BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Receives $94.88 Average Target Price from Analysts

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) have earned a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $94.88.

BJ has been the subject of a number of analyst reports. TD Cowen lifted their price objective on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Roth Mkm lifted their price objective on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Morgan Stanley lifted their price objective 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. UBS Group lifted their price objective on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Jefferies Financial Group lifted their price objective on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, November 21st.

BJ’s Wholesale Club Trading Down 2.1 %

BJ opened at $101.44 on Friday. BJ’s Wholesale Club has a 1-year low of $68.53 and a 1-year high of $108.00. 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 $13.40 billion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 4.60 and a beta of 0.32. The company has a fifty day moving average price of $97.49 and a two-hundred day moving average price of $90.33.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.29. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.12 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. Analysts predict that BJ’s Wholesale Club will post 3.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Neo Ivy Capital Management purchased a new stake in BJ’s Wholesale Club in the third quarter worth $828,000. Sanctuary Advisors LLC raised its stake in shares of BJ’s Wholesale Club by 129.0% in the third quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company’s stock valued at $3,215,000 after buying an additional 21,957 shares during the period. Victory Capital Management Inc. raised its stake in shares of BJ’s Wholesale Club by 3.5% in the third quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock valued at $531,118,000 after buying an additional 217,385 shares during the period. Oak Harvest Investment Services bought a new stake in shares of BJ’s Wholesale Club in the fourth quarter valued at $670,000. Finally, Quantinno Capital Management LP raised its stake in shares of BJ’s Wholesale Club by 44.6% in the third quarter. Quantinno Capital Management LP now owns 23,900 shares of the company’s stock valued at $1,971,000 after buying an additional 7,374 shares during the period. 98.60% of the stock is owned by institutional investors.

About BJ’s Wholesale Club

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.