BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Receives $86.31 Average PT from Analysts

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) have received an average rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $86.31.

A number of equities research analysts have recently issued reports on the stock. Roth Mkm boosted their price objective on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Melius Research assumed coverage on shares of BJ’s Wholesale Club in a research report on Monday, September 23rd. They set a “buy” rating and a $90.00 price objective for the company. Loop Capital boosted their price objective on shares of 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. JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Finally, Bank of America cut their price objective on shares of BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 23rd.

BJ’s Wholesale Club Trading Up 2.6 %

NYSE:BJ opened at $87.81 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt-to-equity ratio of 0.24. BJ’s Wholesale Club has a 12 month low of $63.08 and a 12 month high of $92.37. The company has a market cap of $11.65 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 3.27 and a beta of 0.25. The company has a 50 day simple moving average of $83.01 and a two-hundred day simple moving average of $83.30.

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

Insiders Place Their Bets

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $87.60, for a total value of $963,600.00. Following the sale, the chief executive officer now owns 456,792 shares of the company’s stock, valued at $40,014,979.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $83.57, for a total transaction of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $87.60, for a total value of $963,600.00. Following the transaction, the chief executive officer now directly owns 456,792 shares in the company, valued at approximately $40,014,979.20. This 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 $2,841,820 in the last quarter. 2.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

Several large investors have recently modified their holdings of BJ. Creative Planning grew its position in BJ’s Wholesale Club by 10.7% in the 2nd quarter. Creative Planning now owns 9,298 shares of the company’s stock valued at $817,000 after acquiring an additional 898 shares during the last quarter. BNP Paribas Financial Markets grew its position in BJ’s Wholesale Club by 231.3% in the 1st quarter. BNP Paribas Financial Markets now owns 222,461 shares of the company’s stock valued at $16,829,000 after acquiring an additional 155,316 shares during the last quarter. Raymond James & Associates grew its position in BJ’s Wholesale Club by 99.9% in the 2nd quarter. Raymond James & Associates now owns 764,474 shares of the company’s stock valued at $67,151,000 after acquiring an additional 382,114 shares during the last quarter. Tidal Investments LLC grew its position in BJ’s Wholesale Club by 96.8% in the 1st quarter. Tidal Investments LLC now owns 19,840 shares of the company’s stock valued at $1,501,000 after acquiring an additional 9,759 shares during the last quarter. Finally, Kapitalo Investimentos Ltda grew its position in BJ’s Wholesale Club by 1,768.0% in the 4th quarter. Kapitalo Investimentos Ltda now owns 9,695 shares of the company’s stock valued at $646,000 after acquiring an additional 9,176 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.

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.