Should I buy or sell BlueLinx stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlueLinx in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" BXC shares. View BXC analyst ratings or view top-rated stocks .

What is BlueLinx's stock price target for 2024?

1 brokerages have issued 12-month price objectives for BlueLinx's shares. Their BXC share price targets range from $144.00 to $144.00. On average, they expect the company's stock price to reach $144.00 in the next twelve months. This suggests a possible upside of 30.8% from the stock's current price. View analysts price targets for BXC or view top-rated stocks among Wall Street analysts .

How have BXC shares performed in 2024?

BlueLinx's stock was trading at $113.31 at the beginning of 2024. Since then, BXC shares have decreased by 2.9% and is now trading at $110.06. View the best growth stocks for 2024 here .

Are investors shorting BlueLinx?

BlueLinx saw a drop in short interest in March. As of March 31st, there was short interest totaling 210,000 shares, a drop of 19.0% from the March 15th total of 259,400 shares. Based on an average trading volume of 72,500 shares, the short-interest ratio is presently 2.9 days. Currently, 2.5% of the company's stock are sold short. View BlueLinx's Short Interest .

When is BlueLinx's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024. View our BXC earnings forecast .

How were BlueLinx's earnings last quarter?

BlueLinx Holdings Inc. (NYSE:BXC) released its quarterly earnings results on Tuesday, February, 20th. The construction company reported $2.64 earnings per share (EPS) for the quarter. The construction company had revenue of $712.53 million for the quarter. BlueLinx had a net margin of 1.55% and a trailing twelve-month return on equity of 14.81%.

What ETFs hold BlueLinx's stock?

ETFs with the largest weight of BlueLinx (NYSE:BXC) stock in their portfolio include First Trust Active Factor Small Cap ETF (AFSM) , iShares US Small Cap Value Factor ETF (SVAL) , Royce Quant Small-Cap Quality Value ETF (SQLV) and Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) . iShares Micro-Cap ETF (IWC) .

What is Mitch Lewis' approval rating as BlueLinx's CEO?

56 employees have rated BlueLinx Chief Executive Officer Mitch Lewis on Glassdoor.com . Mitch Lewis has an approval rating of 49% among the company's employees. This puts Mitch Lewis in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of BlueLinx own?

Based on aggregate information from My MarketBeat watchlists, some companies that other BlueLinx investors own include Novavax (NVAX) , Micron Technology (MU) , Co-Diagnostics (CODX) , Livongo Health (LVGO) , Intel (INTC) , Maxar Technologies (MAXR) , Civeo (CVEO) , BowFlex (NLS) , Sorrento Therapeutics (SRNE) and Hologic (HOLX) .

Who are BlueLinx's major shareholders?

BlueLinx's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BTC Capital Management Inc. (0.03%). Insiders that own company stock include Carol B Yancey, Kim S Fennebresque , Mitchell B Lewis, Mitchell B Lewis and Shyam K Reddy . View institutional ownership trends .

How do I buy shares of BlueLinx?

Shares of BXC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:BXC

BlueLinx (BXC) Stock Price, News & Analysis

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Free BXC Stock Alerts

$110.06

-3.71 (-3.26%)

(As of 04/17/2024 ET)

Compare

Today's Range: $109.59
▼
$114.37
50-Day Range: $110.06
▼
$131.10
52-Week Range: $66.58
▼
$132.67

Volume: 80,571 shs
Average Volume: 72,783 shs
Market Capitalization: $952.02 million

P/E Ratio: 20.88
Dividend Yield: N/A
Price Target: $144.00

Get BlueLinx alerts:

BlueLinx MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 30.8% Upside
$144.00 Price Target
Short Interest: Healthy
2.53% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.88
Based on 4 Articles This Week
Insider Trading: Selling Shares
$1 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.33 out of 5 stars

Construction Sector

47th out of 98 stocks

Lumber, Plywood, & Millwork Industry

1st out of 1 stocks

3.5

Analyst's Opinion

Consensus Rating
BlueLinx has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
BlueLinx has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.53% of the float of BlueLinx has been sold short.
Short Interest Ratio / Days to Cover
BlueLinx has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in BlueLinx has recently decreased by 19.04%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
BlueLinx does not currently pay a dividend.
Dividend Growth
BlueLinx does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BXC.

