Gordon Haskett downgraded shares of BJ’s Wholesale Club (NYSE:BJ – Free Report) from a buy rating to a hold rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports. Gordon Haskett currently has $70.00 target price on the stock.
Other equities analysts have also recently issued research reports about the company. Citigroup cut their price target on BJ’s Wholesale Club from $74.00 to $72.00 and set a neutral rating for the company in a report on Monday, November 20th. Evercore ISI cut their price target on BJ’s Wholesale Club from $68.00 to $64.00 and set an in-line rating for the company in a report on Monday, November 20th. Roth Mkm restated a neutral rating and set a $63.00 price target on shares of BJ’s Wholesale Club in a report on Monday, November 20th. Deutsche Bank Aktiengesellschaft cut BJ’s Wholesale Club from a buy rating to a hold rating and cut their price target for the company from $79.00 to $71.00 in a report on Monday, November 6th. Finally, The Goldman Sachs Group cut BJ’s Wholesale Club from a buy rating to a neutral rating and cut their price target for the company from $75.00 to $73.00 in a report on Tuesday, October 17th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $70.76.
BJ’s Wholesale Club Stock Performance
BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last released its earnings results on Friday, November 17th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.03. BJ’s Wholesale Club had a return on equity of 43.26% and a net margin of 2.61%. The firm had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter last year, the business posted $0.99 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. Equities research analysts forecast that BJ’s Wholesale Club will post 3.85 EPS for the current fiscal year.
Insider Buying and Selling at BJ’s Wholesale Club
In other news, SVP Joseph Mcgrail sold 1,000 shares of BJ’s Wholesale Club stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $65.87, for a total value of $65,870.00. Following the transaction, the senior vice president now directly owns 10,464 shares in the company, valued at approximately $689,263.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC lifted its position in BJ’s Wholesale Club by 45.3% during the 3rd quarter. Global Retirement Partners LLC now owns 491 shares of the company’s stock worth $34,000 after acquiring an additional 153 shares during the period. ST Germain D J Co. Inc. acquired a new position in BJ’s Wholesale Club in the 2nd quarter worth about $37,000. First Horizon Advisors Inc. raised its holdings in BJ’s Wholesale Club by 41.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 665 shares of the company’s stock worth $42,000 after purchasing an additional 194 shares during the period. Huntington National Bank raised its holdings in BJ’s Wholesale Club by 159.9% in the 3rd quarter. Huntington National Bank now owns 668 shares of the company’s stock worth $48,000 after purchasing an additional 411 shares during the period. Finally, Fortis Capital Advisors LLC acquired a new position in BJ’s Wholesale Club in the 4th quarter worth about $46,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.
BJ’s Wholesale Club Company Profile
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.
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