BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Given Average Rating of “Moderate Buy” by Brokerages

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has earned a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $94.00.

Several brokerages have recently issued reports on BJ. Citigroup upped their target price on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Morgan Stanley upped their target price on shares of BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. Wells Fargo & Company increased their price target on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. TD Cowen increased their price target on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group increased their price target on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st.

Insider Activity

In other news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $85.47, for a total value of $940,170.00. Following the completion of the transaction, the chief executive officer now owns 423,792 shares in the company, valued at $36,221,502.24. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

Hedge funds have recently added to or reduced their stakes in the business. Davis Capital Management purchased a new position in BJ’s Wholesale Club during the 3rd quarter valued at about $25,000. UMB Bank n.a. increased its holdings in BJ’s Wholesale Club by 375.6% during the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after acquiring an additional 293 shares in the last quarter. Reston Wealth Management LLC purchased a new position in BJ’s Wholesale Club during the 3rd quarter valued at about $41,000. Wilmington Savings Fund Society FSB purchased a new position in BJ’s Wholesale Club during the 3rd quarter valued at about $55,000. Finally, Blue Trust Inc. increased its holdings in BJ’s Wholesale Club by 198.6% during the 3rd quarter. Blue Trust Inc. now owns 863 shares of the company’s stock valued at $76,000 after acquiring an additional 574 shares in the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Trading Down 1.0 %

Shares of NYSE:BJ opened at $98.58 on Wednesday. The company’s 50 day moving average is $94.68 and its two-hundred day moving average is $88.43. BJ’s Wholesale Club has a 52 week low of $64.06 and a 52 week high of $100.74. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The company has a market cap of $13.02 billion, a PE ratio of 23.70, a P/E/G ratio of 4.48 and a beta of 0.32.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.29. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.12 billion. During the same quarter in the prior year, the business posted $0.98 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts predict that BJ’s Wholesale Club will post 3.95 earnings per share for the current fiscal year.

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 groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.