BJs Wholesale Club (NYSE:BJ) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of BJs Wholesale Club (NYSE:BJ) from a sell rating to a hold rating in a report published on Tuesday, ValuEngine reports.

Other research analysts have also recently issued reports about the stock. Nomura initiated coverage on shares of BJs Wholesale Club in a research report on Friday, November 8th. They set a buy rating and a $30.00 price target for the company. Jefferies Financial Group set a $34.00 price objective on shares of BJs Wholesale Club and gave the stock a buy rating in a report on Friday, August 23rd. Deutsche Bank raised their target price on shares of BJs Wholesale Club from $29.00 to $31.00 and gave the company a buy rating in a research note on Friday, August 23rd. UBS Group lifted their target price on shares of BJs Wholesale Club from $28.00 to $30.00 and gave the company a buy rating in a report on Friday, August 23rd. Finally, Loop Capital lowered their target price on shares of BJs Wholesale Club from $35.00 to $30.00 in a report on Friday, November 22nd. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $30.36.

BJ opened at $23.54 on Tuesday. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.32. The stock has a fifty day simple moving average of $25.45 and a two-hundred day simple moving average of $25.12. BJs Wholesale Club has a 12-month low of $19.67 and a 12-month high of $29.41.

BJs Wholesale Club (NYSE:BJ) last announced its earnings results on Thursday, November 21st. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.30 billion. BJs Wholesale Club had a net margin of 1.60% and a negative return on equity of 137.06%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 EPS. On average, sell-side analysts predict that BJs Wholesale Club will post 1.47 EPS for the current fiscal year.

In other news, EVP Brian Poulliot sold 10,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $23.70, for a total value of $237,000.00. Following the completion of the transaction, the executive vice president now owns 117,092 shares in the company, valued at $2,775,080.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert W. Eddy sold 6,943 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $27.13, for a total value of $188,363.59. Insiders have sold a total of 3,398,418 shares of company stock worth $87,428,405 over the last three months. 17.70% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Psagot Investment House Ltd. purchased a new position in BJs Wholesale Club in the 3rd quarter worth about $29,000. Point72 Asset Management L.P. purchased a new stake in shares of BJs Wholesale Club during the 2nd quarter valued at about $45,000. Aperio Group LLC purchased a new stake in shares of BJs Wholesale Club during the 2nd quarter valued at about $58,000. Quest Capital Management Inc. ADV bought a new stake in shares of BJs Wholesale Club in the third quarter worth approximately $73,000. Finally, Acadian Asset Management LLC bought a new stake in shares of BJs Wholesale Club in the second quarter worth approximately $87,000.

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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Analyst Recommendations for BJs Wholesale Club (NYSE:BJ)

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