In yesterday’s Wall Street session, BJ’s Wholesale Club Holdings Inc. (NYSE:BJ) shares traded at $69.60, down -0.76% from the previous session.
As of this writing, 22 analysts cover BJ’s Wholesale Club Holdings Inc. (NYSE:BJ). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $97.00 and a low of $65.00, we find $86.00. Given the previous closing price of $70.13, this indicates a potential upside of 22.63 percent. BJ stock price is now -6.93% away from the 50-day moving average and -4.81% away from the 200-day moving average. The market capitalization of the company currently stands at $9.46B.
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There are 8 analysts who have given it a hold rating, whereas 12 have given it a buy rating. Brokers who have rated the stock have averaged $84.17 as their price target over the next twelve months.
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In other news, Desroches Jeff, EVP, Chief Operations Officer sold 7,059 shares of the company’s stock on Mar 09. The stock was sold for $544,149 at an average price of $77.09. Upon completion of the transaction, the EVP, Chief Operations Officer now directly owns 84,822 shares in the company, valued at $5.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 13, EVP, Chief Operations Officer Desroches Jeff sold 1,716 shares of the business’s stock. A total of $128,408 was realized by selling the stock at an average price of $74.83. This leaves the insider owning 91,881 shares of the company worth $6.39 million. Insiders disposed of 408,090 shares of company stock worth roughly $28.4 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BJ stock. A new stake in BJ’s Wholesale Club Holdings Inc. shares was purchased by ARTISAN PARTNERS LIMITED PARTNERSHIP during the first quarter worth $79,110,000. TUDOR INVESTMENT CORP ET AL invested $11,399,000 in shares of BJ during the first quarter. In the first quarter, GREAT LAKES ADVISORS, LLC acquired a new stake in BJ’s Wholesale Club Holdings Inc. valued at approximately $7,771,000. GRATICULE ASIA MACRO ADVISORS LLC acquired a new stake in BJ for approximately $3,867,000. ORION PORTFOLIO SOLUTIONS, LLC purchased a new stake in BJ valued at around $3,607,000 in the second quarter. In total, there are 665 active investors with 97.20% ownership of the company’s stock.
Monday morning saw BJ’s Wholesale Club Holdings Inc. (NYSE: BJ) opened at $69.90. During the past 12 months, BJ’s Wholesale Club Holdings Inc. has had a low of $51.45 and a high of $80.41. As of last week, the company has a debt-to-equity ratio of 0.81, a current ratio of 0.70, and a quick ratio of 0.10. According to the stock market information, the enterprise value for the company is $13.15B, which is based on a 18.47 price-to-earnings ratio, a 2.84 price-to-earnings-growth ratio, and a beta of 0.49. The fifty day moving average price for BJ is $74.68 and a two-hundred day moving average price translates $73.12 for the stock.
The latest earnings results from BJ’s Wholesale Club Holdings Inc. (NYSE: BJ) was released for Jan, 2023. According to the Discount Stores Company, earnings per share came in at $1, beating analysts’ expectations of $0.87 by 0.13. This compares to $0.00 EPS in the same period last year. The net profit margin was 2.70% and return on equity was 57.60% for BJ. The company reported revenue of $4.93 billion for the quarter, compared to $4.36 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.12 percent. For the current quarter, analysts expect BJ to generate $4.8B in revenue.
BJ’s Wholesale Club Holdings Inc.(BJ) Company Profile
BJ’s Wholesale Club Holdings, Inc., together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides perishable, general merchandise, gasoline, coupon books, promotions, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app. The company was formerly known as Beacon Holding Inc. and changed its name to BJ’s Wholesale Club Holdings, Inc. in February 2018. BJ’s Wholesale Club Holdings, Inc. was founded in 1984 and is headquartered in Westborough, Massachusetts.
