In a report released today, Corey Tarlowe from Jefferies maintained a Buy rating on Bj’s Wholesale Club Holdings (BJ – Research Report), with a price target of $72.00. The company’s shares closed last Thursday at $59.36.
According to TipRanks.com, Tarlowe is ranked 0 out of 5 stars with an average return of -13.8% and a 32.6% success rate. Tarlowe covers the Consumer Goods sector, focusing on stocks such as Burlington Stores, Abercrombie Fitch, and Victoria’s Secret.
Bj’s Wholesale Club Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $69.43, implying a 21.2% upside from current levels. In a report issued on May 19, R5 Capital also maintained a Buy rating on the stock with a $86.28 price target.
Based on Bj’s Wholesale Club Holdings’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $4.36 billion and net profit of $108 million. In comparison, last year the company earned revenue of $3.87 billion and had a net profit of $81.58 million.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BJ in relation to earlier this year.
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BJ’s Wholesale Club Holdings, Inc. engages in the operation of warehouse club. The company was founded on June 24, 2011 and is headquartered in Westborough, MA.
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