Oppenheimer analyst Rupesh Parikh maintained a Hold rating on Bj’s Wholesale Club Holdings Inc (BJ) today. The company’s shares opened today at $27.47.
Parikh observed:
“We overall look very favorably upon the Q4 results reported by BJ earlier today. $0.44 topped a Street figure of $0.36. Q4 comps (ex. fuel) increased 2.9% ahead of a 2.1% consensus forecast. Two year comp trends accelerated to +4.1% from +2.3% in Q3. Membership fee growth remained healthy increasing 10.7% supported by price increases and traction from company initiatives. Management also introduced a fairly upbeat guide with FY19 EBITDA expectations of $590-$600M ahead of a Street figure of $564.4M. We are encouraged by the continued solid underlying performance at BJ. Our Perform rating primarily reflects valuation.”
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 15.8% and a 64.3% success rate. Parikh covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, United Natural Foods, and Wal-Mart Stores Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bj’s Wholesale Club Holdings Inc with a $30 average price target.
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The company has a one-year high of $32.92 and a one-year low of $19.31. Currently, Bj’s Wholesale Club Holdings Inc has an average volume of 1.24M.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock.
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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.
