BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fifteen research firms that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $87.33.

BJ has been the subject of several recent analyst reports. Loop Capital upped their target price on BJ's Wholesale Club from $80.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, July 11th. Wells Fargo & Company raised BJ's Wholesale Club from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $75.00 to $92.00 in a research note on Friday, August 23rd. JPMorgan Chase & Co. raised BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $76.00 to $78.00 in a research note on Monday, August 26th. Bank of America cut their target price on BJ's Wholesale Club from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, August 23rd. Finally, Melius Research started coverage on BJ's Wholesale Club in a research report on Monday, September 23rd. They set a "buy" rating and a $90.00 price objective on the stock.

Insiders Place Their Bets

In other news, SVP Joseph Mcgrail sold 1,000 shares of BJ's Wholesale Club stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the transaction, the senior vice president now owns 13,566 shares of the company's stock, valued at $1,133,710.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company'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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Joseph Mcgrail sold 1,000 shares of the company's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the sale, the senior vice president now owns 13,566 shares of the company's stock, valued at $1,133,710.62. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,000 shares of company stock valued at $2,818,390 in the last 90 days. 2.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BJ's Wholesale Club

A number of hedge funds and other institutional investors have recently made changes to their positions in BJ. Blue Trust Inc. bought a new stake in BJ's Wholesale Club in the second quarter worth $25,000. Davis Capital Management acquired a new position in shares of BJ's Wholesale Club in the 3rd quarter valued at about $25,000. UMB Bank n.a. lifted its holdings in BJ's Wholesale Club by 375.6% in the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company's stock valued at $31,000 after purchasing an additional 293 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in shares of BJ's Wholesale Club in the third quarter valued at approximately $41,000. Finally, J.Safra Asset Management Corp purchased a new position in shares of BJ's Wholesale Club during the 2nd quarter worth $45,000. Institutional investors own 98.60% of the company's stock.

BJ's Wholesale Club Price Performance

Shares of BJ stock traded up $1.10 during trading hours on Friday, reaching $90.43. The company's stock had a trading volume of 380,046 shares, compared to its average volume of 1,470,112. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. BJ's Wholesale Club has a fifty-two week low of $63.08 and a fifty-two week high of $92.37. The company has a market capitalization of $11.99 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 3.22 and a beta of 0.24. The firm's 50 day simple moving average is $83.62 and its 200-day simple moving average is $84.30.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. BJ's Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same period last year, the company posted $0.97 EPS. The business's quarterly revenue was up 4.9% on a year-over-year basis. Sell-side analysts forecast that BJ's Wholesale Club will post 3.82 earnings per share for the current 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.