BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) has received an average recommendation of a “Moderate Buy” from the fifteen market research firms currently covering the stock, reports Marketbeat.com. One analyst has rated the stock with a sell rating, two have given it a hold rating and eight have given it a buy rating. The average 12-month target price among brokers who have issued reports on the stock over the past year is $78.07.
BJ has been the subject of several research reports. Credit Suisse Group has raised its price target for shares of BJ’s Wholesale Club from $70.00 to $80.00 and gave the company a rating of “Outperform” in a research report on Friday, August 19. Robert W. Baird increased his price target on BJ’s Wholesale Club shares to $85.00 from $77.00 and gave the stock a “outperform” rating in a research report on Friday, August. Loop Capital increased its price target on shares of BJ’s Wholesale Club from $80.00 to $90.00 in a research report on Friday, August 19. Deutsche Bank Aktiengesellschaft increased its target price on shares of BJ’s Wholesale Club to $86.00 from $81.00 in a research report on Friday, August 19. Finally, UBS Group raised its target price on shares of BJ’s Wholesale Club to $85.00 from $80.00, giving the stock a “buy” rating in a research report on Friday, August 19.
Insiders place their bets
In other news from BJ’s Wholesale Club, EVP Scott Kessler sold 13,359 shares of the company in a transaction on Thursday, September 15th. The shares were sold at an average price of $76.36 for a total transaction of $1,020,093.24. Following the sale, the Executive Vice President now directly owns 116,791 shares of the Company, valued at approximately $8,918,160.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC’s website. In other news, SVP Graham Luce sold 3,286 shares of the stock in a transaction on Friday, August 19th. The shares sold at an average price of $74.61 for a total transaction of $245,168.46. Following the transaction, the senior vice president now directly owns 28,186 shares of the company, valued at approximately $2,102,957.46. The sale was disclosed in a legal filing with the SEC available at this hyperlink. In addition, EVP Scott Kessler sold 13,359 shares of the stock in a transaction on Thursday, September 15. The stock sold at an average price of $76.36 for a total transaction of $1,020,093.24. Following the transaction, the Executive Vice President now owns 116,791 shares of the Company, valued at $8,918,160.76. The disclosure for this sale can be found here. Insiders have sold 19,403 shares of the company’s stock valued at $1,472,636 over the past ninety days. Insiders own 2.10% of the company’s stock.
Institutional inflows and outflows
Several major investors have recently changed their holdings of BJ. Northwestern Mutual Wealth Management Co. increased its stake in BJ’s Wholesale Club by 71.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company, valued at $25,000, having purchased an additional 166 shares during the period. Cribstone Capital Management LLC increased its stake in BJ’s Wholesale Club by 1.5% in the second quarter. Cribstone Capital Management LLC now owns 11,165 shares of the company’s stock valued at $696,000 after purchasing an additional 166 shares during the period. American Trust Investment Advisors LLC increased its stake in BJ’s Wholesale Club by 1.8% during the second quarter. American Trust Investment Advisors LLC now owns 9,397 shares of the company’s stock valued at $586,000 after purchasing an additional 170 shares during the period. GPS Wealth Strategies Group LLC increased its stake in BJ’s Wholesale Club by 30.4% in the third quarter. GPS Wealth Strategies Group LLC now owns 772 shares of the company’s stock valued at $56,000 after purchasing an additional 180 shares during the period. Finally, PrairieView Partners LLC increased its stake in BJ’s Wholesale Club by 10.7% during the second quarter. PrairieView Partners LLC now owns 1,898 shares of the company’s stock valued at $118,000 after purchasing an additional 184 shares during the period. 98.26% of the shares are currently owned by hedge funds and other institutional investors.
BJ’s Wholesale Club stock down 1.0%
NYSE:BJ shares opened at $71.94 on Thursday. The company has a market cap of $9.72 billion, a PE ratio of 20.26, a P/E/G ratio of 2.13 and a beta of 0.43. The company has a current ratio of 0.73, a quick ratio of 0.17 and a debt to equity ratio of 0.82. BJ’s Wholesale Club has a 12-month low of $51.45 and a 12-month high of $79.69. The company has a 50-day simple moving average of $73.55 and a 200-day simple moving average of $67.65.
The Wholesale Club of BJ (NYSE:BJ – Get Rating) last released its quarterly earnings data on Thursday, August 18th. The company reported earnings per share of $1.06 for the quarter, beating the consensus estimate of $0.83 by $0.23. BJ’s Wholesale Club had a net margin of 2.68% and a return on equity of 71.47%. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.63 billion. In the same quarter last year, the company earned $0.82 per share. The company’s revenue increased 22.2% compared to the prior-year quarter. On average, equity analysts are forecasting that BJ’s Wholesale Club will post 3.59 EPS for the current fiscal year.
About BJ’s Wholesale Club
(get rating)
BJ’s Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It offers perishable goods, general goods, 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 app.
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