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

A number of other equities research analysts have also recently weighed in on BJ. Zacks Investment Research upgraded shares of HAYS PLC/ADR from a sell rating to a hold rating in a research report on Tuesday, June 18th. Gordon Haskett upgraded shares of Darden Restaurants from an underperform rating to a hold rating in a research report on Thursday, March 21st. Citigroup dropped their price target on shares of GrafTech International from $21.00 to $17.00 and set a buy rating for the company in a research report on Monday, April 1st. Evercore ISI began coverage on shares of Polarityte in a report on Wednesday, March 20th. They issued an outperform rating and a $26.00 price objective for the company. Finally, Wells Fargo & Co began coverage on shares of Propetro in a report on Friday, March 29th. They issued an outperform rating for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $30.79.

Shares of BJ opened at $24.15 on Thursday. BJs Wholesale Club has a 1-year low of $19.31 and a 1-year high of $32.92. The firm has a market capitalization of $3.36 billion and a PE ratio of 20.12. The company’s 50-day moving average is $25.32.

BJs Wholesale Club (NYSE:BJ) last announced its quarterly earnings results on Thursday, May 23rd. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. BJs Wholesale Club had a net margin of 1.14% and a negative return on equity of 72.36%. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.12 billion. BJs Wholesale Club’s quarterly revenue was up 2.5% on a year-over-year basis. Sell-side analysts anticipate that BJs Wholesale Club will post 1.48 earnings per share for the current year.

In related news, CEO Christopher J. Baldwin sold 48,622 shares of BJs Wholesale Club stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $28.28, for a total value of $1,375,030.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Cvc European Equity V. Ltd sold 8,750,000 shares of BJs Wholesale Club stock in a transaction that occurred on 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. Insiders sold 9,219,471 shares of company stock valued at $227,240,697 in the last 90 days. Company insiders own 17.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its holdings in BJs Wholesale Club by 201.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,165 shares of the company’s stock worth $26,000 after acquiring an additional 778 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in BJs Wholesale Club by 18.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,889 shares of the company’s stock worth $107,000 after acquiring an additional 606 shares in the last quarter. QS Investors LLC acquired a new position in BJs Wholesale Club during the 4th quarter worth approximately $89,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in BJs Wholesale Club by 25.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,574 shares of the company’s stock worth $125,000 after acquiring an additional 917 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new position in BJs Wholesale Club during the 1st quarter worth approximately $238,000. Institutional investors own 89.01% of the company’s stock.

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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