BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Receives Consensus Recommendation of “Hold” from Analysts

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has been given an average rating of “Hold” by the fourteen analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $75.43.

BJ has been the topic of several research reports. The Goldman Sachs Group raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $81.00 to $87.00 in a research report on Monday, April 8th. Gordon Haskett raised BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Thursday. Evercore ISI upped their price objective on BJ’s Wholesale Club from $76.00 to $78.00 and gave the company an “in-line” rating in a research report on Tuesday, May 14th. JPMorgan Chase & Co. upped their price objective on BJ’s Wholesale Club from $58.00 to $62.00 and gave the company an “underweight” rating in a research report on Friday, March 1st. Finally, Loop Capital reaffirmed a “hold” rating and issued a $80.00 price objective (down from $85.00) on shares of BJ’s Wholesale Club in a research report on Thursday, April 18th.

BJ’s Wholesale Club Stock Up 3.3 %

Shares of NYSE:BJ opened at $83.14 on Friday. BJ’s Wholesale Club has a 1 year low of $60.33 and a 1 year high of $85.11. The company has a market cap of $11.04 billion, a PE ratio of 21.48, a P/E/G ratio of 3.46 and a beta of 0.27. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.73 and a quick ratio of 0.14. The stock’s 50-day moving average is $76.68 and its 200 day moving average is $70.71.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, March 7th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. BJ’s Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.38 billion. During the same quarter in the previous year, the business earned $1.00 EPS. BJ’s Wholesale Club’s revenue was up 8.7% compared to the same quarter last year. Sell-side analysts anticipate that BJ’s Wholesale Club will post 3.92 EPS for the current year.

Insiders Place Their Bets

In other BJ’s Wholesale Club news, Director Christopher J. Baldwin sold 73,062 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the completion of the transaction, the director now owns 173,294 shares of the company’s stock, valued at approximately $12,815,091.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Joseph Mcgrail sold 1,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $77.37, for a total value of $77,370.00. Following the completion of the transaction, the senior vice president now owns 12,905 shares of the company’s stock, valued at approximately $998,459.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher J. Baldwin sold 73,062 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the completion of the transaction, the director now directly owns 173,294 shares of the company’s stock, valued at approximately $12,815,091.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,840 shares of company stock worth $7,408,605. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BJ. Assetmark Inc. raised its position in BJ’s Wholesale Club by 22.1% in the 3rd quarter. Assetmark Inc. now owns 2,108 shares of the company’s stock worth $150,000 after purchasing an additional 381 shares during the period. CIBC Asset Management Inc increased its position in shares of BJ’s Wholesale Club by 9.5% during the third quarter. CIBC Asset Management Inc now owns 4,142 shares of the company’s stock worth $296,000 after acquiring an additional 359 shares during the period. Orion Portfolio Solutions LLC increased its position in shares of BJ’s Wholesale Club by 8.5% during the third quarter. Orion Portfolio Solutions LLC now owns 57,754 shares of the company’s stock worth $4,122,000 after acquiring an additional 4,529 shares during the period. Daiwa Securities Group Inc. increased its position in shares of BJ’s Wholesale Club by 22.1% during the third quarter. Daiwa Securities Group Inc. now owns 10,870 shares of the company’s stock worth $776,000 after acquiring an additional 1,965 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of BJ’s Wholesale Club by 3.6% during the third quarter. California Public Employees Retirement System now owns 810,647 shares of the company’s stock worth $57,856,000 after acquiring an additional 27,982 shares during the period. Institutional investors own 98.60% of the company’s stock.

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.