BJs Wholesale Club (NYSE:BJ) Upgraded to Hold by ValuEngine

June 27th, 2020 – Comments Off on BJs Wholesale Club (NYSE:BJ) Upgraded to Hold by ValuEngineFiled Under
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BJs Wholesale Club Holdings Inc logoValuEngine upgraded shares of BJs Wholesale Club (NYSE:BJ) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning, ValuEngine reports.

Several other analysts also recently commented on BJ. Nomura raised their price objective on shares of BJs Wholesale Club from $33.00 to $40.00 and gave the stock a buy rating in a research report on Friday, May 22nd. Deutsche Bank raised their price objective on shares of BJs Wholesale Club from $29.00 to $39.00 and gave the stock a buy rating in a research report on Friday, May 22nd. JPMorgan Chase & Co. raised shares of BJs Wholesale Club from a neutral rating to an overweight rating and raised their price objective for the stock from $28.00 to $29.00 in a research report on Friday, March 6th. Nomura Instinet raised their price objective on shares of BJs Wholesale Club from $33.00 to $40.00 and gave the stock a buy rating in a research report on Friday, May 22nd. Finally, Barclays raised their price objective on shares of BJs Wholesale Club from $29.00 to $37.00 and gave the stock an equal weight rating in a research report on Friday, May 22nd. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $35.84.

NYSE:BJ opened at $35.61 on Tuesday. The company has a market capitalization of $5.11 billion, a PE ratio of 20.01, a P/E/G ratio of 1.23 and a beta of 0.35. The company has a 50 day simple moving average of $33.43 and a two-hundred day simple moving average of $25.92. The company has a debt-to-equity ratio of 103.12, a quick ratio of 0.22 and a current ratio of 0.81. BJs Wholesale Club has a fifty-two week low of $18.84 and a fifty-two week high of $38.35.

BJs Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, May 21st. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.32. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.33 billion. BJs Wholesale Club had a net margin of 1.78% and a negative return on equity of 360.57%. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS. Research analysts predict that BJs Wholesale Club will post 2.21 EPS for the current year.

In other BJs Wholesale Club news, Director Christopher J. Baldwin sold 7,466 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $27.21, for a total transaction of $203,149.86. Following the transaction, the director now directly owns 524,450 shares in the company, valued at approximately $14,270,284.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher J. Baldwin sold 174,553 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $27.00, for a total value of $4,712,931.00. Following the transaction, the director now owns 524,450 shares in the company, valued at $14,160,150. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 690,269 shares of company stock worth $18,566,966. Company insiders own 4.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. bought a new stake in shares of BJs Wholesale Club during the 4th quarter worth $1,965,000. Legal & General Group Plc increased its holdings in BJs Wholesale Club by 13.8% in the 1st quarter. Legal & General Group Plc now owns 209,532 shares of the company’s stock worth $5,337,000 after acquiring an additional 25,434 shares during the last quarter. Norges Bank purchased a new stake in BJs Wholesale Club in the 4th quarter worth about $32,638,000. Rhumbline Advisers increased its holdings in BJs Wholesale Club by 2.0% in the 1st quarter. Rhumbline Advisers now owns 375,668 shares of the company’s stock worth $9,568,000 after acquiring an additional 7,337 shares during the last quarter. Finally, River Road Asset Management LLC increased its holdings in BJs Wholesale Club by 93.7% in the 4th quarter. River Road Asset Management LLC now owns 2,542,691 shares of the company’s stock worth $57,821,000 after acquiring an additional 1,229,962 shares during the last quarter.

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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