BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) Receives Average ‘Buy’ Rating from Analysts

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Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) received a consensus rating of “Hold” from the eighteen brokerages that currently cover the business, Marketbeat.com reports. One investment analyst gave the stock a sell rating, six gave the company a hold rating and eight gave the company a buy rating. The 12-month average price target among brokerages that have updated their coverage on the stock over the past year is $65.64.

A number of stock analysts have weighed in on the company recently. Robert W. Baird reiterated an “outperform” rating and set a $70.00 price target on BJ’s Wholesale Club stock in a Monday, May 23 report. Citigroup raised its price target on BJ’s Wholesale Club from $58.00 to $63.00 and gave the stock a “neutral” rating in a Friday, May 20 report. Deutsche Bank Aktiengesellschaft raised its price target on BJ’s Wholesale Club from $70.00 to $74.00 in a Friday, May 20 report. Jefferies Financial Group raised its price target on BJ’s Wholesale Club from $69.00 to $72.00 in a Thursday, June 2 report. Finally, Credit Suisse Group lowered its price target on BJ’s Wholesale Club from $80.00 to $70.00 and set an “outperform” rating for the company in a Friday, March 4 report.

BJ shares opened at $58.61 on Friday. BJ’s Wholesale Club has a 52 week minimum of $45.24 and a 52 week maximum of $74.09. The company has a market capitalization of $7.92 billion, a PE ratio of 17.65, a growth price-earnings ratio of 1.99 and a beta of 0.52. The stock has a fifty-day simple moving average of $62.46 and a two-hundred-day simple moving average of $63.39. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt ratio of 1.04.

BJ’s Wholesale Club (NYSE:BJ – Get Rating) last reported results on Thursday, May 19. The company reported earnings per share (EPS) of $0.87 for the quarter, beating analyst consensus estimates of $0.72 by $0.15. BJ’s Wholesale Club achieved a return on equity of 77.13% and a net margin of 2.65%. The company posted revenue of $4.50 billion in the quarter, versus a consensus estimate of $4.24 billion. During the same period last year, the company achieved EPS of $0.72. The company’s revenue for the quarter increased 16.2% year over year. As a group, stock analysts expect BJ’s Wholesale Club to post earnings per share of 3.31 for the current fiscal year.

In other news, Director Kenneth M. Parent sold 35,004 shares of BJ’s Wholesale Club in a trade dated Tuesday, April 5. The stock was sold at an average price of $67.42, for a total value of $2,359,969.68. Following completion of the transaction, the administrator now owns 14,143 shares of the company, valued at approximately $953,521.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Insiders of the company hold 2.10% of the shares of the company.

Several hedge funds and other institutional investors have recently changed their holdings in the company. BlackRock Inc. increased its position in shares of BJ’s Wholesale Club by 4.7% during the 4th quarter. BlackRock Inc. now owns 15,634,593 shares of the company worth $1,047,047,000 after acquiring an additional 703,502 shares last quarter. State Street Corp raised its position in BJ’s Wholesale Club shares by 3.4% in the first quarter. State Street Corp now owns 4,445,807 shares of the company worth $300,581,000 after acquiring an additional 147,014 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in the shares of BJ’s Wholesale Club during Q4 for a value of approximately $256,944,000. Lord Abbett & CO. LLC increased its position in BJ’s Wholesale Club shares by 21.3% during the 1st quarter. Lord Abbett & CO. LLC now owns 3,428,378 shares of the company worth $231,788,000 after acquiring an additional 603,057 shares last quarter. Finally, River Road Asset Management LLC increased its position in BJ’s Wholesale Club shares by 30.8% during the first quarter. River Road Asset Management LLC now owns 2,991,651 shares of the company worth $202,266,000 after acquiring an additional 704,596 shares last quarter. 99.98% of the shares are currently held by institutional investors and hedge funds.

About BJ’s Wholesale Club (Get a rating)

BJ’s Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the East Coast of the United States. It provides perishables, general merchandise, gasoline and other ancillary services. The Company sells its products through the BJs.com, BerkleyJensen.com, Wellsleyfarms.com and Delivery.bjs.com websites and mobile application.

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