Morgan Stanley Maintains a Hold Rating on Bj’s Wholesale Club Holdings Inc (BJ)


In a report released today, Simeon Gutman from Morgan Stanley maintained a Hold rating on Bj’s Wholesale Club Holdings Inc (BJ), with a price target of $28. The company’s shares closed on Wednesday at $22.05.

According to TipRanks.com, Gutman is a 4-star analyst with an average return of 4.6% and a 56.0% success rate. Gutman covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Dick’s Sporting Goods.

Bj’s Wholesale Club Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of $32.25, a 46.3% upside from current levels. In a report issued on November 20, Oppenheimer also assigned a Hold rating to the stock.

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Based on Bj’s Wholesale Club Holdings Inc’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $54.43 million. In comparison, last year the company had a net profit of $22.78 million.

Based on the recent corporate insider activity of 29 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.

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