BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Receives a Consensus “Moderate Buy” Rating from Brokerages

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BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ – Get Rating) received an average rating of “Moderate Buy” from the fifteen research firms that cover the company, MarketBeat Ratings reports. One investment analyst gave the stock a sell rating, two gave the company a hold rating and eight gave the company a buy rating. The 1-year average target price among analysts who have covered the stock over the past year is $77.13.

Several research analysts have recently released reports on the stock. Goldman Sachs Group raised its price target on BJ’s Wholesale Club shares from $63.00 to $81.00 and gave the stock a “buy” rating in a Friday, August 19 report. DA Davidson raised his price target on BJ’s Wholesale Club stock from $72.00 to $88.00 and gave the stock a “buy” rating in a Friday, August 19 research note. Citigroup raised its price target on shares of BJ’s Wholesale Club to $81.00 in a Monday, August 22 research note. Robert W. Baird raised his price target on BJ’s Wholesale Club stock from $77.00 to $85.00 and gave the stock an “outperform” rating in a Friday, Aug. 19 research note. Finally, Morgan Stanley raised its price target on BJ’s Wholesale Club stock from $65.00 to $71.00 and gave the stock an “equal weight” rating in a Friday, Aug. 19 research note. .

Insider Buying and Selling at BJ’s Wholesale Club

In other news from BJ’s Wholesale Club, Executive Vice President William C. Werner sold 20,000 shares in a trade dated Tuesday, July 5. The shares were sold at an average price of $64.54, for a total value of $1,290,800.00. Following the completion of the sale, the executive vice president now owns 37,361 shares of the company, valued at approximately $2,411,278.94. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Executive Vice Chairman William C. Werner sold 20,000 shares of the company in a trade that took place on Tuesday, July 5. The shares were sold at an average price of $64.54, for a total transaction of $1,290,800.00. Following the completion of the sale, the executive vice president now owns 37,361 shares of the company, valued at approximately $2,411,278.94. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, Executive Vice President Jeff Desroches sold 15,000 shares of the company in a trade that took place on Friday, July 8. The stock was sold at an average price of $66.58, for a total transaction of $998,700.00. Following the sale, the executive vice president now owns 93,597 shares of the company, valued at approximately $6,231,688.26. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 54,403 shares of the company worth $3,762,136. Insiders hold 2.10% of the shares of the company.

Institutional entries and exits

Several large investors have recently bought and sold shares of BJ. Zurcher Kantonalbank Zurcher Kantonalbank increased its position in BJ’s Wholesale Club by 6.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,673 shares of the company worth $1,330,000 after purchasing an additional 1,257 shares during the period. Citigroup Inc. increased its stake in the shares of BJ’s Wholesale Club by 48.0% during the 1st quarter. Citigroup Inc. now owns 218,396 shares of the company valued at $14,765,000 after purchasing an additional 70,870 shares in the last quarter. Yarbrough Capital LLC increased its stake in the shares of BJ’s Wholesale Club by 24.6% during the 1st quarter. Yarbrough Capital LLC now owns 17,745 shares of the company valued at $1,200,000 after purchasing an additional 3,501 shares last quarter. CWM LLC increased its stake in BJ’s Wholesale Club by 32.5% during the first quarter. CWM LLC now owns 1,533 shares of the company worth $104,000 after acquiring 376 additional shares in the last quarter. Finally, Rockefeller Capital Management LP increased its stake in BJ’s Wholesale Club by 66.4% during the fourth quarter. Rockefeller Capital Management LP now owns 2,217 shares of the company worth $148,000 after acquiring 885 additional shares in the last quarter. 98.26% of the shares are held by institutional investors.

BJ’s Wholesale Club Stock down 2.5%

BJ shares opened at $73.11 on Friday. BJ’s Wholesale Club has a one-year minimum of $51.45 and a one-year maximum of $79.69. The company has a market capitalization of $9.87 billion, a P/E ratio of 20.59, a P/E/G ratio of 2.24 and a beta of 0.43. The company has a debt ratio of 0.82, a current ratio of 0.73 and a quick ratio of 0.17. The company has a 50-day simple moving average of $72.27 and a two-hundred-day simple moving average of $66.64.

BJ’s Wholesale Club (NYSE:BJ – Get Rating) last reported quarterly earnings data on Thursday, August 18. The company reported EPS of $1.06 for the quarter, beating the consensus estimate of $0.83 by $0.23. The company posted revenue of $5.10 billion in the quarter, versus a consensus estimate of $4.63 billion. BJ’s Wholesale Club achieved a net margin of 2.68% and a return on equity of 71.47%. The company’s revenue increased 22.2% year over year. In the same period a year earlier, the company had earned earnings per share of $0.82. Research analysts expect BJ’s Wholesale Club to post an EPS of 3.6 for the current fiscal year.

BJ’s Wholesale Club Company Profile

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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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Analyst Recommendations for BJ's Wholesale Club (NYSE: BJ)

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