BJs Wholesale Club (NYSE:BJ) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of BJs Wholesale Club (NYSE:BJ) from a buy rating to a hold rating in a research report report published on Tuesday, Zacks.com reports.

According to Zacks, “BJ’s Wholesale Club Holdings, Inc. is an operator of membership warehouse clubs primarily in the Eastern United States. The company operates clubs and BJ’s Gas(R) locations in states. It provides shopping destination which includes exclusive Wellsley Farms(R) and Berkley Jensen(R) brands, along with USDA Choice meats, premium produce and delicious organics. BJ’s Wholesale Club Holdings, Inc. is based in WESTBOROUGH, Mass. “

A number of other analysts also recently commented on BJ. ValuEngine upgraded BJs Wholesale Club from a sell rating to a hold rating in a research report on Thursday, August 22nd. Morgan Stanley upped their price objective on BJs Wholesale Club from $28.00 to $29.00 and gave the company an equal weight rating in a research report on Friday, August 23rd. Jefferies Financial Group set a $34.00 price objective on BJs Wholesale Club and gave the company a buy rating in a research report on Friday, August 23rd. Deutsche Bank upped their price objective on BJs Wholesale Club from $29.00 to $31.00 and gave the company a buy rating in a research report on Friday, August 23rd. Finally, Goldman Sachs Group assumed coverage on BJs Wholesale Club in a research report on Thursday, July 11th. They issued a buy rating and a $29.00 price objective on the stock. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. BJs Wholesale Club has an average rating of Buy and an average target price of $31.17.

BJ opened at $26.26 on Tuesday. The business’s fifty day moving average is $23.82 and its two-hundred day moving average is $25.67. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 1.52 and a beta of 1.55. BJs Wholesale Club has a one year low of $19.31 and a one year high of $32.92.

BJs Wholesale Club (NYSE:BJ) last posted its earnings results on Thursday, August 22nd. The company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.39 billion. BJs Wholesale Club had a negative return on equity of 102.69% and a net margin of 1.59%. BJs Wholesale Club’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. Equities analysts anticipate that BJs Wholesale Club will post 1.48 EPS for the current fiscal year.

In related news, CEO Christopher J. Baldwin sold 30,147 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $24.73, for a total value of $745,535.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kirk Saville sold 4,343 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $25.87, for a total value of $112,353.41. The disclosure for this sale can be found here. Insiders sold 9,045,786 shares of company stock worth $222,215,737 over the last 90 days. Company insiders own 17.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. acquired a new stake in BJs Wholesale Club during the second quarter worth about $45,000. Aperio Group LLC acquired a new stake in BJs Wholesale Club during the second quarter worth about $58,000. Acadian Asset Management LLC acquired a new stake in BJs Wholesale Club during the second quarter worth about $87,000. Oppenheimer Asset Management Inc. increased its stake in BJs Wholesale Club by 18.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,889 shares of the company’s stock worth $107,000 after acquiring an additional 606 shares during the last quarter. Finally, Quantamental Technologies LLC grew its stake in shares of BJs Wholesale Club by 4,303.0% in the second quarter. Quantamental Technologies LLC now owns 4,403 shares of the company’s stock valued at $116,000 after buying an additional 4,303 shares in the last quarter. Hedge funds and other institutional investors own 98.74% of the company’s stock.

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.

Further Reading: Insider Trading

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