Citigroup downgraded shares of BJs Wholesale Club (NYSE:BJ) from a buy rating to a neutral rating in a research note released on Thursday morning, The Fly reports. They currently have $25.00 target price on the stock, down from their previous target price of $30.00.
BJ has been the subject of a number of other research reports. Wells Fargo & Co reissued a buy rating on shares of BJs Wholesale Club in a research note on Monday, December 9th. Loop Capital lowered their target price on BJs Wholesale Club from $35.00 to $30.00 in a research note on Friday, November 22nd. Evercore ISI initiated coverage on BJs Wholesale Club in a research note on Friday, December 20th. They issued a buy rating for the company. ValuEngine raised BJs Wholesale Club from a sell rating to a hold rating in a research note on Monday, December 30th. Finally, Gordon Haskett lowered BJs Wholesale Club from a buy rating to a hold rating and lowered their target price for the company from $28.00 to $25.00 in a research note on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $29.00.
Shares of NYSE BJ traded down $0.61 during midday trading on Thursday, reaching $21.51. The company had a trading volume of 1,250,479 shares, compared to its average volume of 1,474,299. BJs Wholesale Club has a one year low of $20.79 and a one year high of $29.41. The firm’s fifty day moving average price is $22.92 and its 200-day moving average price is $24.51. The stock has a market cap of $3.01 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 1.30 and a beta of 1.27.
BJs Wholesale Club (NYSE:BJ) last released its earnings results on Thursday, November 21st. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. BJs Wholesale Club had a negative return on equity of 137.06% and a net margin of 1.60%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.30 billion. During the same quarter in the previous year, the company posted $0.39 EPS. BJs Wholesale Club’s revenue for the quarter was up .1% on a year-over-year basis. As a group, research analysts anticipate that BJs Wholesale Club will post 1.47 earnings per share for the current fiscal year.
In other BJs Wholesale Club news, EVP Robert W. Eddy sold 63,057 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $26.85, for a total transaction of $1,693,080.45. Also, SVP William C. Werner sold 8,775 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $27.26, for a total value of $239,206.50. Following the transaction, the senior vice president now owns 59,629 shares in the company, valued at approximately $1,625,486.54. The disclosure for this sale can be found here. Insiders have sold a total of 169,268 shares of company stock worth $4,538,343 in the last quarter. Company insiders own 17.70% of the company’s stock.
Several hedge funds have recently bought and sold shares of the business. Psagot Investment House Ltd. purchased a new stake in shares of BJs Wholesale Club in the 3rd quarter worth approximately $29,000. Point72 Asset Management L.P. purchased a new stake in shares of BJs Wholesale Club in the 2nd quarter worth approximately $45,000. Quest Capital Management Inc. ADV purchased a new stake in shares of BJs Wholesale Club in the 3rd quarter worth approximately $73,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of BJs Wholesale Club by 42.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,266 shares of the company’s stock worth $188,000 after buying an additional 2,149 shares during the last quarter. Finally, Comerica Bank purchased a new stake in shares of BJs Wholesale Club in the 3rd quarter worth approximately $200,000.
About BJs Wholesale Club
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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