BJs Wholesale Club Holdings Inc (BJ) Receives $30.42 Average Price Target from Analysts

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BJs Wholesale Club Holdings Inc (NYSE:BJ) has been assigned a consensus recommendation of “Hold” from the nineteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $30.42.

A number of analysts have recently commented on the company. Barclays assumed coverage on BJs Wholesale Club in a report on Friday, February 1st. They issued an “equal weight” rating on the stock. Zacks Investment Research lowered BJs Wholesale Club from a “buy” rating to a “hold” rating in a report on Wednesday, January 23rd. Wells Fargo & Co upgraded BJs Wholesale Club from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $26.00 to $29.00 in a report on Tuesday, January 22nd. CIBC assumed coverage on BJs Wholesale Club in a report on Thursday, October 18th. They issued a “market perform” rating on the stock. Finally, Oppenheimer assumed coverage on BJs Wholesale Club in a report on Wednesday, October 17th. They issued a “market perform” rating on the stock.

BJ stock opened at $26.23 on Friday. BJs Wholesale Club has a 1-year low of $19.31 and a 1-year high of $32.92.

BJs Wholesale Club (NYSE:BJ) last posted its earnings results on Tuesday, November 20th. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.04. The business had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.16 billion. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 earnings per share. As a group, sell-side analysts anticipate that BJs Wholesale Club will post 0.95 earnings per share for the current year.

In related news, CEO Christopher J. Baldwin sold 48,622 shares of BJs Wholesale Club stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $26.03, for a total value of $1,265,630.66. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP William C. Werner sold 40,000 shares of BJs Wholesale Club stock in a transaction dated Tuesday, January 22nd. The shares were sold at an average price of $24.96, for a total value of $998,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 378,641 shares of company stock worth $9,528,154.

Several large investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its position in shares of BJs Wholesale Club by 12.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,989,168 shares of the company’s stock valued at $44,080,000 after acquiring an additional 217,610 shares during the last quarter. BlackRock Inc. increased its position in shares of BJs Wholesale Club by 50.0% in the fourth quarter. BlackRock Inc. now owns 4,952,770 shares of the company’s stock valued at $109,752,000 after acquiring an additional 1,650,828 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of BJs Wholesale Club by 66.4% in the fourth quarter. New York State Common Retirement Fund now owns 275,100 shares of the company’s stock valued at $6,096,000 after acquiring an additional 109,755 shares during the last quarter. California Public Employees Retirement System increased its position in shares of BJs Wholesale Club by 596.2% in the fourth quarter. California Public Employees Retirement System now owns 80,652 shares of the company’s stock valued at $1,787,000 after acquiring an additional 69,067 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of BJs Wholesale Club by 201.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,165 shares of the company’s stock valued at $26,000 after acquiring an additional 778 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for BJs Wholesale Club (NYSE:BJ)

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