BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Receives Average Rating of “Moderate Buy” from Analysts

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has been assigned an average rating of “Moderate Buy” from the nineteen research firms that are presently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $116.12.

BJ has been the topic of a number of analyst reports. Morgan Stanley raised their price objective on shares of BJ’s Wholesale Club from $115.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, May 23rd. DA Davidson raised their price objective on shares of BJ’s Wholesale Club from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, May 23rd. Roth Capital restated a “neutral” rating and issued a $106.00 price objective (up from $101.00) on shares of BJ’s Wholesale Club in a report on Wednesday, May 28th. Evercore ISI reduced their price objective on shares of BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating on the stock in a report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of BJ’s Wholesale Club from $109.00 to $123.00 and gave the company a “neutral” rating in a report on Friday, May 9th.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $113.78 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.77 and a debt-to-equity ratio of 0.20. BJ’s Wholesale Club has a 52 week low of $76.33 and a 52 week high of $121.10. The stock has a market capitalization of $15.02 billion, a PE ratio of 26.46, a P/E/G ratio of 3.35 and a beta of 0.47. The firm has a 50 day moving average of $113.57 and a two-hundred day moving average of $106.71.

BJ’s Wholesale Club (NYSE:BJ) last issued its quarterly earnings results on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.91 by $0.23. BJ’s Wholesale Club had a net margin of 2.76% and a return on equity of 31.98%. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.18 billion. During the same quarter last year, the company posted $0.85 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. On average, research analysts predict that BJ’s Wholesale Club will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling

In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 2,100 shares of BJ’s Wholesale Club stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total value of $251,454.00. Following the transaction, the senior vice president now directly owns 14,240 shares in the company, valued at approximately $1,705,097.60. The trade was a 12.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert W. Eddy sold 17,900 shares of BJ’s Wholesale Club stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $111.98, for a total transaction of $2,004,442.00. Following the completion of the transaction, the chief executive officer now owns 386,233 shares in the company, valued at approximately $43,250,371.34. This represents a 4.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 314,592 shares of company stock worth $35,977,967 in the last ninety days. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Clearbridge Investments LLC boosted its holdings in shares of BJ’s Wholesale Club by 11.8% in the fourth quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company’s stock valued at $208,218,000 after acquiring an additional 245,731 shares in the last quarter. Contravisory Investment Management Inc. purchased a new stake in shares of BJ’s Wholesale Club in the first quarter valued at about $9,805,000. Intech Investment Management LLC boosted its holdings in shares of BJ’s Wholesale Club by 278.6% in the fourth quarter. Intech Investment Management LLC now owns 53,968 shares of the company’s stock valued at $4,822,000 after acquiring an additional 39,713 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in shares of BJ’s Wholesale Club by 151.8% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 19,784 shares of the company’s stock valued at $1,768,000 after acquiring an additional 11,928 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of BJ’s Wholesale Club in the fourth quarter valued at about $307,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

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.