Several other equities analysts also recently commented on the stock. Goldman Sachs Group assumed coverage on shares of BJs Wholesale Club in a research note on Thursday, July 11th. They issued a buy rating and a $29.00 price target on the stock. Morgan Stanley set a $28.00 price target on shares of BJs Wholesale Club and gave the company a hold rating in a research note on Friday, May 24th. Zacks Investment Research downgraded shares of BJs Wholesale Club from a buy rating to a hold rating in a research note on Monday, July 22nd. Finally, Deutsche Bank assumed coverage on shares of BJs Wholesale Club in a research note on Monday, July 15th. They issued a buy rating and a $29.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $30.70.
NYSE:BJ opened at $21.13 on Monday. BJs Wholesale Club has a one year low of $19.31 and a one year high of $32.92. The firm has a market capitalization of $3.04 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.32 and a beta of 1.55. The company has a fifty day moving average of $24.34.
In other BJs Wholesale Club news, CEO Christopher J. Baldwin sold 30,147 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $24.07, for a total transaction of $725,638.29. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Cvc European Equity V. Ltd sold 8,750,000 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $24.53, for a total transaction of $214,637,500.00. The disclosure for this sale can be found here. Insiders sold 9,014,271 shares of company stock worth $221,389,034 over the last 90 days. 17.70% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. 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. grew 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 buying an additional 606 shares in the last quarter. Finally, Quantamental Technologies LLC grew its stake in BJs Wholesale Club by 4,303.0% during the second quarter. Quantamental Technologies LLC now owns 4,403 shares of the company’s stock worth $116,000 after buying an additional 4,303 shares in the last quarter. Hedge funds and other institutional investors own 91.55% 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.
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