BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Free Report) has received an average rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $94.00.
A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on BJ’s Wholesale Club from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. UBS Group raised their target price on BJ’s Wholesale Club from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. TD Cowen boosted their price target on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Roth Mkm raised their price objective on shares of BJ’s Wholesale Club from $75.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Finally, Jefferies Financial Group boosted their target price on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, November 21st.
Get Our Latest Analysis on BJ’s Wholesale Club
BJ’s Wholesale Club Price Performance
BJ’s Wholesale Club (NYSE:BJ – Get Free Report) last released its quarterly earnings results on Thursday, November 21st. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.29. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. BJ’s Wholesale Club’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. Equities analysts anticipate that BJ’s Wholesale Club will post 3.95 EPS for the current year.
Insider Buying and Selling
In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of BJ’s Wholesale Club stock in a transaction on Friday, November 1st. The shares were sold at an average price of $85.47, for a total transaction of $940,170.00. Following the completion of the sale, the chief executive officer now owns 423,792 shares of the company’s stock, valued at $36,221,502.24. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.
Institutional Trading of BJ’s Wholesale Club
Several hedge funds and other institutional investors have recently modified their holdings of BJ. Davis Capital Management acquired a new position in BJ’s Wholesale Club in the 3rd quarter worth about $25,000. UMB Bank n.a. grew its stake in shares of BJ’s Wholesale Club by 375.6% in the 3rd quarter. UMB Bank n.a. now owns 371 shares of the company’s stock valued at $31,000 after buying an additional 293 shares in the last quarter. Reston Wealth Management LLC acquired a new position in BJ’s Wholesale Club in the third quarter worth approximately $41,000. Benjamin Edwards Inc. raised its position in BJ’s Wholesale Club by 394.5% during the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock valued at $55,000 after acquiring an additional 501 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in BJ’s Wholesale Club in the third quarter valued at approximately $55,000. 98.60% of the stock is currently owned by hedge funds and other institutional investors.
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.
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