BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Receives Consensus Rating of "Moderate Buy" from Brokerages

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the sixteen analysts that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $86.31.

A number of analysts recently issued reports on BJ shares. JPMorgan Chase & Co. upgraded shares of BJ's Wholesale Club from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Evercore ISI increased their price objective on BJ's Wholesale Club from $86.00 to $89.00 and gave the company an "in-line" rating in a report on Thursday, June 20th. Loop Capital upped their price target on BJ's Wholesale Club from $80.00 to $85.00 and gave the company a "hold" rating in a research report on Thursday, July 11th. Wells Fargo & Company raised BJ's Wholesale Club from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $75.00 to $92.00 in a report on Friday, August 23rd. Finally, Bank of America dropped their price objective 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.

Insider Buying and Selling

In related news, EVP Graham Luce sold 16,596 shares of the firm's stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $91.15, for a total value of $1,512,725.40. Following the sale, the executive vice president now directly owns 14,131 shares of the company's stock, valued at $1,288,040.65. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the transaction, the chief executive officer now owns 445,792 shares of the company's stock, valued at approximately $35,395,884.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Graham Luce sold 16,596 shares of the firm's stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $91.15, for a total value of $1,512,725.40. Following the transaction, the executive vice president now directly owns 14,131 shares in the company, valued at $1,288,040.65. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,438 shares of company stock worth $6,946,288 over the last ninety days. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BJ's Wholesale Club

Large investors have recently bought and sold shares of the stock. Creative Planning increased its stake in shares of BJ's Wholesale Club by 37.4% in the third quarter. Creative Planning now owns 12,771 shares of the company's stock worth $1,053,000 after buying an additional 3,473 shares during the period. Factory Mutual Insurance Co. raised its position in BJ's Wholesale Club by 27.0% during the 3rd quarter. Factory Mutual Insurance Co. now owns 512,837 shares of the company's stock valued at $42,299,000 after purchasing an additional 108,900 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of BJ's Wholesale Club by 4.3% during the third quarter. Exchange Traded Concepts LLC now owns 9,495 shares of the company's stock valued at $783,000 after buying an additional 392 shares during the period. Inspire Investing LLC boosted its holdings in BJ's Wholesale Club by 8.3% in the third quarter. Inspire Investing LLC now owns 26,208 shares of the company's stock valued at $2,162,000 after acquiring an additional 2,016 shares in the last quarter. Finally, Cox Capital Mgt LLC purchased a new position in BJ's Wholesale Club during the 3rd quarter valued at $1,291,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

BJ's Wholesale Club Stock Down 1.6 %

BJ stock traded down $1.41 during trading on Monday, reaching $85.36. The stock had a trading volume of 1,572,359 shares, compared to its average volume of 1,518,014. BJ's Wholesale Club has a one year low of $63.08 and a one year high of $92.37. The company's 50 day moving average is $82.81 and its two-hundred day moving average is $83.03. The company has a market capitalization of $11.33 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 3.27 and a beta of 0.25. 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 (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 business had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $5.15 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The business's revenue was up 4.9% on a year-over-year basis. Equities research analysts forecast that BJ's Wholesale Club will post 3.82 EPS for the current year.

About BJ's Wholesale Club

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.