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

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has earned a consensus rating of “Moderate Buy” from the seventeen research firms that are currently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $94.88.

Several analysts have commented on BJ shares. Jefferies Financial Group lifted their target price on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. TD Cowen lifted their price objective on BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Wells Fargo & Company increased their target price on BJ’s Wholesale Club from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Morgan Stanley lifted their price target on 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. Finally, Roth Mkm increased their price objective on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, November 25th.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its position in shares of BJ’s Wholesale Club by 7.2% during the third quarter. FMR LLC now owns 14,357,118 shares of the company’s stock worth $1,184,175,000 after purchasing an additional 966,528 shares in the last quarter. Victory Capital Management Inc. boosted its position in BJ’s Wholesale Club by 3.5% in the 3rd quarter. Victory Capital Management Inc. now owns 6,439,358 shares of the company’s stock valued at $531,118,000 after buying an additional 217,385 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of BJ’s Wholesale Club by 10.6% during the fourth quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company’s stock valued at $470,775,000 after acquiring an additional 504,958 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of BJ’s Wholesale Club by 1.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company’s stock worth $387,009,000 after acquiring an additional 43,106 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of BJ’s Wholesale Club by 1.1% in the third quarter. State Street Corp now owns 4,045,590 shares of the company’s stock worth $333,680,000 after acquiring an additional 45,288 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $103.58 on Friday. The company has a market capitalization of $13.68 billion, a P/E ratio of 24.90, a PEG ratio of 4.67 and a beta of 0.32. BJ’s Wholesale Club has a 1-year low of $68.43 and a 1-year high of $108.00. The business has a 50 day moving average price of $97.41 and a 200 day moving average price of $90.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.29. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.12 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 EPS. Sell-side analysts expect that BJ’s Wholesale Club will post 3.96 EPS for the current fiscal year.

BJ’s Wholesale Club Company Profile

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.