ValuEngine upgraded shares of BJs Wholesale Club (NYSE:BJ) from a sell rating to a hold rating in a research report report published on Tuesday morning, ValuEngine reports.

Several other research analysts have also commented on the company. Zacks Investment Research lowered BJs Wholesale Club from a buy rating to a hold rating in a research report on Tuesday, August 27th. Nomura assumed coverage on BJs Wholesale Club in a research report on Friday, November 8th. They set a buy rating and a $30.00 price objective on the stock. Jefferies Financial Group set a $34.00 target price on BJs Wholesale Club and gave the company a buy rating in a research note on Friday, August 23rd. UBS Group lifted their target price on BJs Wholesale Club from $28.00 to $30.00 and gave the company a buy rating in a research note on Friday, August 23rd. Finally, Loop Capital reduced their target price on shares of BJs Wholesale Club from $35.00 to $30.00 in a report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $30.36.

Shares of BJs Wholesale Club stock opened at $23.89 on Tuesday. The firm has a market cap of $3.25 billion, a P/E ratio of 15.59, a P/E/G ratio of 1.40 and a beta of 1.32. BJs Wholesale Club has a 12 month low of $19.67 and a 12 month high of $29.41. The stock’s fifty day moving average price is $25.54 and its 200-day moving average price is $25.15.

BJs Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, November 21st. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.30 billion. BJs Wholesale Club had a net margin of 1.60% and a negative return on equity of 137.06%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. As a group, research analysts forecast that BJs Wholesale Club will post 1.47 earnings per share for the current year.

In other news, Director Jonathan A. Seiffer sold 75,000 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $23.72, for a total transaction of $1,779,000.00. Also, EVP Robert W. Eddy sold 76,367 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $27.12, for a total transaction of $2,071,073.04. Following the sale, the executive vice president now directly owns 157,031 shares in the company, valued at $4,258,680.72. The disclosure for this sale can be found here. Insiders have sold a total of 3,464,785 shares of company stock worth $89,262,478 over the last ninety days. 17.70% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Psagot Investment House Ltd. acquired a new position in BJs Wholesale Club during the third quarter valued at $29,000. Point72 Asset Management L.P. purchased a new stake in shares of BJs Wholesale Club in the second quarter worth about $45,000. Aperio Group LLC purchased a new stake in shares of BJs Wholesale Club in the second quarter worth about $58,000. Quest Capital Management Inc. ADV acquired a new stake in BJs Wholesale Club during the third quarter worth about $73,000. Finally, Acadian Asset Management LLC acquired a new stake in BJs Wholesale Club during the second quarter worth about $87,000.

BJs Wholesale Club Company Profile

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.

Recommended Story: Net Income

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for BJs Wholesale Club (NYSE:BJ)

Receive News & Ratings for BJs Wholesale Club Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJs Wholesale Club and related companies with MarketBeat.com's FREE daily email newsletter.