BJs Wholesale Club (NYSE:BJ)‘s stock had its “hold” rating reiterated by equities research analysts at Oppenheimer in a research report issued to clients and investors on Thursday, AnalystRatings.com reports.
Other research analysts also recently issued research reports about the stock. Loop Capital upped their price target on shares of BJs Wholesale Club from $40.00 to $45.00 in a research report on Wednesday, July 8th. ValuEngine upgraded shares of BJs Wholesale Club from a “sell” rating to a “hold” rating in a research report on Monday, August 3rd. Credit Suisse Group assumed coverage on shares of BJs Wholesale Club in a report on Wednesday, August 5th. They issued a “buy” rating and a $38.00 price target for the company. MKM Partners initiated coverage on BJs Wholesale Club in a report on Wednesday, July 29th. They set a “sell” rating and a $30.00 price objective on the stock. Finally, Nomura increased their price objective on BJs Wholesale Club from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the stock. BJs Wholesale Club has an average rating of “Buy” and an average price target of $37.05.
Shares of BJ traded up $0.76 on Thursday, hitting $44.16. The company’s stock had a trading volume of 211,664 shares, compared to its average volume of 1,648,590. The company has a market capitalization of $6.02 billion, a PE ratio of 24.80, a PEG ratio of 1.38 and a beta of 0.37. BJs Wholesale Club has a fifty-two week low of $18.84 and a fifty-two week high of $44.63. The company has a 50 day moving average price of $40.07 and a 200 day moving average price of $30.53. The company has a debt-to-equity ratio of 103.12, a current ratio of 0.81 and a quick ratio of 0.22.
BJs Wholesale Club (NYSE:BJ) last posted its quarterly earnings data on Thursday, May 21st. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.32. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.33 billion. BJs Wholesale Club had a negative return on equity of 360.57% and a net margin of 1.78%. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The business’s revenue was up 21.1% on a year-over-year basis. On average, equities analysts forecast that BJs Wholesale Club will post 2.32 EPS for the current year.
In other BJs Wholesale Club news, EVP Jeff Desroches sold 5,264 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $39.65, for a total value of $208,717.60. Following the sale, the executive vice president now owns 173,813 shares in the company, valued at approximately $6,891,685.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Laura L. Felice sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $39.66, for a total transaction of $277,620.00. Following the transaction, the senior vice president now directly owns 92,656 shares of the company’s stock, valued at $3,674,736.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 88,672 shares of company stock worth $3,459,660. 4.20% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of BJ. JPMorgan Chase & Co. grew its holdings in BJs Wholesale Club by 32.6% in the 1st quarter. JPMorgan Chase & Co. now owns 6,261,647 shares of the company’s stock valued at $159,484,000 after buying an additional 1,539,182 shares in the last quarter. Bank of America Corp DE increased its stake in BJs Wholesale Club by 92.1% in the second quarter. Bank of America Corp DE now owns 2,830,909 shares of the company’s stock valued at $105,509,000 after acquiring an additional 1,357,511 shares during the last quarter. Franklin Resources Inc. raised its position in BJs Wholesale Club by 95.4% during the first quarter. Franklin Resources Inc. now owns 2,368,844 shares of the company’s stock valued at $60,334,000 after purchasing an additional 1,156,544 shares in the last quarter. Jennison Associates LLC lifted its stake in BJs Wholesale Club by 1,153.1% during the second quarter. Jennison Associates LLC now owns 1,031,113 shares of the company’s stock worth $38,430,000 after purchasing an additional 948,825 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of BJs Wholesale Club in the 2nd quarter valued at $32,198,000.
About BJs Wholesale Club
BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.
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