J.P. Morgan Sticks to Their Hold Rating for Bj’s Wholesale Club Holdings (BJ)

In a report released yesterday, Christopher Horvers from J.P. Morgan maintained a Hold rating on Bj’s Wholesale Club Holdings, with a price target of $100.00. The company’s shares closed yesterday at $95.49.

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Horvers covers the Consumer Cyclical sector, focusing on stocks such as AutoZone, Home Depot, and Advance Auto Parts. According to TipRanks, Horvers has an average return of 9.2% and a 62.00% success rate on recommended stocks.

In addition to J.P. Morgan, Bj’s Wholesale Club Holdings also received a Hold from Evercore ISI’s Greg Melich in a report issued on March 6. However, yesterday, 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 January 31, the company reported a quarterly revenue of $5.58 billion and a net profit of $125.85 million. In comparison, last year the company earned a revenue of $5.28 billion and had a net profit of $122.66 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. Last month, Laura L. Felice, the EVP & CFO of BJ sold 8,400.00 shares for a total of $881,580.00.