In yesterday’s Wall Street session, BJ’s Wholesale Club Holdings Inc. (NYSE:BJ) shares traded at $66.20, up 0.06% from the previous session.
21 analysts cover BJ’s Wholesale Club Holdings Inc. (NYSE:BJ), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $90.00 and a low of $62.00, we find $77.00. Given the previous closing price of $66.16, this indicates a potential upside of 16.38 percent. BJ stock price is now 1.75% away from the 50-day moving average and -5.80% away from the 200-day moving average. The market capitalization of the company currently stands at $8.80B.
The stock has received a hold rating from 9 analysts and a buy rating from 10. Brokers who have rated the stock have averaged $75.78 as their price target over the next twelve months.
With the price target of $72, Barclays recently initiated with Equal Weight rating for BJ’s Wholesale Club Holdings Inc. (NYSE: BJ).
In other news, Eddy Robert W., President & CEO sold 3,886 shares of the company’s stock on Aug 17. The stock was sold for $272,525 at an average price of $70.13. Upon completion of the transaction, the President & CEO now directly owns 250,632 shares in the company, valued at $16.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 17, EVP, Strategy & Development Werner William C. sold 481 shares of the business’s stock. A total of $33,771 was realized by selling the stock at an average price of $70.21. This leaves the insider owning 36,850 shares of the company worth $2.44 million. Insiders disposed of 351,506 shares of company stock worth roughly $23.27 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 ARROWMARK COLORADO HOLDINGS LLC during the first quarter worth $35,781,000. WAFRA INC. invested $19,923,000 in shares of BJ during the first quarter. In the first quarter, J. GOLDMAN & CO LP acquired a new stake in BJ’s Wholesale Club Holdings Inc. valued at approximately $17,054,000. PORTSIDE WEALTH GROUP, LLC acquired a new stake in BJ for approximately $12,280,000. TWINBEECH CAPITAL LP purchased a new stake in BJ valued at around $11,774,000 in the second quarter. In total, there are 675 active investors with 97.20% ownership of the company’s stock.
On Wednesday morning BJ’s Wholesale Club Holdings Inc. (NYSE: BJ) stock kicked off with the opening price of $66.00. During the past 12 months, BJ’s Wholesale Club Holdings Inc. has had a low of $60.33 and a high of $80.41. As of last week, the company has a debt-to-equity ratio of 0.75, 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 $12.41B, which is based on a 17.43 price-to-earnings ratio, a 2.68 price-to-earnings-growth ratio, and a beta of 0.45. The fifty day moving average price for BJ is $65.16 and a two-hundred day moving average price translates $70.22 for the stock.
The latest earnings results from BJ’s Wholesale Club Holdings Inc. (NYSE: BJ) was released for Apr, 2023. According to the Discount Stores Company, earnings per share came in at $0.97, beating analysts’ expectations of $0.89 by 0.08. This compares to $0.00 EPS in the same period last year. The net profit margin was 2.60% and return on equity was 52.00% for BJ. The company reported revenue of $4.72 billion for the quarter, compared to $4.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.04 percent. For the current quarter, analysts expect BJ to generate $4.93B in revenue.
