BJs Wholesale Club (NYSE:BJ) Upgraded by ValuEngine to Hold
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.
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.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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