Brokerages Set BJs Wholesale Club Holdings Inc (BJ) Target Price at $30.17

Shares of BJs Wholesale Club Holdings Inc (NYSE:BJ) have received an average recommendation of “Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $30.33.

A number of equities analysts have commented on the stock. Citigroup assumed coverage on shares of BJs Wholesale Club in a research report on Monday, July 23rd. They set a “buy” rating and a $30.00 price objective for the company. Loop Capital assumed coverage on shares of BJs Wholesale Club in a research report on Monday, July 9th. They set a “buy” rating and a $28.00 price objective for the company. Deutsche Bank assumed coverage on shares of BJs Wholesale Club in a research report on Monday, July 23rd. They set a “$26.00” rating and a $30.00 price objective for the company. Jefferies Financial Group assumed coverage on shares of BJs Wholesale Club in a research report on Monday, July 23rd. They set a “buy” rating and a $31.00 price objective for the company. Finally, William Blair assumed coverage on shares of BJs Wholesale Club in a research report on Monday, July 23rd. They set an “outperform” rating for the company.

In other news, EVP Scott Kessler sold 61,686 shares of BJs Wholesale Club stock in a transaction on Monday, October 1st. The stock was sold at an average price of $25.09, for a total transaction of $1,547,701.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tommy Yin sold 15,034,658 shares of BJs Wholesale Club stock in a transaction on Monday, October 1st. The stock was sold at an average price of $26.00, for a total value of $390,901,108.00. The disclosure for this sale can be found here. Insiders have sold 15,430,535 shares of company stock valued at $400,833,662 in the last three months.

A number of hedge funds have recently bought and sold shares of the stock. FMR LLC acquired a new position in BJs Wholesale Club in the second quarter valued at about $200,102,000. Citadel Advisors LLC acquired a new position in BJs Wholesale Club in the second quarter valued at about $68,786,000. Putnam Investments LLC acquired a new position in BJs Wholesale Club in the second quarter valued at about $53,841,000. Massachusetts Financial Services Co. MA acquired a new position in BJs Wholesale Club in the second quarter valued at about $45,932,000. Finally, Millennium Management LLC acquired a new position in BJs Wholesale Club in the second quarter valued at about $37,390,000. 61.35% of the stock is owned by institutional investors and hedge funds.

BJ stock traded up $0.06 during midday trading on Friday, reaching $23.98. 1,620,201 shares of the company were exchanged, compared to its average volume of 1,736,911. The company has a quick ratio of 0.23, a current ratio of 0.99 and a debt-to-equity ratio of -5.96. BJs Wholesale Club has a one year low of $20.56 and a one year high of $32.92.

BJs Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Tuesday, August 28th. The company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period last year, the firm earned $0.22 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Research analysts forecast that BJs Wholesale Club will post 0.92 EPS for the current year.

About BJs Wholesale Club

BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.

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Analyst Recommendations for BJs Wholesale Club (NYSE:BJ)

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