BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Given Consensus Rating of "Moderate Buy" by Analysts

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) has earned an average recommendation of "Moderate Buy" from the sixteen analysts that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $93.25.

A number of research analysts have issued reports on BJ shares. Melius Research assumed coverage on shares of BJ's Wholesale Club in a report on Monday, September 23rd. They issued a "buy" rating and a $90.00 target price for the company. Wells Fargo & Company lifted their target price 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. Jefferies Financial Group lifted their price target 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. Bank of America decreased their price target on shares of BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, August 23rd. Finally, Morgan Stanley lifted their price target 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.

Insider Activity at BJ's Wholesale Club

In other news, CEO Robert W. Eddy sold 11,000 shares of the firm's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the transaction, the chief executive officer now owns 423,792 shares in the company, valued at approximately $36,221,502.24. This trade represents a 2.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Oddo BHF Asset Management Sas acquired a new stake in shares of BJ's Wholesale Club during the 3rd quarter valued at about $714,000. Franklin Resources Inc. boosted its position in shares of BJ's Wholesale Club by 7.6% during the 3rd quarter. Franklin Resources Inc. now owns 4,763,931 shares of the company's stock valued at $408,926,000 after acquiring an additional 337,217 shares in the last quarter. Tidal Investments LLC boosted its position in shares of BJ's Wholesale Club by 66.9% during the 3rd quarter. Tidal Investments LLC now owns 37,016 shares of the company's stock valued at $3,053,000 after acquiring an additional 14,831 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of BJ's Wholesale Club during the 3rd quarter valued at about $55,000. Finally, Sanctuary Advisors LLC lifted its holdings in BJ's Wholesale Club by 129.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 38,984 shares of the company's stock valued at $3,215,000 after purchasing an additional 21,957 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ's Wholesale Club Stock Performance

Shares of BJ traded up $1.06 during mid-day trading on Tuesday, hitting $96.27. 1,893,760 shares of the company's stock were exchanged, compared to its average volume of 1,505,176. BJ's Wholesale Club has a fifty-two week low of $63.73 and a fifty-two week high of $99.91. The firm has a market capitalization of $12.72 billion, a P/E ratio of 22.98, a P/E/G ratio of 4.53 and a beta of 0.29. The business's 50 day moving average is $87.76 and its two-hundred day moving average is $86.25. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23.

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.