In yesterday’s Wall Street session, BJ’s Wholesale Club Holdings Inc. (NYSE:BJ) shares traded at $63.75, down -0.79% from the previous session.
As of this writing, 19 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 $90.00 and a low of $62.00, we find $80.00. Given the previous closing price of $64.26, this indicates a potential upside of 24.49 percent. BJ stock price is now -4.63% away from the 50-day moving average and -10.83% away from the 200-day moving average. The market capitalization of the company currently stands at $8.63B.
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There are 7 analysts who have given it a hold rating, whereas 10 have given it a buy rating. Brokers who have rated the stock have averaged $78.44 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, Schwartz Monica, EVP, Chief Digital Officer sold 15,168 shares of the company’s stock on Jun 22. The stock was sold for $938,141 at an average price of $61.85. Upon completion of the transaction, the EVP, Chief Digital Officer now directly owns 25,962 shares in the company, valued at $1.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 09, EVP, Chief Operations Officer Desroches Jeff sold 7,059 shares of the business’s stock. A total of $544,149 was realized by selling the stock at an average price of $77.09. This leaves the insider owning 84,822 shares of the company worth $5.41 million. Insiders disposed of 354,381 shares of company stock worth roughly $22.59 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 $72,460,000. EP WEALTH ADVISORS, LLC invested $11,794,000 in shares of BJ during the first quarter. In the first quarter, TUDOR INVESTMENT CORP ET AL acquired a new stake in BJ’s Wholesale Club Holdings Inc. valued at approximately $10,441,000. GREAT LAKES ADVISORS, LLC acquired a new stake in BJ for approximately $7,118,000. GRATICULE ASIA MACRO ADVISORS LLC purchased a new stake in BJ valued at around $3,542,000 in the second quarter. In total, there are 665 active investors with 97.20% ownership of the company’s stock.
Friday morning saw BJ’s Wholesale Club Holdings Inc. (NYSE: BJ) opened at $63.95. 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 $11.61B, which is based on a 16.78 price-to-earnings ratio, a 2.58 price-to-earnings-growth ratio, and a beta of 0.47. The fifty day moving average price for BJ is $66.58 and a two-hundred day moving average price translates $71.43 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 $0.85, inline with analysts’ expectations of $0.85. 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 $5.16B in revenue.
