’s Wholesale Club had a return on equity of 47.80% and a net margin of 2.61%. The business had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the company posted $0.99 EPS. The company’s revenue was up .7% compared to the same quarter last year. As a group, equities analysts anticipate that BJ’s Wholesale Club will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP William C. Werner sold 3,799 shares of BJ’s Wholesale Club stock in a transaction on Monday, September 18th. The shares were sold at an average price of $70.65, for a total value of $268,399.35. Following the completion of the sale, the executive vice president now owns 31,081 shares of the company’s stock, valued at approximately $2,195,872.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP William C. Werner sold 3,799 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $70.65, for a total transaction of $268,399.35. Following the transaction, the executive vice president now owns 31,081 shares of the company’s stock, valued at approximately $2,195,872.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP William C. Werner sold 890 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $72.47, for a total value of $64,498.30. Following the completion of the sale, the executive vice president now owns 29,357 shares of the company’s stock, valued at $2,127,501.79. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,653 shares of company stock worth $8,306,084. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

A number of institutional investors have recently made changes to their positions in BJ. Summit Trail Advisors LLC grew its holdings in BJ’s Wholesale Club by 37.8% in the 2nd quarter. Summit Trail Advisors LLC now owns 8,094 shares of the company’s stock valued at $510,000 after buying an additional 2,220 shares during the last quarter. Linden Thomas Advisory Services LLC increased its position in BJ’s Wholesale Club by 19.5% during the second quarter. Linden Thomas Advisory Services LLC now owns 8,643 shares of the company’s stock worth $545,000 after acquiring an additional 1,412 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in BJ’s Wholesale Club by 3.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 24,029 shares of the company’s stock valued at $1,514,000 after purchasing an additional 837 shares during the last quarter. Park Place Capital Corp acquired a new position in BJ’s Wholesale Club during the 1st quarter valued at $88,000. Finally, Eagle Asset Management Inc. boosted its holdings in BJ’s Wholesale Club by 14.7% in the 1st quarter. Eagle Asset Management Inc. now owns 12,624 shares of the company’s stock valued at $960,000 after purchasing an additional 1,620 shares during the period. 98.60% of the stock is currently owned by institutional investors.

About BJ’s Wholesale Club

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