Brokerages Set BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Target Price at $86.07

Shares of BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) have earned an average recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $86.31.

Several equities analysts recently weighed in on BJ shares. Evercore ISI raised their price objective on shares of BJ’s Wholesale Club from $86.00 to $89.00 and gave the company an “in-line” rating in a research report on Thursday, June 20th. Wells Fargo & Company upgraded shares of BJ’s Wholesale Club from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $75.00 to $92.00 in a report on Friday, August 23rd. Melius Research started coverage on shares of BJ’s Wholesale Club in a report on Monday. They issued a “buy” rating and a $90.00 price objective for the company. Loop Capital raised their target price on BJ’s Wholesale Club from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, July 11th. Finally, JPMorgan Chase & Co. upgraded BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $76.00 to $78.00 in a research note on Monday, August 26th.

Insiders Place Their Bets

In related news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the sale, the chief executive officer now owns 467,792 shares in the company, valued at $40,651,124.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $86.90, for a total value of $955,900.00. Following the completion of the transaction, the chief executive officer now directly owns 467,792 shares in the company, valued at $40,651,124.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Graham Luce sold 16,596 shares of BJ’s Wholesale Club stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $91.15, for a total transaction of $1,512,725.40. Following the sale, the executive vice president now owns 14,131 shares in the company, valued at approximately $1,288,040.65. The disclosure for this sale can be found here. Insiders have sold 79,438 shares of company stock worth $6,980,938 in the last ninety days. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. acquired a new position in shares of BJ’s Wholesale Club in the 2nd quarter worth approximately $25,000. Rise Advisors LLC bought a new stake in BJ’s Wholesale Club in the first quarter valued at $26,000. J.Safra Asset Management Corp acquired a new position in BJ’s Wholesale Club during the second quarter worth $45,000. Benjamin Edwards Inc. lifted its holdings in shares of BJ’s Wholesale Club by 394.5% during the second quarter. Benjamin Edwards Inc. now owns 628 shares of the company’s stock valued at $55,000 after acquiring an additional 501 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of BJ’s Wholesale Club by 103.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 745 shares of the company’s stock valued at $65,000 after purchasing an additional 379 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

BJ’s Wholesale Club Trading Up 0.1 %

Shares of NYSE:BJ opened at $82.14 on Thursday. BJ’s Wholesale Club has a 12-month low of $63.08 and a 12-month high of $92.37. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $10.89 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 3.02 and a beta of 0.24. The firm has a fifty day moving average of $83.63 and a two-hundred day moving average of $82.16.

BJ’s Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, August 22nd. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts expect that BJ’s Wholesale Club will post 3.83 EPS for the current fiscal year.

About BJ’s Wholesale Club

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.