BJs Wholesale Club (BJ) Reaches New 52-Week Low at $20.22

BJs Wholesale Club Holdings Inc (NYSE:BJ)’s share price reached a new 52-week low on Monday . The stock traded as low as $20.22 and last traded at $20.27, with a volume of 100108 shares traded. The stock had previously closed at $21.04.

Several equities analysts have recently weighed in on BJ shares. Zacks Investment Research raised shares of BJs Wholesale Club from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, October 23rd. Citigroup started coverage on shares of BJs Wholesale Club in a research note on Tuesday, October 2nd. They issued a “buy” rating and a $31.00 price target on the stock. Robert W. Baird started coverage on shares of BJs Wholesale Club in a research note on Monday, July 23rd. They issued an “outperform” rating and a $30.00 price target on the stock. Loop Capital raised their price target on shares of BJs Wholesale Club to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, September 5th. Finally, Goldman Sachs Group started coverage on shares of BJs Wholesale Club in a research note on Monday, July 23rd. They issued a “neutral” rating and a $24.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. BJs Wholesale Club presently has a consensus rating of “Hold” and a consensus target price of $29.92.

BJs Wholesale Club (NYSE:BJ) last issued its earnings results on Tuesday, August 28th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period last year, the firm earned $0.22 earnings per share. BJs Wholesale Club’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, research analysts anticipate that BJs Wholesale Club Holdings Inc will post 0.9 EPS for the current year.

In other news, CEO Christopher J. Baldwin sold 302,668 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $25.09, for a total value of $7,593,940.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tommy Yin sold 15,034,658 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $26.00, for a total transaction of $390,901,108.00. The disclosure for this sale can be found here. Insiders have sold 15,430,535 shares of company stock worth $400,833,662 over the last ninety days.

Several hedge funds have recently made changes to their positions in BJ. Amica Retiree Medical Trust acquired a new position in shares of BJs Wholesale Club in the third quarter valued at approximately $114,000. Tower Research Capital LLC TRC acquired a new position in shares of BJs Wholesale Club in the third quarter valued at approximately $169,000. Jane Street Group LLC acquired a new position in shares of BJs Wholesale Club in the second quarter valued at approximately $280,000. Bank of New York Mellon Corp acquired a new position in shares of BJs Wholesale Club in the second quarter valued at approximately $298,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of BJs Wholesale Club in the second quarter valued at approximately $311,000. Hedge funds and other institutional investors own 71.94% of the company’s stock.

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About BJs Wholesale Club (NYSE:BJ)

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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