BJs Wholesale Club (NYSE:BJ) Downgraded to Sell at ValuEngine

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ValuEngine cut shares of BJs Wholesale Club (NYSE:BJ) from a hold rating to a sell rating in a report released on Monday morning, ValuEngine reports.

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.

BJs Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, May 23rd. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. BJs Wholesale Club had a net margin of 1.14% and a negative return on equity of 72.36%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.12 billion. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, analysts anticipate that BJs Wholesale Club will post 1.5 earnings per share for the current year.

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.

Read More: Net Margin – Understanding the Different Kinds of Profit

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for BJs Wholesale Club (NYSE:BJ)

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