The stock of BJ’s Wholesale Club Holdings Inc. (NYSE:BJ) increased by $0.36 on Tuesday to finish at $71.51, up 0.51 percent. The last five days have seen an average of 2,032,940 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $5.35. The average number of shares traded over the last 20 days was 1,955,060, while the average volume over the last 50 days totaled 1,860,934.
BJ stock appreciated 3.17% since last month. On 08/28/23, the company’s shares reached a one-month low of $64.08. The stock touched a high of $80.41 on 03/09/23, after rallying from a low of $60.33 in 52 weeks. The price of BJ stock has risen by 8.09% or $5.35 this year, reaching a new high 13 times. Still, the stock price is down -11.07% from the 52-week high.
Insider Transactions
BJ stock investors should be aware that BJ’s Wholesale Club Holdings Inc. (BJ) stock had its last reported insider trading activity 2 days ago on Sep 18. On Sep 18, President & CEO Eddy Robert W. sold 19,509 shares at $70.41 each. This transaction resulted in the insider making $1,373,606. On Sep 18, Werner William C. sold 3,799 shares at a price of US$70.65. After the transaction, the insider now owns 31,081 shares. President & CEO Eddy Robert W. had earlier sold 11,965 shares on Sep 14 for $70.04 a share. The transaction was completed for $838,029.
Valuation Metrics
BJ’s Wholesale Club Holdings Inc. (BJ) has a trailing price-to-earnings (P/E) ratio of 19.13. Beta for the stock is 0.44. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.50, the price-to-book (PB) ratio of 7.74, and the price-to-cash flow ratio of 49.59.
Financial Health
For the three months ended July 30, BJ’s Wholesale Club Holdings Inc.’s quick ratio was 0.10, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending July 30 is 0.36, and the total debt to equity ratio is 0.70. As far as profitability goes, gross margin for the trailing twelve months is 18.30% percent. BJ’s Wholesale Club Holdings Inc.’s EBITDA margin for the year ended July 30 was 5.05%, whereas its operating margin stood at 4.00% for the same period. Based on annual data, it had gross profit of $3.43 billion and revenue of $19.32 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BJ’s return on assets (ROA) during the last 12 months has been 7.80%. There was a 29.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 46.60%.
Earnings Surprise
According to BJ’s Wholesale Club Holdings Inc.’s quarterly financial report for the quarter that ended July 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.96 billion, while revenues fell by -2.83% to $4.72 billion. It was predicted that BJ’s Wholesale Club Holdings Inc.’s quarterly earnings would be $0.97, but it ended up being $0.89, beating the consensus by 9.00%. EBITDA was $255.43 million for the quarter. At the end of BJ’s Wholesale Club Holdings Inc.’s most recent quarter ended July 30, its liabilities totaled 5.37 billion, while its total debt was $3.11 billion. Equity owned by shareholders amounts to $133.73 million.
Technical Picture
Here’s a quick look at BJ’s Wholesale Club Holdings Inc.’s (BJ) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 75.36%, suggesting the stock is Overbought, with a 20.40% historical volatility rate.
The stochastic %K and %D were 94.37% and 92.72% respectively, while the average true range (ATR) was 1.44. Based on the 14-day stochastic reading of 95.88%, the RSI (14) reading is 68.71%. On the 9-day MACD Oscillator, the stock is at 2.30, and the 14-day reading is at 3.12.
Analyst Ratings
In its analyst report released on September 14, 2023, TD Cowen began covering BJ’s Wholesale Club Holdings Inc. (NYSE: BJ). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned BJ’s Wholesale Club Holdings Inc. (BJ) an Overweight rating. BJ is a stock that is recommended for selling by 1 brokerage firm, while 9 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 11 others recommend it as a buy.
What is BJ’s price target for the next 12 months?
The current consensus forecast for the stock is between $62.00 and $90.00, with a median target price of $79.50. In analyzing these forecasts, the average price target given by analysts for BJ’s Wholesale Club Holdings Inc. (BJ) is $76.22.
