Brokerages Set BJs Wholesale Club Holdings Inc (BJ) PT at $30.54

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BJs Wholesale Club Holdings Inc (NYSE:BJ) has earned a consensus recommendation of “Buy” from the twenty ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $30.43.

Several analysts have weighed in on the stock. Citigroup lifted their price objective on shares of BJs Wholesale Club from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Evercore ISI initiated coverage on shares of BJs Wholesale Club in a research report on Wednesday, March 20th. They issued an “outperform” rating and a $30.00 target price for the company. Zacks Investment Research upgraded shares of BJs Wholesale Club from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Friday. Gordon Haskett upgraded shares of BJs Wholesale Club from an “accumulate” rating to a “buy” rating in a research report on Thursday, March 21st. Finally, Nomura dropped their target price on shares of BJs Wholesale Club from $29.00 to $27.00 and set a “buy” rating for the company in a research report on Thursday, March 7th.

In related news, SVP Kristyn M. Sugrue sold 4,552 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $25.25, for a total transaction of $114,938.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Cvc European Equity V. Ltd sold 9,775,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $24.58, for a total transaction of $240,269,500.00. The disclosure for this sale can be found here. Insiders sold a total of 10,240,551 shares of company stock valued at $253,069,037 over the last 90 days. Corporate insiders own 17.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. grew its holdings in BJs Wholesale Club by 18.5% during the 1st 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. Wellington Management Group LLP grew its holdings in BJs Wholesale Club by 0.5% during the 1st quarter. Wellington Management Group LLP now owns 161,687 shares of the company’s stock worth $4,430,000 after acquiring an additional 749 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in BJs Wholesale Club by 201.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,165 shares of the company’s stock worth $26,000 after acquiring an additional 778 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in BJs Wholesale Club by 25.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,574 shares of the company’s stock worth $125,000 after acquiring an additional 917 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in BJs Wholesale Club by 0.8% during the 1st quarter. First Trust Advisors LP now owns 115,218 shares of the company’s stock worth $3,157,000 after acquiring an additional 955 shares during the last quarter. Institutional investors and hedge funds own 90.61% of the company’s stock.

BJs Wholesale Club stock traded up $0.51 during midday trading on Friday, hitting $26.66. The company’s stock had a trading volume of 2,021,994 shares, compared to its average volume of 892,387. BJs Wholesale Club has a 1-year low of $19.31 and a 1-year high of $32.92. The stock has a market capitalization of $3.70 billion and a price-to-earnings ratio of 23.39.

BJs Wholesale Club (NYSE:BJ) last issued its quarterly earnings data on Thursday, May 23rd. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.12 billion. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts forecast that BJs Wholesale Club will post 1.48 EPS for the current year.

BJs Wholesale Club Company Profile

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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