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

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) have earned an average recommendation of “Moderate Buy” from the nineteen analysts that are covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $114.6250.

A number of research analysts have recently issued reports on BJ shares. Evercore ISI lowered their price target on BJ’s Wholesale Club from $117.00 to $110.00 and set an “in-line” rating on the stock in a report on Monday, August 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BJ’s Wholesale Club in a report on Saturday, September 27th. DA Davidson lowered their price target on BJ’s Wholesale Club from $140.00 to $123.00 and set a “buy” rating on the stock in a report on Monday, August 25th. JPMorgan Chase & Co. lowered their price target on BJ’s Wholesale Club from $113.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, August 25th. Finally, Gordon Haskett downgraded BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a report on Friday, August 15th.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, EVP Paul Cichocki sold 58,436 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $110.08, for a total value of $6,432,634.88. Following the completion of the sale, the executive vice president owned 114,127 shares in the company, valued at $12,563,100.16. This represents a 33.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Graham Luce sold 6,300 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $99.86, for a total value of $629,118.00. Following the completion of the sale, the executive vice president owned 11,617 shares of the company’s stock, valued at approximately $1,160,073.62. The trade was a 35.16% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 108,561 shares of company stock valued at $11,735,689. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

Institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of BJ’s Wholesale Club by 92.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,456 shares of the company’s stock valued at $2,448,000 after purchasing an additional 10,326 shares during the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of BJ’s Wholesale Club during the 1st quarter worth approximately $9,805,000. Colonial River Investments LLC bought a new stake in shares of BJ’s Wholesale Club during the 1st quarter worth approximately $308,000. Diversify Wealth Management LLC lifted its stake in shares of BJ’s Wholesale Club by 30.9% during the 1st quarter. Diversify Wealth Management LLC now owns 12,776 shares of the company’s stock worth $1,488,000 after acquiring an additional 3,015 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of BJ’s Wholesale Club by 8.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,245 shares of the company’s stock worth $370,000 after acquiring an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Price Performance

BJ opened at $92.74 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.17 and a current ratio of 0.79. BJ’s Wholesale Club has a 52-week low of $83.92 and a 52-week high of $121.10. The stock has a market capitalization of $12.22 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 2.43 and a beta of 0.36. The stock’s 50 day moving average price is $100.03 and its 200-day moving average price is $107.95.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Friday, August 22nd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.04. BJ’s Wholesale Club had a return on equity of 30.40% and a net margin of 2.77%.The company had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.49 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. BJ’s Wholesale Club has set its FY 2025 guidance at 4.200-4.35 EPS. On average, equities research analysts predict that BJ’s Wholesale Club will post 3.96 EPS for the current year.

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.