Analysts Set BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) PT at $74.40

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has received a consensus recommendation of “Hold” from the fourteen research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $74.40.

Several equities analysts have recently issued reports on BJ shares. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $70.00 price target (down previously from $73.00) on shares of BJ’s Wholesale Club in a research note on Thursday, January 4th. The Goldman Sachs Group raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $81.00 to $87.00 in a report on Monday, April 8th. Evercore ISI reduced their price target on BJ’s Wholesale Club from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. JPMorgan Chase & Co. raised their price objective on BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an “underweight” rating in a research report on Friday, March 1st. Finally, Gordon Haskett lowered BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research note on Wednesday, February 7th.

Insider Activity

In other BJ’s Wholesale Club news, Director Christopher J. Baldwin sold 73,062 shares of BJ’s Wholesale Club stock in a transaction on Monday, March 11th. The shares were sold at an average price of $73.95, for a total value of $5,402,934.90. Following the completion of the sale, the director now directly owns 173,294 shares of the company’s stock, valued at $12,815,091.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other BJ’s Wholesale Club news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $77.37, for a total transaction of $77,370.00. Following the completion of the sale, the senior vice president now owns 12,905 shares in the company, valued at approximately $998,459.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher J. Baldwin sold 73,062 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the completion of the transaction, the director now directly owns 173,294 shares in the company, valued at $12,815,091.30. The disclosure for this sale can be found here. Insiders sold 98,840 shares of company stock worth $7,408,605 in the last quarter. 2.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BJ’s Wholesale Club

Several hedge funds and other institutional investors have recently made changes to their positions in BJ. Rise Advisors LLC purchased a new stake in BJ’s Wholesale Club in the 1st quarter valued at $26,000. Global Retirement Partners LLC raised its holdings in shares of BJ’s Wholesale Club by 45.3% in the third quarter. Global Retirement Partners LLC now owns 491 shares of the company’s stock valued at $34,000 after purchasing an additional 153 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of BJ’s Wholesale Club in the fourth quarter valued at about $40,000. Huntington National Bank lifted its position in shares of BJ’s Wholesale Club by 159.9% during the third quarter. Huntington National Bank now owns 668 shares of the company’s stock valued at $48,000 after purchasing an additional 411 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in BJ’s Wholesale Club by 23.9% during the third quarter. First Horizon Advisors Inc. now owns 824 shares of the company’s stock worth $59,000 after purchasing an additional 159 shares during the last quarter. 98.60% of the stock is owned by institutional investors.

BJ’s Wholesale Club Price Performance

Shares of BJ opened at $75.77 on Monday. The company has a quick ratio of 0.14, a current ratio of 0.73 and a debt-to-equity ratio of 0.27. The stock has a market cap of $10.07 billion, a PE ratio of 19.58, a PEG ratio of 3.20 and a beta of 0.26. BJ’s Wholesale Club has a 12-month low of $60.33 and a 12-month high of $80.42. The business has a 50-day simple moving average of $74.33 and a two-hundred day simple moving average of $69.51.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, March 7th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.05. The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.38 billion. BJ’s Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 earnings per share. Analysts anticipate that BJ’s Wholesale Club will post 3.91 earnings per share for the current fiscal 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.