Oppenheimer started coverage on shares of BJs Wholesale Club (NYSE:BJ) in a report issued on Wednesday, October 17th, MarketBeat reports. The firm issued a market perform rating on the stock.
Several other research firms have also issued reports on BJ. Citigroup began coverage on shares of BJs Wholesale Club in a report on Tuesday, October 2nd. They set a buy rating and a $31.00 price target for the company. Loop Capital upped their target price on BJs Wholesale Club to $35.00 and gave the stock a buy rating in a research note on Wednesday, September 5th. Gordon Haskett lowered BJs Wholesale Club from a buy rating to an accumulate rating in a research note on Wednesday, July 25th. They noted that the move was a valuation call. Northcoast Research initiated coverage on BJs Wholesale Club in a research note on Tuesday, September 25th. They set a buy rating and a $38.00 price objective for the company. Finally, Morgan Stanley reissued a hold rating and set a $30.00 price objective (up previously from $28.00) on shares of BJs Wholesale Club in a research note on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $29.92.
NYSE BJ traded down $0.65 during trading hours on Wednesday, reaching $23.12. The company’s stock had a trading volume of 1,594,988 shares, compared to its average volume of 1,358,643. BJs Wholesale Club has a 52 week low of $20.33 and a 52 week high of $32.92.
In other BJs Wholesale Club news, CEO Christopher J. Baldwin sold 302,668 shares of the stock in a transaction on Monday, October 1st. The stock was 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott Kessler sold 61,686 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $25.09, for a total value of $1,547,701.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,430,535 shares of company stock valued at $400,833,662.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of BJs Wholesale Club by 64.4% in the third quarter. FMR LLC now owns 13,905,704 shares of the company’s stock worth $372,395,000 after acquiring an additional 5,444,784 shares during the last quarter. BlackRock Inc. grew its stake in shares of BJs Wholesale Club by 705.7% in the third quarter. BlackRock Inc. now owns 3,301,942 shares of the company’s stock worth $88,425,000 after acquiring an additional 2,892,106 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of BJs Wholesale Club in the second quarter worth $68,786,000. JPMorgan Chase & Co. grew its stake in shares of BJs Wholesale Club by 35.8% in the third quarter. JPMorgan Chase & Co. now owns 2,748,909 shares of the company’s stock worth $73,616,000 after acquiring an additional 725,143 shares during the last quarter. Finally, Putnam Investments LLC purchased a new stake in shares of BJs Wholesale Club in the second quarter worth $53,841,000. 61.48% of the stock is currently owned by hedge funds and other institutional investors.
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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