BJ’s Wholesale Club (NYSE:BJ) Stock Price Down 13%

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJGet Rating)’s stock price was down 13% during mid-day trading on Wednesday . The company traded as low as $55.47 and last traded at $55.50. Approximately 18,536 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 1,652,530 shares. The stock had previously closed at $63.81.

A number of research analysts have issued reports on BJ shares. Credit Suisse Group decreased their target price on BJ’s Wholesale Club from $80.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, March 4th. Zacks Investment Research cut BJ’s Wholesale Club from a “strong-buy” rating to a “hold” rating and set a $64.00 target price for the company. in a research note on Wednesday, January 19th. Morgan Stanley decreased their target price on BJ’s Wholesale Club from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 18th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on BJ’s Wholesale Club from $74.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, March 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $66.45.

The company has a market cap of $7.22 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 2.43 and a beta of 0.51. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.76 and a quick ratio of 0.14. The firm has a 50-day moving average price of $65.66 and a 200 day moving average price of $64.29.

BJ’s Wholesale Club (NYSE:BJGet Rating) last issued its quarterly earnings results on Thursday, March 3rd. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. The business had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.38 billion. BJ’s Wholesale Club had a return on equity of 84.80% and a net margin of 2.56%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.70 earnings per share. On average, equities analysts anticipate that BJ’s Wholesale Club Holdings, Inc. will post 3.27 EPS for the current fiscal year.

In other BJ’s Wholesale Club news, Director Kenneth M. Parent sold 35,004 shares of the firm’s stock in a transaction on Tuesday, April 5th. The stock was sold at an average price of $67.42, for a total value of $2,359,969.68. Following the sale, the director now owns 14,143 shares of the company’s stock, valued at approximately $953,521.06. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.10% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. First Trust Advisors LP raised its position in BJ’s Wholesale Club by 0.8% during the 1st quarter. First Trust Advisors LP now owns 115,218 shares of the company’s stock worth $3,157,000 after purchasing an additional 955 shares during the last quarter. Morgan Stanley raised its position in BJ’s Wholesale Club by 679.9% during the 2nd quarter. Morgan Stanley now owns 1,061,319 shares of the company’s stock worth $50,499,000 after purchasing an additional 925,238 shares during the last quarter. Advisor Group Holdings Inc. raised its position in BJ’s Wholesale Club by 3.5% during the 3rd quarter. Advisor Group Holdings Inc. now owns 26,646 shares of the company’s stock worth $1,463,000 after purchasing an additional 909 shares during the last quarter. CIBC Asset Management Inc raised its position in BJ’s Wholesale Club by 8.6% during the 3rd quarter. CIBC Asset Management Inc now owns 5,545 shares of the company’s stock worth $305,000 after purchasing an additional 441 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in BJ’s Wholesale Club by 22.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 22,122 shares of the company’s stock worth $1,215,000 after purchasing an additional 4,015 shares during the last quarter. Institutional investors own 99.98% of the company’s stock.

About BJ’s Wholesale Club (NYSE:BJ)

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, Wellsleyfarms.com, and Delivery.bjs.com as well as the mobile app.

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