BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Receives $94.00 Average Target Price from Brokerages

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $94.00.

A number of equities analysts have recently commented on BJ shares. UBS Group lifted their target price on shares of BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a report on Friday, November 22nd. TD Cowen lifted their price objective on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Jefferies Financial Group increased their target price on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Citigroup raised their price target on BJ’s Wholesale Club from $94.00 to $101.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company upped their price objective on BJ’s Wholesale Club from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $85.47, for a total transaction of $940,170.00. Following the sale, the chief executive officer now owns 423,792 shares of the company’s stock, valued at $36,221,502.24. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by company insiders.

Institutional Trading of BJ’s Wholesale Club

Several institutional investors have recently modified their holdings of BJ. Davis Capital Management acquired a new stake in BJ’s Wholesale Club in the 3rd quarter valued at about $25,000. UMB Bank n.a. grew 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 last quarter. Reston Wealth Management LLC bought a new position in shares of BJ’s Wholesale Club in the third quarter valued at $41,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of BJ’s Wholesale Club during the 3rd quarter valued at $55,000. Finally, Blue Trust Inc. raised its position in shares of BJ’s Wholesale Club by 198.6% during the third quarter. Blue Trust Inc. now owns 863 shares of the company’s stock worth $76,000 after purchasing an additional 574 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $97.09 on Wednesday. The company has a fifty day moving average of $94.18 and a two-hundred day moving average of $88.31. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. BJ’s Wholesale Club has a 1 year low of $64.06 and a 1 year high of $100.74. The company has a market capitalization of $12.82 billion, a PE ratio of 23.34, a P/E/G ratio of 4.48 and a beta of 0.32.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly earnings results on Thursday, November 21st. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.29. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter last year, the business posted $0.98 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, analysts expect that BJ’s Wholesale Club will post 3.95 earnings per share for the current year.

About BJ’s Wholesale Club

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.