In a report released yesterday, Edward Kelly from Wells Fargo maintained a Hold rating on Bj’s Wholesale Club Holdings Inc (BJ). The company’s shares closed yesterday at $19.83, close to its 52-week low of $19.31.
According to TipRanks.com, Kelly is a 4-star analyst with an average return of 6.1% and a 66.7% success rate. Kelly covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, United Natural Foods, and Sprouts Farmers.
Currently, the analyst consensus on Bj’s Wholesale Club Holdings Inc is a Moderate Buy with an average price target of $32.25, which is a 62.6% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Hold rating on the stock.
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Based on Bj’s Wholesale Club Holdings Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly GAAP net loss of $5.61 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.
