Goldman Sachs Group started coverage on shares of BJs Wholesale Club (NYSE:BJ) in a research report released on Thursday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $29.00 target price on the stock.

A number of other research firms have also weighed in on BJ. Zacks Investment Research upgraded shares of HAYS PLC/ADR from a sell rating to a hold rating in a research note on Tuesday, June 18th. Morgan Stanley set a $28.00 price objective on shares of BJs Wholesale Club and gave the stock a hold rating in a research note on Friday, May 24th. Citigroup dropped their price target on shares of GrafTech International from $21.00 to $17.00 and set a buy rating on the stock in a research report on Monday, April 1st. Gordon Haskett upgraded shares of Darden Restaurants from an underperform rating to a hold rating in a research report on Thursday, March 21st. Finally, Evercore ISI began coverage on shares of Polarityte in a research report on Wednesday, March 20th. They set an outperform rating and a $26.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $30.79.

NYSE:BJ opened at $24.15 on Thursday. The firm has a market capitalization of $3.36 billion and a price-to-earnings ratio of 20.12. BJs Wholesale Club has a 1-year low of $19.31 and a 1-year high of $32.92. The business has a fifty day simple moving average of $25.32.

BJs Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Thursday, May 23rd. The company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.12 billion. BJs Wholesale Club had a net margin of 1.14% and a negative return on equity of 72.36%. The business’s revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that BJs Wholesale Club will post 1.48 earnings per share for the current fiscal year.

In other news, EVP Robert W. Eddy sold 20,000 shares of BJs Wholesale Club stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $29.00, for a total value of $580,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Cvc European Equity V. Ltd sold 8,750,000 shares of BJs Wholesale Club stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $24.53, for a total transaction of $214,637,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,219,471 shares of company stock worth $227,240,697. 17.70% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in BJ. FMR LLC lifted its stake in shares of BJs Wholesale Club by 0.7% in the first quarter. FMR LLC now owns 20,674,569 shares of the company’s stock worth $566,483,000 after buying an additional 149,164 shares in the last quarter. BlackRock Inc. lifted its stake in shares of BJs Wholesale Club by 50.0% in the fourth quarter. BlackRock Inc. now owns 4,952,770 shares of the company’s stock worth $109,752,000 after buying an additional 1,650,828 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of BJs Wholesale Club by 74.9% in the first quarter. Clearbridge Investments LLC now owns 4,107,167 shares of the company’s stock worth $112,536,000 after buying an additional 1,759,303 shares in the last quarter. TimesSquare Capital Management LLC lifted its stake in shares of BJs Wholesale Club by 6.1% in the first quarter. TimesSquare Capital Management LLC now owns 3,037,590 shares of the company’s stock worth $83,230,000 after buying an additional 174,300 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of BJs Wholesale Club in the fourth quarter worth about $32,581,000. Institutional investors and hedge funds own 89.01% of the company’s stock.

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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Analyst Recommendations for BJs Wholesale Club (NYSE:BJ)

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