BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Receives $94.00 Consensus PT from Analysts

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) have been assigned a consensus rating of “Moderate Buy” from the seventeen brokerages that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $94.00.

A number of analysts have recently weighed in on BJ shares. Wells Fargo & Company increased their price objective on shares of BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Citigroup increased their price target on BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. UBS Group boosted their price objective on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Roth Mkm raised their target price on BJ’s Wholesale Club from $75.00 to $87.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. Finally, Melius Research initiated coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They issued a “buy” rating and a $90.00 price target for the company.

BJ’s Wholesale Club Price Performance

NYSE BJ opened at $88.00 on Friday. The stock’s fifty day moving average price is $92.06 and its 200 day moving average price is $87.63. BJ’s Wholesale Club has a 1 year low of $64.06 and a 1 year high of $100.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The company has a market cap of $11.62 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 4.69 and a beta of 0.29.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.29. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.12 billion. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $0.98 earnings per share. As a group, equities research analysts forecast that BJ’s Wholesale Club will post 3.95 earnings per share for the current year.

Insider Buying and Selling

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club 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 sale, the chief executive officer now owns 423,792 shares of the company’s stock, valued at $36,221,502.24. The trade was a 2.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

Hedge funds and other institutional investors have recently modified their holdings of the business. Davis Capital Management acquired a new stake in BJ’s Wholesale Club in the 3rd quarter valued at about $25,000. UMB Bank n.a. grew its position in shares of BJ’s Wholesale Club by 375.6% in the third 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 acquired a new stake in shares of BJ’s Wholesale Club in the third quarter valued at approximately $41,000. Benjamin Edwards Inc. lifted its position in BJ’s Wholesale Club by 394.5% during the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock worth $55,000 after buying an additional 501 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in BJ’s Wholesale Club during the third quarter worth $55,000. 98.60% of the stock is owned by hedge funds and other institutional investors.

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.