Bj’s Wholesale Club Holdings (BJ) Receives a Buy from Citi
In a report released today, Steven Zaccone from Citi maintained a Buy rating on Bj’s Wholesale Club Holdings, with a price target of $100.00.
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Zaccone covers the Consumer Cyclical sector, focusing on stocks such as Home Depot, AutoZone, and Lowe’s. According to TipRanks, Zaccone has an average return of 0.1% and a 45.87% success rate on recommended stocks.
In addition to Citi, Bj’s Wholesale Club Holdings also received a Buy from Wells Fargo’s Edward Kelly in a report issued on May 22. However, today, Barclays maintained a Sell rating on Bj’s Wholesale Club Holdings (NYSE: BJ).
Based on Bj’s Wholesale Club Holdings’ latest earnings release for the quarter ending May 2, the company reported a quarterly revenue of $5.66 billion and a net profit of $142.73 million. In comparison, last year the company earned a revenue of $5.15 billion and had a net profit of $149.77 million
Based on the recent corporate insider activity of 50 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. Earlier this month, Eddy Robert W. , the President & CEO of BJ sold 8,000.00 shares for a total of $768,975.33.
Read More on BJ:
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- BJ’s Wholesale: Buy Rating Reaffirmed as Analyst Trims Valuation Multiple and Lowers Price Target to $100 Amid Near-Term Margin Pressures
- BJ’s Wholesale price target lowered to $100 from $118 at Citi
- BJ’s Wholesale price target lowered to $100 from $110 at BofA
- BJ’s Wholesale Club Balances Growth With Margin Strain
- Phillip Blee Reiterates Buy on BJ’s, Citing Temporary Margin Pressure, Attractive Valuation, and Long-Term Earnings Upside
