Other analysts have also recently issued reports about the stock. Loop Capital dropped their price target on shares of BJs Wholesale Club from $35.00 to $30.00 in a research note on Friday, November 22nd. Nomura initiated coverage on shares of BJs Wholesale Club in a research note on Friday, November 8th. They issued a buy rating and a $30.00 price objective for the company. William Blair reissued a buy rating on shares of BJs Wholesale Club in a report on Friday, November 22nd. Jefferies Financial Group set a $34.00 target price on BJs Wholesale Club and gave the stock a buy rating in a research report on Friday, August 23rd. Finally, UBS Group increased their target price on BJs Wholesale Club from $28.00 to $30.00 and gave the stock a buy rating in a research report on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $30.36.
Shares of BJs Wholesale Club stock opened at $23.54 on Tuesday. The stock has a market capitalization of $3.23 billion, a P/E ratio of 20.65, a P/E/G ratio of 1.40 and a beta of 1.32. BJs Wholesale Club has a 52-week low of $19.67 and a 52-week high of $29.41. The stock’s 50-day simple moving average is $25.45 and its 200 day simple moving average is $25.12.
BJs Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, November 21st. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates 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 last year, the business earned $0.39 earnings per share. Research analysts predict that BJs Wholesale Club will post 1.47 earnings per share for the current fiscal year.
In other news, SVP William C. Werner sold 45,657 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $27.33, for a total transaction of $1,247,805.81. Also, EVP Brian Poulliot sold 10,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $23.70, for a total transaction of $237,000.00. Following the completion of the transaction, the executive vice president now directly owns 117,092 shares in the company, valued at approximately $2,775,080.40. The disclosure for this sale can be found here. Insiders sold 3,398,418 shares of company stock valued at $87,428,405 over the last 90 days. 17.70% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. First Trust Advisors LP lifted its position in BJs Wholesale Club by 0.8% during the first quarter. First Trust Advisors LP now owns 115,218 shares of the company’s stock valued at $3,157,000 after purchasing an additional 955 shares during the last quarter. First Quadrant L P CA purchased a new position in BJs Wholesale Club in the second quarter worth $268,000. Quantitative Systematic Strategies LLC bought a new position in BJs Wholesale Club in the second quarter valued at $755,000. ARP Americas LP bought a new position in BJs Wholesale Club in the second quarter valued at $251,000. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in BJs Wholesale Club by 42.8% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 28,205 shares of the company’s stock valued at $745,000 after acquiring an additional 8,455 shares during the last quarter.
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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