Wells Fargo Sticks to Their Buy Rating for Bj’s Wholesale Club Holdings (BJ)

In a report released today, Edward Kelly from Wells Fargo maintained a Buy rating on Bj’s Wholesale Club Holdings, with a price target of $110.00.

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Kelly covers the Consumer Defensive sector, focusing on stocks such as Costco, United Natural Foods, and Grocery Outlet Holding. According to TipRanks, Kelly has an average return of 11.7% and a 67.20% success rate on recommended stocks.

In addition to Wells Fargo, Bj’s Wholesale Club Holdings also received a Buy from Citi’s Steven Zaccone in a report issued on February 23. However, yesterday, J.P. Morgan maintained a Hold rating on Bj’s Wholesale Club Holdings (NYSE: BJ).

Based on Bj’s Wholesale Club Holdings’ latest earnings release for the quarter ending November 1, the company reported a quarterly revenue of $5.35 billion and a net profit of $152.05 million. In comparison, last year the company earned a revenue of $5.1 billion and had a net profit of $155.75 million

Based on the recent corporate insider activity of 55 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, Laura L. Felice, the EVP & CFO of BJ sold 8,400.00 shares for a total of $881,580.00.