3.3

News and Social Media Coverage

News Sentiment
BlueLinx has a news sentiment score of 0.88. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for BlueLinx this week, compared to 2 articles on an average week.
Search Interest
3 people have searched for BXC on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, BlueLinx insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,000,196.00 in company stock.
Percentage Held by Insiders
Only 4.50% of the stock of BlueLinx is held by insiders.
Percentage Held by Institutions
90.83% of the stock of BlueLinx is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of BlueLinx is 20.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of BlueLinx is 20.88, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 18.98.
Price to Book Value per Share Ratio
BlueLinx has a P/B Ratio of 1.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About BlueLinx Stock (NYSE:BXC)

BlueLinx Holdings Inc., together with its subsidiaries, engages in the distribution of residential and commercial building products in the United States. It distributes specialty products, including engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products; and structural products, such as lumber, plywood, oriented strand boards, rebars and remesh, as well as other wood products that are used for structural support in construction projects. It also provides various value-added services and solutions to customers and suppliers. The company serves national home centers, pro dealers, cooperatives, specialty distributors, regional and local dealers, and industrial manufacturers. BlueLinx Holdings Inc. was incorporated in 2004 and is headquartered in Marietta, Georgia.

BXC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BXC Stock News Headlines

April 17, 2024 | finance.yahoo.com

BlueLinx to Host First Quarter 2024 Results Conference Call and Webcast on May 1, 2024

April 17, 2024 | businesswire.com

BlueLinx to Host First Quarter 2024 Results Conference Call and Webcast on May 1, 2024

April 18, 2024 | Gold Safe Exchange (Ad)

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 16, 2024 | finance.yahoo.com

Recent 9.9% pullback isn't enough to hurt long-term BlueLinx Holdings (NYSE:BXC) shareholders, they're still up 375% over 5 years

April 2, 2024 | businesswire.com

BlueLinx Announces Executive Leadership Changes

March 23, 2024 | seekingalpha.com

BXC BlueLinx Holdings Inc.

March 18, 2024 | finance.yahoo.com

BlueLinx Holdings Inc.'s (NYSE:BXC) Stock Has Shown A Decent Performance: Have Financials A Role To Play?

March 17, 2024 | investing.com

BlueLinx director sells over $622k in company stock

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 16, 2024 | finance.yahoo.com

BXC Apr 2024 150.000 call

March 16, 2024 | finance.yahoo.com

Director Mitchell Lewis Sells Shares of BlueLinx Holdings Inc (BXC)

March 3, 2024 | ca.finance.yahoo.com

BXC Aug 2024 80.000 put

February 26, 2024 | finance.yahoo.com

BlueLinx Holdings (NYSE:BXC) Is Experiencing Growth In Returns On Capital

February 24, 2024 | msn.com

BlueLinx Holdings (BXC) Price Target Increased by 14.23% to 121.18

February 24, 2024 | ca.finance.yahoo.com

BXC Mar 2024 80.000 put

February 22, 2024 | finance.yahoo.com

BlueLinx Holdings Inc. (NYSE:BXC) Q4 2023 Earnings Call Transcript

February 20, 2024 | benzinga.com

Recap: BlueLinx Hldgs Q4 Earnings

February 20, 2024 | ca.finance.yahoo.com

BXC May 2024 120.000 call

February 20, 2024 | finance.yahoo.com

BlueLinx Holdings Inc (BXC) Reports Mixed 2023 Financial Results Amid Market Challenges

February 20, 2024 | finance.yahoo.com

BlueLinx Announces Fourth Quarter and Full Year 2023 Results

February 20, 2024 | businesswire.com

BlueLinx Announces Fourth Quarter and Full Year 2023 Results

February 20, 2024 | msn.com

Stocks Set to Open Lower as Investors Await FOMC Minutes and Nvidia Earnings

February 19, 2024 | uk.finance.yahoo.com

BlueLinx Holdings Inc. (BXC)

February 19, 2024 | ca.finance.yahoo.com

BXC May 2024 90.000 put

February 19, 2024 | markets.businessinsider.com

Here's what Wall Street expects from BlueLinx's earnings

February 19, 2024 | benzinga.com

BlueLinx Hldgs's Earnings Outlook

February 19, 2024 | finance.yahoo.com

BXC Mar 2024 60.000 put

See More Headlines

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Company Calendar

Last Earnings: 2/20/2024
Today: 4/17/2024
Next Earnings (Estimated): 5/07/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Construction
Industry: Lumber, plywood, & millwork
Sub-Industry: Trading Companies & Distributors
Current Symbol: NYSE:BXC
CUSIP: 09624H10
CIK: 1301787
Web: www.bluelinxco.com
Phone: (770) 953-7000
Fax: 770-221-8902
Employees: 2,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $144.00
High Stock Price Target: $144.00
Low Stock Price Target: $144.00
Potential Upside/Downside: +30.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.27
Trailing P/E Ratio: 20.87
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $48.54 million
Net Margins: 1.55%
Pretax Margin: 2.61%
Return on Equity: 14.81%
Return on Assets: 5.97%

