Bj’s Wholesale Club Holdings (BJ) Receives a Buy from Wells Fargo

Wells Fargo analyst Edward Kelly maintained a Buy rating on Bj’s Wholesale Club Holdings (BJResearch Report) on April 27 and set a price target of $70.00. The company’s shares closed last Friday at $64.35.

According to TipRanks.com, Kelly is a 5-star analyst with an average return of 13.1% and a 69.0% success rate. Kelly covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Performance Food Group, and United Natural Foods.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bj’s Wholesale Club Holdings with a $68.67 average price target.

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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 $3.95 billion and had a net profit of $95.88 million.

Based on the recent corporate insider activity of 59 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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