BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Receives $110.82 Consensus Price Target from Analysts

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has been given a consensus recommendation of “Moderate Buy” by the nineteen brokerages that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $110.82.

BJ has been the subject of a number of analyst reports. 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. Morgan Stanley increased their price target on shares of BJ’s Wholesale Club from $98.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday, March 7th. UBS Group raised their price objective on shares of BJ’s Wholesale Club from $108.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Citigroup raised BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and increased their target price for the stock from $115.00 to $130.00 in a research note on Thursday, April 3rd. Finally, Argus raised BJ’s Wholesale Club to a “hold” rating in a report on Friday, April 4th.

Insider Buying and Selling at BJ’s Wholesale Club

In related news, CEO Robert W. Eddy sold 280,400 shares of BJ’s Wholesale Club stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $114.31, for a total transaction of $32,052,524.00. Following the completion of the sale, the chief executive officer now owns 422,033 shares in the company, valued at approximately $48,242,592.23. This trade represents a 39.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP William C. Werner sold 14,192 shares of the business’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $117.64, for a total transaction of $1,669,546.88. Following the completion of the transaction, the executive vice president now directly owns 26,113 shares of the company’s stock, valued at $3,071,933.32. The trade was a 35.21 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 326,405 shares of company stock worth $37,201,232. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BJ’s Wholesale Club

Hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. lifted its stake in shares of BJ’s Wholesale Club by 10.6% during the fourth quarter. Franklin Resources Inc. now owns 5,268,889 shares of the company’s stock valued at $470,775,000 after buying an additional 504,958 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of BJ’s Wholesale Club by 1.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,331,379 shares of the company’s stock worth $387,009,000 after purchasing an additional 43,106 shares during the last quarter. State Street Corp grew its position in shares of BJ’s Wholesale Club by 1.1% in the third quarter. State Street Corp now owns 4,045,590 shares of the company’s stock valued at $333,680,000 after purchasing an additional 45,288 shares during the period. JPMorgan Chase & Co. increased its stake in BJ’s Wholesale Club by 2.9% in the fourth quarter. JPMorgan Chase & Co. now owns 2,571,996 shares of the company’s stock valued at $229,808,000 after purchasing an additional 73,322 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in BJ’s Wholesale Club by 4.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,486,903 shares of the company’s stock valued at $222,205,000 after purchasing an additional 99,311 shares during the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

BJ’s Wholesale Club Stock Performance

Shares of BJ stock opened at $117.13 on Monday. BJ’s Wholesale Club has a 52-week low of $71.81 and a 52-week high of $120.43. The stock’s 50-day moving average price is $108.90 and its 200 day moving average price is $97.66. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $15.42 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54.

BJ’s Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, March 6th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.29 billion. As a group, equities research analysts forecast that BJ’s Wholesale Club will post 3.96 EPS 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.