BJ's Wholesale Club's (BJ) "Neutral" Rating Reiterated at Roth Capital

BJ's Wholesale Club (NYSE:BJ - Get Free Report)'s stock had its "neutral" rating reaffirmed by analysts at Roth Capital in a research report issued on Wednesday,Benzinga reports. They currently have a $106.00 price target on the stock, up from their previous price target of $101.00. Roth Capital's price target would indicate a potential downside of 6.02% from the company's previous close.

A number of other equities research analysts also recently commented on BJ. The Goldman Sachs Group lifted their price target on shares of BJ's Wholesale Club from $102.00 to $121.00 and gave the stock a "buy" rating in a report on Monday, March 10th. Barclays lifted their price objective on BJ's Wholesale Club from $80.00 to $115.00 and gave the company an "equal weight" rating in a research report on Monday, March 10th. Robert W. Baird raised their price target on BJ's Wholesale Club from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. UBS Group reaffirmed a "buy" rating and set a $135.00 price objective (up previously from $129.00) on shares of BJ's Wholesale Club in a research note on Friday, May 23rd. Finally, Wall Street Zen raised shares of BJ's Wholesale Club from a "hold" rating to a "buy" rating in a research report on Saturday. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, BJ's Wholesale Club has an average rating of "Moderate Buy" and a consensus price target of $116.12.

BJ's Wholesale Club Stock Performance

NYSE:BJ traded down $2.16 during mid-day trading on Wednesday, reaching $112.79. The stock had a trading volume of 740,729 shares, compared to its average volume of 1,668,632. BJ's Wholesale Club has a twelve month low of $76.33 and a twelve month high of $121.10. The business has a 50 day simple moving average of $115.00 and a 200 day simple moving average of $104.17. The firm has a market capitalization of $14.85 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 4.50 and a beta of 0.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.14 and a current ratio of 0.76.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its earnings results on Thursday, May 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.23. BJ's Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The company had revenue of $5.15 billion during the quarter, compared to analysts' expectations of $5.18 billion. During the same period last year, the company posted $0.85 earnings per share. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. On average, analysts expect that BJ's Wholesale Club will post 3.96 earnings per share for the current fiscal year.

Insider Buying and Selling at BJ's Wholesale Club

In other BJ's Wholesale Club news, SVP Joseph Mcgrail sold 2,100 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $119.74, for a total transaction of $251,454.00. Following the transaction, the senior vice president now directly owns 14,240 shares in the company, valued at approximately $1,705,097.60. This represents a 12.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP William C. Werner sold 20,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total value of $2,208,200.00. Following the transaction, the executive vice president now owns 31,308 shares in the company, valued at approximately $3,456,716.28. This trade represents a 38.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 328,505 shares of company stock worth $37,452,686 over the last three months. Company insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. IFP Advisors Inc boosted its holdings in BJ's Wholesale Club by 22.0% in the first quarter. IFP Advisors Inc now owns 510 shares of the company's stock worth $58,000 after acquiring an additional 92 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of BJ's Wholesale Club by 4.3% in the 1st quarter. Greenleaf Trust now owns 2,450 shares of the company's stock worth $280,000 after purchasing an additional 101 shares in the last quarter. CreativeOne Wealth LLC grew its position in BJ's Wholesale Club by 2.9% in the 1st quarter. CreativeOne Wealth LLC now owns 3,636 shares of the company's stock valued at $415,000 after purchasing an additional 102 shares during the period. Venturi Wealth Management LLC increased its stake in BJ's Wholesale Club by 3.5% during the 1st quarter. Venturi Wealth Management LLC now owns 3,087 shares of the company's stock valued at $352,000 after purchasing an additional 104 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in BJ's Wholesale Club by 0.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 20,003 shares of the company's stock worth $1,787,000 after buying an additional 105 shares during the last quarter. 98.60% of the stock is currently owned by institutional investors.

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.

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