BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Given Consensus Rating of “Hold” by Brokerages

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has been given a consensus rating of “Hold” by the twenty ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $108.1875.

A number of brokerages have recently weighed in on BJ. The Goldman Sachs Group dropped their price objective on BJ’s Wholesale Club from $139.00 to $123.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. UBS Group reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research report on Monday, November 24th. Morgan Stanley cut their price target on shares of BJ’s Wholesale Club from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. Jefferies Financial Group lowered shares of BJ’s Wholesale Club from a “buy” rating to a “hold” rating and lowered their price objective for the company from $120.00 to $90.00 in a research note on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of BJ’s Wholesale Club in a research note on Thursday, January 8th. They set a “hold” rating on the stock.

Insider Buying and Selling at BJ’s Wholesale Club

In other news, EVP William C. Werner sold 7,000 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $91.09, for a total value of $637,630.00. Following the sale, the executive vice president directly owned 50,498 shares in the company, valued at approximately $4,599,862.82. This trade represents a 12.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BJ’s Wholesale Club

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its holdings in BJ’s Wholesale Club by 57.2% in the fourth quarter. Victory Capital Management Inc. now owns 12,930,288 shares of the company’s stock valued at $1,164,114,000 after acquiring an additional 4,704,423 shares in the last quarter. Franklin Resources Inc. increased its position in shares of BJ’s Wholesale Club by 12.8% in the 4th quarter. Franklin Resources Inc. now owns 6,514,642 shares of the company’s stock valued at $586,513,000 after purchasing an additional 737,130 shares during the last quarter. State Street Corp raised its holdings in shares of BJ’s Wholesale Club by 7.7% in the 4th quarter. State Street Corp now owns 5,471,805 shares of the company’s stock valued at $492,627,000 after purchasing an additional 389,327 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of BJ’s Wholesale Club by 31.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,791,602 shares of the company’s stock worth $446,817,000 after purchasing an additional 1,152,591 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of BJ’s Wholesale Club by 5.5% during the fourth quarter. Wellington Management Group LLP now owns 3,452,562 shares of the company’s stock worth $310,834,000 after purchasing an additional 179,723 shares in the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $99.70 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.16 and a current ratio of 0.79. The firm has a market cap of $13.05 billion, a P/E ratio of 22.97, a P/E/G ratio of 2.55 and a beta of 0.36. The firm’s 50 day moving average price is $95.35 and its 200-day moving average price is $94.47. BJ’s Wholesale Club has a one year low of $86.68 and a one year high of $121.10.

About BJ’s Wholesale Club

BJ’s Wholesale Club, headquartered in Westborough, Massachusetts, is a membership-based warehouse retailer offering a wide range of products and services primarily to small businesses and individual consumers. The company operates large-format clubs that provide value-priced groceries, health and beauty products, electronics, home goods, furniture, seasonal items and automotive supplies. In addition to its in-club offerings, BJ’s features fuel stations at many locations and operates an e-commerce platform for online ordering and home delivery.

Founded in 1984 as a division of Zayre Corp., BJ’s Wholesale Club quickly expanded throughout the Northeastern United States.