MKM Partners began coverage on shares of BJs Wholesale Club (NYSE:BJ) in a research report report published on Wednesday morning, BenzingaRatingsTable reports. The brokerage issued a sell rating and a $30.00 price target on the stock.

Other research analysts have also recently issued research reports about the company. Loop Capital boosted their price target on BJs Wholesale Club from $40.00 to $45.00 in a research note on Wednesday, July 8th. Morgan Stanley boosted their price target on BJs Wholesale Club from $28.00 to $33.00 and gave the stock an equal weight rating in a research note on Tuesday, May 26th. UBS Group boosted their price target on BJs Wholesale Club from $31.00 to $40.00 and gave the stock a buy rating in a research note on Friday, May 22nd. Nomura Instinet boosted their price target on BJs Wholesale Club from $33.00 to $40.00 and gave the stock a buy rating in a research note on Friday, May 22nd. Finally, Credit Suisse Group boosted their price target on BJs Wholesale Club from $31.00 to $38.00 and gave the stock an outperform rating in a research note on Friday, May 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $36.05.

Shares of NYSE BJ opened at $40.05 on Wednesday. BJs Wholesale Club has a 1-year low of $18.84 and a 1-year high of $42.06. The business has a 50-day moving average of $37.74 and a 200-day moving average of $28.70. The company has a debt-to-equity ratio of 103.12, a current ratio of 0.81 and a quick ratio of 0.22. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 1.35 and a beta of 0.35.

BJs Wholesale Club (NYSE:BJ) last issued its earnings results on Thursday, May 21st. The company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.32. BJs Wholesale Club had a negative return on equity of 360.57% and a net margin of 1.78%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. The company’s revenue was up 21.1% compared to the same quarter last year. Research analysts expect that BJs Wholesale Club will post 2.21 EPS for the current fiscal year.

In other BJs Wholesale Club news, EVP Brian Poulliot sold 24,519 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $35.14, for a total transaction of $861,597.66. Following the completion of the transaction, the executive vice president now directly owns 141,387 shares of the company’s stock, valued at approximately $4,968,339.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Laura L. Felice sold 7,000 shares of the stock in a transaction on Friday, July 17th. The shares were sold at an average price of $39.66, for a total value of $277,620.00. Following the transaction, the senior vice president now directly owns 92,656 shares of the company’s stock, valued at $3,674,736.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 140,697 shares of company stock valued at $5,249,310. 4.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of BJ. First Mercantile Trust Co. bought a new position in BJs Wholesale Club during the 1st quarter valued at $35,000. Nisa Investment Advisors LLC acquired a new stake in shares of BJs Wholesale Club during the 2nd quarter valued at $39,000. Private Capital Group LLC lifted its position in shares of BJs Wholesale Club by 59.6% during the 1st quarter. Private Capital Group LLC now owns 2,544 shares of the company’s stock valued at $65,000 after acquiring an additional 950 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of BJs Wholesale Club during the 2nd quarter valued at $105,000. Finally, Westpac Banking Corp acquired a new stake in shares of BJs Wholesale Club during the 1st quarter valued at $122,000.

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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Analyst Recommendations for BJs Wholesale Club (NYSE:BJ)

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