BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Receives Consensus Recommendation of "Moderate Buy" from Analysts

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) has been given an average rating of "Moderate Buy" by the nineteen ratings firms that are covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $116.12.

Several research analysts have recently issued reports on BJ shares. Citigroup raised BJ's Wholesale Club from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $115.00 to $130.00 in a research report on Thursday, April 3rd. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $127.00 price target (up from $125.00) on shares of BJ's Wholesale Club in a report on Friday, May 23rd. Robert W. Baird raised their price objective on shares of BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. DA Davidson upped their target price on shares of BJ's Wholesale Club from $130.00 to $140.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, Morgan Stanley increased their target price on shares of BJ's Wholesale Club from $115.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd.

Insider Transactions at BJ's Wholesale Club

In related news, CEO Robert W. Eddy sold 17,900 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $111.98, for a total transaction of $2,004,442.00. Following the transaction, the chief executive officer now owns 386,233 shares of the company's stock, valued at $43,250,371.34. This represents a 4.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP William C. Werner sold 14,192 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $117.64, for a total transaction of $1,669,546.88. Following the sale, the executive vice president now owns 26,113 shares in the company, valued at $3,071,933.32. The trade was a 35.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 314,592 shares of company stock worth $35,977,967. Company insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clearbridge Investments LLC grew its holdings in BJ's Wholesale Club by 11.8% in the fourth quarter. Clearbridge Investments LLC now owns 2,330,361 shares of the company's stock valued at $208,218,000 after purchasing an additional 245,731 shares during the last quarter. Contravisory Investment Management Inc. acquired a new stake in BJ's Wholesale Club in the 1st quarter valued at about $9,805,000. Intech Investment Management LLC increased its holdings in BJ's Wholesale Club by 278.6% during the 4th quarter. Intech Investment Management LLC now owns 53,968 shares of the company's stock valued at $4,822,000 after acquiring an additional 39,713 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in BJ's Wholesale Club by 151.8% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 19,784 shares of the company's stock valued at $1,768,000 after acquiring an additional 11,928 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in BJ's Wholesale Club during the fourth quarter worth about $307,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ's Wholesale Club Stock Down 0.5%

Shares of NYSE BJ traded down $0.62 during mid-day trading on Friday, hitting $114.19. The company had a trading volume of 1,369,055 shares, compared to its average volume of 1,666,298. The company has a market capitalization of $15.08 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 3.24 and a beta of 0.47. The business's 50-day simple moving average is $113.71 and its 200 day simple moving average is $106.61. BJ's Wholesale Club has a 1-year low of $76.33 and a 1-year high of $121.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.77 and a quick ratio of 0.14.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.23. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.18 billion. BJ's Wholesale Club had a return on equity of 31.98% and a net margin of 2.76%. The business's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. On average, analysts predict that BJ's Wholesale Club will post 3.96 earnings per share for the current year.

BJ's Wholesale Club Company Profile

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.