Brokerages Set BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) PT at $74.40

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Get Free Report) has received an average recommendation of "Hold" from the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $74.40.

A number of brokerages have issued reports on BJ. Gordon Haskett lowered shares of BJ's Wholesale Club from a "buy" rating to a "hold" rating and set a $70.00 target price on the stock. in a research report on Wednesday, February 7th. Loop Capital reiterated a "hold" rating and set a $80.00 price target (down previously from $85.00) on shares of BJ's Wholesale Club in a research report on Thursday, April 18th. The Goldman Sachs Group raised shares of BJ's Wholesale Club from a "neutral" rating to a "buy" rating and increased their price objective for the company from $81.00 to $87.00 in a research note on Monday, April 8th. JPMorgan Chase & Co. increased their price objective on shares of BJ's Wholesale Club from $58.00 to $62.00 and gave the company an "underweight" rating in a research note on Friday, March 1st. Finally, Evercore ISI raised their price target on shares of BJ's Wholesale Club from $76.00 to $78.00 and gave the company an "in-line" rating in a research note on Tuesday.

Insiders Place Their Bets

In other BJ's Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the firm's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $76.70, for a total value of $843,700.00. Following the completion of the sale, the chief executive officer now directly owns 500,792 shares in the company, valued at $38,410,746.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Monica Schwartz sold 13,578 shares of BJ's Wholesale Club stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $78.81, for a total transaction of $1,070,082.18. Following the completion of the transaction, the executive vice president now directly owns 13,545 shares in the company, valued at $1,067,481.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert W. Eddy sold 11,000 shares of BJ's Wholesale Club stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $76.70, for a total transaction of $843,700.00. Following the transaction, the chief executive officer now owns 500,792 shares of the company's stock, valued at $38,410,746.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,840 shares of company stock worth $7,408,605. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its position in shares of BJ's Wholesale Club by 46.0% during the fourth quarter. Russell Investments Group Ltd. now owns 54,043 shares of the company's stock valued at $3,603,000 after purchasing an additional 17,024 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of BJ's Wholesale Club during the fourth quarter valued at about $5,745,000. AGF Management Ltd. bought a new position in shares of BJ's Wholesale Club during the fourth quarter valued at about $2,883,000. Boston Trust Walden Corp lifted its position in shares of BJ's Wholesale Club by 2.0% during the fourth quarter. Boston Trust Walden Corp now owns 1,073,646 shares of the company's stock valued at $71,569,000 after purchasing an additional 20,703 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of BJ's Wholesale Club during the third quarter valued at about $685,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

BJ's Wholesale Club Stock Performance

BJ traded down $0.03 on Friday, reaching $79.76. The company had a trading volume of 897,346 shares, compared to its average volume of 1,451,005. BJ's Wholesale Club has a fifty-two week low of $60.33 and a fifty-two week high of $80.52. The stock has a market cap of $10.59 billion, a P/E ratio of 20.62, a P/E/G ratio of 3.34 and a beta of 0.27. The company's fifty day moving average is $76.00 and its 200 day moving average is $70.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.14 and a current ratio of 0.73.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.05. BJ's Wholesale Club had a net margin of 2.64% and a return on equity of 40.84%. The business had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.38 billion. During the same quarter in the prior year, the business earned $1.00 EPS. BJ's Wholesale Club's quarterly revenue was up 8.7% on a year-over-year basis. As a group, analysts predict that BJ's Wholesale Club will post 3.91 earnings per share for the current fiscal year.

BJ's Wholesale Club Company Profile

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.