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

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) have earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $86.07.

BJ has been the subject of several analyst reports. Wells Fargo & Company raised shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $75.00 to $92.00 in a research note on Friday, August 23rd. Bank of America reduced their price objective on shares of 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. Roth Mkm raised their target price on shares of BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Evercore ISI boosted their price target on BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a report on Thursday, June 20th. Finally, JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $76.00 to $78.00 in a report on Monday, August 26th.

Insider Activity

In related news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the transaction, the senior vice president now owns 13,566 shares in the company, valued at $1,133,710.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $86.90, for a total transaction of $955,900.00. Following the transaction, the chief executive officer now owns 467,792 shares in the company, valued at $40,651,124.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $83.57, for a total value of $83,570.00. Following the completion of the sale, the senior vice president now owns 13,566 shares of the company’s stock, valued at approximately $1,133,710.62. The disclosure for this sale can be found here. Insiders have sold 79,438 shares of company stock valued at $6,980,938 in the last three months. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

Institutional investors and hedge funds have recently bought and sold shares of the stock. Anchor Investment Management LLC lifted its position in shares of BJ’s Wholesale Club by 16.9% during the second quarter. Anchor Investment Management LLC now owns 1,383 shares of the company’s stock worth $121,000 after purchasing an additional 200 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in BJ’s Wholesale Club during the 2nd quarter worth $1,496,000. Cetera Investment Advisers lifted its holdings in BJ’s Wholesale Club by 23.7% in the 2nd quarter. Cetera Investment Advisers now owns 30,242 shares of the company’s stock worth $2,656,000 after buying an additional 5,800 shares in the last quarter. Truist Financial Corp boosted its position in BJ’s Wholesale Club by 6.7% in the 2nd quarter. Truist Financial Corp now owns 228,539 shares of the company’s stock valued at $20,075,000 after buying an additional 14,329 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of BJ’s Wholesale Club by 123.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,500 shares of the company’s stock valued at $132,000 after acquiring an additional 828 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Trading Up 0.0 %

Shares of BJ opened at $80.99 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.76 and a quick ratio of 0.15. BJ’s Wholesale Club has a 1-year low of $63.08 and a 1-year high of $92.37. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 2.90 and a beta of 0.25. The firm has a 50 day simple moving average of $84.17 and a 200-day simple moving average of $81.96.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter last year, the business posted $0.97 earnings per share. BJ’s Wholesale Club’s revenue was up 4.9% compared to the same quarter last year. Equities analysts forecast that BJ’s Wholesale Club will post 3.84 EPS 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.