BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Receives $87.33 Average Target Price from Analysts

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $87.33.

Several brokerages recently issued reports on BJ. Roth Mkm increased their price target on BJ’s Wholesale Club from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Melius Research assumed coverage on BJ’s Wholesale Club in a research note on Monday, September 23rd. They issued a “buy” rating and a $90.00 target price for the company. Wells Fargo & Company raised BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $75.00 to $92.00 in a research report on Friday, August 23rd. JPMorgan Chase & Co. raised shares of BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $76.00 to $78.00 in a research report on Monday, August 26th. Finally, Bank of America dropped 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.

BJ’s Wholesale Club Stock Up 1.1 %

Shares of NYSE:BJ opened at $90.29 on Friday. The stock has a 50-day simple moving average of $83.83 and a 200-day simple moving average of $84.54. The stock has a market capitalization of $11.97 billion, a P/E ratio of 22.80, a PEG ratio of 3.31 and a beta of 0.24. BJ’s Wholesale Club has a 1 year low of $63.08 and a 1 year high of $92.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.15 and a current ratio of 0.76.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, August 22nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same period in the previous year, the firm earned $0.97 earnings per share. BJ’s Wholesale Club’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts forecast that BJ’s Wholesale Club will post 3.82 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated 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 directly owns 445,792 shares of the company’s stock, valued at $35,395,884.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Joseph Mcgrail sold 1,000 shares of the firm’s 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 transaction, the senior vice president now directly owns 13,566 shares in the company, valued at approximately $1,133,710.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing 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 dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total transaction of $873,400.00. Following the sale, the chief executive officer now directly owns 445,792 shares of the company’s stock, valued at approximately $35,395,884.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock valued at $2,818,390 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. acquired a new stake in shares of BJ’s Wholesale Club during the 2nd quarter worth approximately $25,000. Davis Capital Management bought a new position in BJ’s Wholesale Club during the 3rd quarter worth $25,000. UMB Bank n.a. increased its position in BJ’s Wholesale Club by 375.6% in the third quarter. UMB Bank n.a. now owns 371 shares of the company’s stock worth $31,000 after buying an additional 293 shares during the period. Reston Wealth Management LLC bought a new stake in BJ’s Wholesale Club in the third quarter valued at $41,000. Finally, J.Safra Asset Management Corp acquired a new position in shares of BJ’s Wholesale Club during the second quarter valued at $45,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

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.