Debt

Debt-to-Equity Ratio: 0.90
Current Ratio: 5.13
Quick Ratio: 3.55

Sales & Book Value

Annual Sales: $3.14 billion
Price / Sales: 0.30
Cash Flow: $13.05 per share
Price / Cash Flow: 8.43
Book Value: $72.35 per share
Price / Book: 1.52

Miscellaneous

Outstanding Shares: 8,650,000
Free Float: 8,261,000
Market Cap: $951.50 million
Optionable: Optionable
Beta: 1.90

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Key Executives

Mr. Shyam K. Reddy (Age 49)
CEO, President & Director
Comp: $1.07M
Mr. Mitchell B. Lewis (Age 62)
Director
Comp: $85.59k
Mr. R. Andrew Wamser Jr. (Age 50)
Senior VP & CFO
Ms. Kimberly A. DeBrock (Age 57)
VP & Chief Accounting Officer
Ms. Tricia Kinney
General Counsel & Corporate Secretary
Mr. Sean Dwyer
Chief Strategy & Corporate Development Officer
Mr. Michael Wilson (Age 61)
Senior Vice President of Product Management

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BXC Stock Analysis - Frequently Asked Questions

Should I buy or sell BlueLinx stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlueLinx in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" BXC shares.
View BXC analyst ratings or view top-rated stocks.
What is BlueLinx's stock price target for 2024?: 1 brokerages have issued 12-month price objectives for BlueLinx's shares. Their BXC share price targets range from $144.00 to $144.00. On average, they expect the company's stock price to reach $144.00 in the next twelve months. This suggests a possible upside of 30.8% from the stock's current price.
View analysts price targets for BXC or view top-rated stocks among Wall Street analysts.
How have BXC shares performed in 2024?: BlueLinx's stock was trading at $113.31 at the beginning of 2024. Since then, BXC shares have decreased by 2.9% and is now trading at $110.06.
View the best growth stocks for 2024 here.
Are investors shorting BlueLinx?: BlueLinx saw a drop in short interest in March. As of March 31st, there was short interest totaling 210,000 shares, a drop of 19.0% from the March 15th total of 259,400 shares. Based on an average trading volume of 72,500 shares, the short-interest ratio is presently 2.9 days. Currently, 2.5% of the company's stock are sold short.
View BlueLinx's Short Interest.
When is BlueLinx's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our BXC earnings forecast.
How were BlueLinx's earnings last quarter?: BlueLinx Holdings Inc. (NYSE:BXC) released its quarterly earnings results on Tuesday, February, 20th. The construction company reported $2.64 earnings per share (EPS) for the quarter. The construction company had revenue of $712.53 million for the quarter. BlueLinx had a net margin of 1.55% and a trailing twelve-month return on equity of 14.81%.

What ETFs hold BlueLinx's stock?: ETFs with the largest weight of BlueLinx (NYSE:BXC) stock in their portfolio include First Trust Active Factor Small Cap ETF (AFSM), iShares US Small Cap Value Factor ETF (SVAL), Royce Quant Small-Cap Quality Value ETF (SQLV) and Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).iShares Micro-Cap ETF (IWC).
What is Mitch Lewis' approval rating as BlueLinx's CEO?: 56 employees have rated BlueLinx Chief Executive Officer Mitch Lewis on Glassdoor.com. Mitch Lewis has an approval rating of 49% among the company's employees. This puts Mitch Lewis in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of BlueLinx own?: Based on aggregate information from My MarketBeat watchlists, some companies that other BlueLinx investors own include Novavax (NVAX), Micron Technology (MU), Co-Diagnostics (CODX), Livongo Health (LVGO), Intel (INTC), Maxar Technologies (MAXR), Civeo (CVEO), BowFlex (NLS), Sorrento Therapeutics (SRNE) and Hologic (HOLX).
Who are BlueLinx's major shareholders?: BlueLinx's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BTC Capital Management Inc. (0.03%). Insiders that own company stock include Carol B Yancey, Kim S Fennebresque, Mitchell B Lewis, Mitchell B Lewis and Shyam K Reddy.
View institutional ownership trends.
How do I buy shares of BlueLinx?: Shares of BXC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BXC) was last updated on 4/18/2024 by MarketBeat.com Staff

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