BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Receives $110.82 Consensus PT from Brokerages

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has been given an average rating of “Moderate Buy” by the nineteen analysts that are presently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $110.82.

Several brokerages have issued reports on BJ. Evercore ISI cut their price objective on shares of BJ’s Wholesale Club from $115.00 to $110.00 and set an “in-line” rating for the company in a research report on Tuesday, April 1st. Citigroup raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $115.00 to $130.00 in a report on Thursday, April 3rd. JPMorgan Chase & Co. upped their price target on shares of BJ’s Wholesale Club from $87.00 to $101.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. TD Cowen lifted their price objective on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Argus upgraded shares of BJ’s Wholesale Club to a “hold” rating in a research report on Friday, April 4th.

Insider Activity at BJ’s Wholesale Club

In related news, EVP William C. Werner sold 14,192 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $117.64, for a total value of $1,669,546.88. Following the transaction, the executive vice president now owns 26,113 shares in the company, valued at $3,071,933.32. The trade was a 35.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert W. Eddy sold 280,400 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $114.31, for a total value of $32,052,524.00. Following the sale, the chief executive officer now owns 422,033 shares of the company’s stock, valued at approximately $48,242,592.23. The trade was a 39.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 326,405 shares of company stock worth $37,201,232 in the last quarter. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On BJ’s Wholesale Club

A number of hedge funds have recently added to or reduced their stakes in BJ. Envestnet Portfolio Solutions Inc. lifted its stake in BJ’s Wholesale Club by 0.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company’s stock valued at $1,787,000 after purchasing an additional 105 shares during the last quarter. Lifestyle Asset Management Inc. raised its stake in BJ’s Wholesale Club by 0.8% in the 4th quarter. Lifestyle Asset Management Inc. now owns 13,329 shares of the company’s stock valued at $1,191,000 after acquiring an additional 108 shares during the period. Gateway Investment Advisers LLC raised its stake in BJ’s Wholesale Club by 0.7% in the 4th quarter. Gateway Investment Advisers LLC now owns 15,146 shares of the company’s stock valued at $1,353,000 after acquiring an additional 111 shares during the period. Covestor Ltd boosted its position in BJ’s Wholesale Club by 66.5% during the fourth quarter. Covestor Ltd now owns 288 shares of the company’s stock worth $26,000 after purchasing an additional 115 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its stake in shares of BJ’s Wholesale Club by 2.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,915 shares of the company’s stock worth $675,000 after purchasing an additional 119 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.

BJ’s Wholesale Club Trading Up 0.9 %

BJ’s Wholesale Club stock opened at $113.01 on Monday. The stock has a 50-day simple moving average of $108.25 and a 200 day simple moving average of $97.06. The stock has a market capitalization of $14.88 billion, a P/E ratio of 27.17, a PEG ratio of 4.50 and a beta of 0.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76. BJ’s Wholesale Club has a 52 week low of $71.81 and a 52 week high of $120.43.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.29 billion. Analysts expect that BJ’s Wholesale Club will post 3.96 earnings per share for the current year.

About BJ’s Wholesale Club

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.