BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Receives $86.07 Average PT from Brokerages

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has earned an average rating of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $86.31.

A number of research firms have issued reports on BJ. Melius Research began coverage on shares of BJ’s Wholesale Club in a report on Monday. They set a “buy” rating and a $90.00 price objective on the stock. Loop Capital lifted their price objective on shares of BJ’s Wholesale Club from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, July 11th. Evercore ISI increased their target price on shares of BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a research report on Thursday, June 20th. JPMorgan Chase & Co. upgraded shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $76.00 to $78.00 in a research note on Monday, August 26th. Finally, Bank of America dropped their price objective on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd.

Insider Buying and Selling

In other news, EVP Graham Luce sold 16,596 shares of the stock in a transaction 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 transaction, the executive vice president now owns 14,131 shares of the company’s stock, valued at approximately $1,288,040.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other 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 transaction, the executive vice president now owns 14,131 shares in the company, valued at $1,288,040.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the completion of the sale, the chief executive officer now owns 445,792 shares of the company’s stock, valued at approximately $35,395,884.80. The disclosure for this sale can be found here. Insiders sold a total of 79,438 shares of company stock worth $6,980,938 over the last ninety days. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BJ’s Wholesale Club

A number of hedge funds have recently bought and sold shares of BJ. Kayne Anderson Rudnick Investment Management LLC raised its position in BJ’s Wholesale Club by 158.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company’s stock worth $368,044,000 after acquiring an additional 2,571,709 shares during the period. Norges Bank purchased a new stake in BJ’s Wholesale Club during the fourth quarter valued at $81,646,000. Marshall Wace LLP lifted its holdings in shares of BJ’s Wholesale Club by 143.6% in the 2nd quarter. Marshall Wace LLP now owns 848,000 shares of the company’s stock valued at $74,488,000 after acquiring an additional 499,954 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of BJ’s Wholesale Club by 201.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 591,596 shares of the company’s stock worth $51,966,000 after purchasing an additional 395,573 shares during the period. Finally, Raymond James & Associates raised its stake in shares of BJ’s Wholesale Club by 99.9% in the second 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 period. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Up 0.6 %

BJ’s Wholesale Club stock opened at $81.47 on Thursday. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 2.90 and a beta of 0.24. The firm’s fifty day moving average price is $84.00 and its two-hundred day moving average price is $82.11. BJ’s Wholesale Club has a 1-year low of $63.08 and a 1-year high of $92.37. 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 (NYSE:BJ) last released its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter in the previous year, the business earned $0.97 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts predict that BJ’s Wholesale Club will post 3.84 earnings per share for the current fiscal year.

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.