BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ – Get Rating) jumped 0.4% during Thursday’s midday session. The company traded as high as $59.56 and last traded at $59.55. 18,987 shares were traded at midday, down 99% from the average session volume of 1,749,011 shares. The stock had previously closed at $59.30.
Several brokerages have recently weighed in on BJ. Robert W. Baird reaffirmed an “outperform” rating and set a $70.00 price target on BJ’s Wholesale Club stock in a Monday, May 23 research report. Citigroup raised its price target on shares of BJ’s Wholesale Club from $58.00 to $63.00 and gave the company a “neutral” rating in a Friday, May 20 research report. Jefferies Financial Group raised its price target on shares of BJ’s Wholesale Club from $69.00 to $72.00 in a Thursday, June 2 research report. Deutsche Bank Aktiengesellschaft raised its price target on BJ’s Wholesale Club from $70.00 to $74.00 in a Friday, May 20 report. Finally, Credit Suisse Group lowered its price target on BJ’s Wholesale Club from $80.00 to $70.00 and set an “outperform” rating on the stock in a Friday, March 4 report. One financial analyst gave the stock a sell rating, six gave the company a hold rating and ten gave the company a buy rating. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $65.64.
The stock has a fifty-day simple moving average of $62.68 and a 200-day simple moving average of $63.44. The stock has a market capitalization of $7.92 billion, a P/E ratio of 17.48, a PEG ratio of 1.99 and a beta of 0.52. The company has a debt ratio of 1.04, a quick ratio of 0.14 and a current ratio of 0.80.
BJ’s Wholesale Club (NYSE:BJ – Get Rating) last reported quarterly earnings data on Thursday, May 19. The company reported earnings per share of $0.87 for the quarter, beating the consensus estimate of $0.72 by $0.15. BJ’s Wholesale Club achieved a return on equity of 77.13% and a net margin of 2.65%. The company posted revenue of $4.50 billion in the quarter, compared to $4.24 billion expected by analysts. In the same quarter last year, the company achieved EPS of $0.72. BJ’s Wholesale Club revenue for the quarter increased 16.2% compared to the same quarter last year. On average, research analysts expect BJ’s Wholesale Club Holdings, Inc. to post earnings per share of 3.31 for the current year.
In other news from BJ’s Wholesale Club, Director Kenneth M. Parent sold 35,004 shares of the company in a trade that took place on Tuesday, April 5. The shares were sold at an average price of $67.42, for a total transaction of $2,359,969.68. Following the completion of the sale, the administrator now directly owns 14,143 shares of the company, valued at $953,521.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders of the company hold 2.10% of the shares of the company.
Several hedge funds and other institutional investors have recently bought and sold shares of BJ. City State Bank acquired a new stock position in BJ’s Wholesale Club during the fourth quarter worth $25,000. Counterpoint Mutual Funds LLC acquired a new position in BJ’s Wholesale Club in the fourth quarter worth $26,000. Sageworth Trust Co of South Dakota acquired a new position in BJ’s Wholesale Club in the fourth quarter worth $26,000. NEXT Financial Group Inc acquired a new stock position in BJ’s Wholesale Club during the fourth quarter worth approximately $27,000. Finally, National Bank of Canada FI acquired a new position in shares of BJ’s Wholesale Club during the fourth quarter for a value of approximately $31,000. 99.98% of the shares are currently held by hedge funds and other institutional investors.
About BJ’s Wholesale Club (NYSE:BJ)
BJ’s Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the East Coast of the United States. It provides perishables, general merchandise, gasoline and other ancillary services. The Company sells its products through the BJs.com, BerkleyJensen.com, Wellsleyfarms.com and Delivery.bjs.com websites and mobile application.
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