Robert W. Baird analyst Peter Benedict reiterated a Buy rating on Bj’s Wholesale Club Holdings (BJ – Research Report) on May 19 and set a price target of $70.00. The company’s shares closed last Friday at $52.29.
According to TipRanks.com, Benedict is a 5-star analyst with an average return of 14.7% and a 63.5% success rate. Benedict covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, Williams-Sonoma, and Tractor Supply.
Bj’s Wholesale Club Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $69.25, implying a 21.3% 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 $3.95 billion and had a net profit of $95.88 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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