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

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) have been given a consensus rating of “Moderate Buy” by the seventeen ratings firms that are covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $94.88.

BJ has been the topic of a number of research analyst reports. Jefferies Financial Group raised their target price on shares of BJ’s Wholesale Club from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. TD Cowen raised their target price on shares of BJ’s Wholesale Club from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Citigroup raised their target price on shares of BJ’s Wholesale Club from $94.00 to $101.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Wells Fargo & Company raised their target price on shares of BJ’s Wholesale Club from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, UBS Group raised their price target on shares of 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.

Hedge Funds Weigh In On BJ’s Wholesale Club

A number of hedge funds have recently bought and sold shares of BJ. CWM LLC raised its stake in BJ’s Wholesale Club by 13.5% during the third quarter. CWM LLC now owns 2,114 shares of the company’s stock worth $174,000 after buying an additional 251 shares during the last quarter. Creative Planning raised its stake in BJ’s Wholesale Club by 37.4% during the third quarter. Creative Planning now owns 12,771 shares of the company’s stock worth $1,053,000 after buying an additional 3,473 shares during the last quarter. Bleakley Financial Group LLC increased its stake in BJ’s Wholesale Club by 4.7% in the third quarter. Bleakley Financial Group LLC now owns 10,953 shares of the company’s stock valued at $903,000 after purchasing an additional 487 shares in the last quarter. Inspire Advisors LLC bought a new stake in BJ’s Wholesale Club in the third quarter valued at $745,000. Finally, Blue Trust Inc. increased its stake in BJ’s Wholesale Club by 198.6% in the third quarter. Blue Trust Inc. now owns 863 shares of the company’s stock valued at $76,000 after purchasing an additional 574 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Stock Performance

NYSE BJ opened at $101.44 on Friday. BJ’s Wholesale Club has a 1 year low of $68.53 and a 1 year high of $108.00. The company has a current ratio of 0.76, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $13.40 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 4.60 and a beta of 0.32. The firm’s 50 day simple moving average is $97.49 and its 200 day simple moving average is $90.33.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.29. BJ’s Wholesale Club had a net margin of 2.71% and a return on equity of 35.41%. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.12 billion. During the same quarter last year, the business posted $0.98 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, research analysts expect that BJ’s Wholesale Club will post 3.96 earnings per share for the current fiscal 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.